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Updated over 6 years ago on . Most recent reply

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Jamal Green
  • Rental Property Investor
  • Atlanta, GA
0
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4
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What is the best HELOC with 90% LTV on primary residence

Jamal Green
  • Rental Property Investor
  • Atlanta, GA
Posted

I have a property now worth about $750000 and I have about $280k in equity in it. I live there and i would like to get a HELOC at 90% LTV to put the money towards a new investment.

Anyone have any recommendations for banks I could use?  Any feedback about ease and speed of process, rates, etc would be much appreciated.  the property is in Atlanta, Ga.

thanks!

Most Popular Reply

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180
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144
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Chris Sellers
  • Charlotte, NC
144
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180
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Chris Sellers
  • Charlotte, NC
Replied

Jamal,

USBank was ok, 90% loan at around 5% interest.  Mostly online / email.  Required 2 years of W2s, tax records, insurance records, mortgage records, called my work, sent out appraiser, signed several docs + a notary to my house for final docs.  No out of pocket for me.  

Good Luck!

Chris

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