Credit Unions that do SFR investment HELOCs

[James Peters]

Hi all,

I have been doing some research on getting a HELOC to pull out some equity from a SFR rental that I have. Thought I would share what I have found and see if anyone has some suggestions on their end. I have been focussing on credit unions in California and SCE Credit Union, California Coast Credit Union, and Wecom Credit Union all will do HELOCs on Investment homes in California. I also talked with First Republic Bank and they wanted me to move every investment account over to them to get a Prime plus .6 HELOC. That rubbed me the wrong way, so hard no there.

I also have a car loan with America First Credit Union and they do investment property HELOCs, but only in ID, NV, UT, and AZ if anyone is interested. 

The home has been a rental for several years and I was leaning towards Wescom as the best option.  Don't "need" the money right now, but want to have access to capital.  

Hope this helps someone else in the community and wondering if there are any other institutions or options that I might be missing?