Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

205
Posts
105
Votes
Gary Parilis
  • Rental Property Investor
105
Votes |
205
Posts

ISO Lender for HELOC on investment property in Florida

Gary Parilis
  • Rental Property Investor
Posted

I have two properties with equity I want to use for further investments. Rather than refinancing, there are advantages to a HELOC (low closing costs, quicker underwriting, and I only pay interest on the funds I use). However, most lenders don't want to do a HELOC on an investment property. Fulton Bank is doing one for me (with 80% LTV) for my property in Pennsylvania. But I'm looking for a lender to do the same for my property in Florida, where they don't operate. Any suggestions?

Most Popular Reply

User Stats

1,827
Posts
1,239
Votes
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,239
Votes |
1,827
Posts
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Gary Parilis put Pen Fed on your list to call

Loading replies...