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Updated 6 months ago on .

Stuart Cairns's profile image
Stuart Cairns's profile image
Stuart Cairns
  • Investor
  • from Alexandria, OH
  • Member since Nov 5, 2014
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User Stats

32
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8
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Stuart Cairns's profile image
Stuart Cairns's profile image
Stuart Cairns
  • Investor
  • from Alexandria, OH
  • Member since Nov 5, 2014
Connect
Stuart Cairns
  • Investor
  • Alexandria, OH
8
Votes |
32
Posts
Private Lending & Conventional Mortgage Advice

Legality of 1st Lien HELOC on Investment Property

Stuart Cairns
  • Investor
  • Alexandria, OH
Posted

I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.
During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illegal and not allowed by Federal Law.

Anyone know if this is true?

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