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Updated over 7 years ago on . Most recent reply

User Stats

59
Posts
21
Votes
Joel Cummings
  • Rental Property Investor
  • Spokane Valley WA
21
Votes |
59
Posts

HELOC on Rental in WA

Joel Cummings
  • Rental Property Investor
  • Spokane Valley WA
Posted
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

User Stats

1,185
Posts
728
Votes
Nghi Le
  • Investor / Lender
  • Seattle, WA
728
Votes |
1,185
Posts
Nghi Le
  • Investor / Lender
  • Seattle, WA
Replied

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. 

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