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Updated over 7 years ago on . Most recent reply
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HELOC on Rental in WA
I'm trying to find a bank that lends in Washington State to give me a line of credit secured to a free and clear duplex. I've called literally every credit union in the state and have a couple options, but wondering if BP has any magic answers.
So, any lenders or investors have a bank/credit union they love that does lines of credit secured by investment property?
Yes, the rental easily cash flows.
Thanks!
Most Popular Reply
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Sound Credit Union gives up to 70% LTV on a HELOC for investment properties. They also have a 1st year introductory rate of 2.49%.
I think BECU does too.