Road Block w/ HELOC!

[Caitlin Faulk]

Lined up my first deal $350k. Planned to initially fund entirely with a HELOC from my primary residence, which is owned free and clear, currently valued at 510k. Having a hard time finding a bank to HELOC over 100k. Credit is excellent, DTI low, six figure w-2 income. Not sure what the problem is. I thought the HELOC would be a breeze. Can anyone share who they used and terms as of recent for a HELOC? I'm in Florida. Thank you!

[Kerry Baird]

Perhaps Ridge Lending product called All in One would suit your situation. It is a first position line of credit that later adjusts to an amortizing mortgage.