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Updated over 1 year ago on . Most recent reply

User Stats

114
Posts
73
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Michael Hyun
  • Investor
  • San Jose CA
73
Votes |
114
Posts

Looking for a HELOC for investment properties.

Michael Hyun
  • Investor
  • San Jose CA
Posted

How are people using the equity in their homes? I'm looking for a HELOC for my investment property. I'm looking for about 80% LTV, and my mortgage is about 70% LTV, so looking to pull out about 10% LTV or ~100k.

All major banks are not offering and same with most credit unions. Some smaller banks are saying okay, but only at 60% LTV. 

Anyone know a place I can get a 80% LTV HELOC for my investment property?

Most Popular Reply

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1,089
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733
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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
733
Votes |
1,089
Posts
John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Replied

TD bank offers heloc on investment properties as long as it's residential.  I.E. under 5 units.  

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