Nashville Lender That Will Provide 80% LTV On An Investment HELOC

Mortgage Brokers & Lenders
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Nashville Lender That Will Provide 80% LTV On An Investment HELOC

Jesse Weaver
Mc Kinney, TX · Member since 2016 · 12 posts · 2 votes

I have a place in Nashville, Tennessee with a 2nd mortgage that I need to refinance this year. I've had trouble finding a lender that will refinance the second at an 80% LTV since I no longer live in it and it's used for rental. Does anyone have a good reference for lenders that would potentially take on this deal? Thank you!

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  • Aaron Anderson
    Real Estate Agent · Spring Hill, TN · Member since 2016 · 85 posts · 41 votes
    10y

    I sent your post to a lender that I work closely with.  It's a small bank and they have a lot of flexibility.  I'll let you know his reply!

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  • Jonathan J. Miller
    Lender · Denver, CO · Member since 2015 · 275 posts · 35 votes
    10y

    I do work with a hard money lender that does 2nds.  In the conforming market it will be very difficult to find a bank to do a non owner line of credit unless you connect it to your primary residence.

    ~Jonathan

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  • Jesse Weaver
    OP
    Mc Kinney, TX · Member since 2016 · 12 posts · 2 votes
    10y

    Thank you, Aaron and Jonathan.  Really appreciate your feedback.

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