HELOC with 6-Month Seasoning Requirement & Investment Properties

[Nghi Le]

It has almost been 6 months, and I want to put a HELOC on my personal residence for rehab funds. Most of the banks I've talked to won't consider the appraised value until a year afterwards, but I've heard it's possible. Can you recommend a bank that will allow me to do a HELOC in Washington state after 6 months of ownership?

I'm also looking for a bank that will allow for a HELOC on an investment property up to $500,000. PenFed has been the closest, offering 80% LTV up to $400k on investment properties.

I also saw mentions of the following banks while searching through several of the other forums:
- TD Bank
- Talmer Bank
- Washington Federal
- BECU

Their website doesn't post too much details, so I'll have to call and ask in the morning.