Hey guys! As you probably know, I am pretty new into the heloc space and in the process for opening my first one as we speak. Through networking, I have heard about 3 local credit unions that offer 100% LTV helocs, but PLEASE LET ME STRESS that I know many folks who have used these banks, but I don't know anyone specifically (that I know of) that has gotten 100%. I was offered 85% with Hanscom Credit Union, but will be asking many more questions as we continue the process (I had to open up another tradeline so the process is extended another month for my new card to go into effect) to see what is required to achieve 90%, 95%, or 100% LTV on a line.

Here are the 3 banks below, I have direct points of contact that I could introduce you to for 2/3 of these banks, and an extended POC through another investor that I know for BayState. If you would like an intro to any of these banks to have a conversation, drop a comment or send me a message and we can chat! I HIGHLY recommend creating a relationship with the lender and not just filling out the form on the website, it will help you in many more ways than one!

1.) Hanscom Credit Union:

There are 22 branch offices spread throughout Eastern MA. They are who I am going through for mine, and I know multiple investors that have successfully used them as well. They require 4x tradelines, & the subject property needs to be owner occupied, but they can do owner occ. multifamily. This is an awesome option for a househacker!

https://www.hfcu.org/borrow/ho...

2.) Triangle Credit Union:

I heard about Triangle from some of the NH investors, and heard great things about them. They are based out of NH and have locations spread throughout southern NH. They service Hillsborough, Merrimack, Belknap, Rockingham, and Cheshire counties in NH, and also Franklin, Worcester, Middlesex, & Essex counties in MA. The only thing to keep in mind, is I was told that they can only do the HELOC on an owner occupied single family, which I certainly do not have haha. But definitely a great bank to keep in mind depending on your strategy!

https://www.trianglecu.org/hom...

3.) BayState Savings Bank:

I just heard of Bay State less than 48 hours ago from an investor in my network. They have 6 locations around Worcester and right under Worcester. I can’t speak for this one from personal experience but definitely another bank to check out!

https://www.baystatesavingsban...

Do you guys have any more banks that advertise 100% LTV/ very high LTV home equity lines in MA & NH? Do you have any tips for folks going for helocs for the first time? Drop them below!

Happy Saturday guys! 😁

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Worcester, Massachusetts

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