HELOC Minimums for LTV and Do the Minimums Change If Primary or Rental Property

[Matt Greenfield]

Hello!

I am thinking about using a HELOC on my rental property and the company I spoke to said that the minimum LTV they would lend on a HELOC is 80%. Perhaps I am misremembering, but I believe I heard a friend say that you can use HELOC in some cases to access funds up to 95% LTV. I know the typical LTV amount for term loans is 80%, but can you access further equity using a HELOC that is more than 80% LTV? Does this LTV limit change if it is a HELOC on your primary residence or rental property? Does the minimum LTVs change based on the intention for those funds?