HELOC on rental property (duplex) in Texas

[Mitchell Hein]

Hello,

I know this has been posted a few times, but as the landscape for these products tends to change frequently, is anyone aware of any lenders that are offering HELOCs on a rental property (duplex specifically) in Texas right now (Aug 2024)?

I have equity in my duplex that I would like to leverage, but the interest rate on the mortgage is at 2.7% so I don't want to cash out refinance (considering interest rates right now are in the 6-8% range). I want to open up the HELOC to have as our emergency fund so I can deploy some of the cash we have saved up right now.