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Updated about 2 hours ago on . Most recent reply
HELOC for a Rental Property (Quadplex)
I have a HELOC on my primary residence but was told by the bank I have it with that they can't give me a HELOC on my Quadplex because it's a multi family rental (they could pass a single family rental off as a a vacation home. Are there any reputable lenders that offer a HELOC on multi family rentals?
Most Popular Reply
Quote from @Jay Jones:
I have a HELOC on my primary residence but was told by the bank I have it with that they can't give me a HELOC on my Quadplex because it's a multi family rental (they could pass a single family rental off as a a vacation home. Are there any reputable lenders that offer a HELOC on multi family rentals?
we recently worked with another lender who can do a 2nd up to 60% LTV - let me know if that would be of interest for you.
- Chris Seveney
