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Updated over 6 years ago, 08/15/2018

User Stats

2
Posts
0
Votes
Erin Lorenz
0
Votes |
2
Posts

HELOC for Rental Property

Erin Lorenz
Posted

Anyone in the Milwaukee, WI area know of a bank or credit union that will do a HELOC on a rental property (not owner-occupied)? I'm having trouble finding one. Thanks!

User Stats

919
Posts
911
Votes
Alan Grobmeier
  • Rental Property Investor
  • Phoenix, AZ
911
Votes |
919
Posts
Alan Grobmeier
  • Rental Property Investor
  • Phoenix, AZ
Replied

Wells Fargo will do up to 60% ltv.   Good luck!

User Stats

1,285
Posts
491
Votes
Frankie Woods
  • Investor
  • Arlington, VA
491
Votes |
1,285
Posts
Frankie Woods
  • Investor
  • Arlington, VA
Replied

PenFed will do up to 80% LTV

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User Stats

2
Posts
0
Votes
Erin Lorenz
0
Votes |
2
Posts
Erin Lorenz
Replied

Fantastic!  Thank you both!

User Stats

87
Posts
86
Votes
Martin L.
  • Rental Property Investor
  • Las Vegas
86
Votes |
87
Posts
Martin L.
  • Rental Property Investor
  • Las Vegas
Replied

PenFed requires you to be a member, but you can just sign up (and pay a small fee) for one of the military support clubs and qualify.