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Updated 7 months ago on . Most recent reply

User Stats

63
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Jason Smith
  • Weatherford, TX
43
Votes |
63
Posts

Do lenders have HELOCs for Investment properties in Texas?

Jason Smith
  • Weatherford, TX
Posted

Hi community, I have a rental unit that I own outright and would like to do a line of credit against but I cant seem to find lenders in texas that do LOC on investments. I am being told that a HELOC is different since its your primary home but no one seems to offer a LOC for investments that I have found.

Is this just not a thing in Texas? Am I just looking in all the wrong places?

  • Jason Smith
  • Most Popular Reply

    User Stats

    1,874
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    Henry Lazerow
    • Real Estate Agent
    • Chicago, IL
    2,381
    Votes |
    1,874
    Posts
    Henry Lazerow
    • Real Estate Agent
    • Chicago, IL
    Replied

    They are out there but rates pretty bad seen stuff in the 9s 

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