List of 100% LTV HELOC Lenders

[Paul Bergagna]

I'll soon be closing on a 100% LTV HELOC and thought it might be helpful to the community to list a few lenders whom are doing these. Rates below are generally for credit over 720. Most of the lenders below lend across the US.

• Tower FCU (MD) - No closing costs, P + 1.00%; IO payments
• American Eagle FCU (CT) - No closing costs, P + 2.25%; IO payments
• Nutmeg State (CT) - No closing costs, P + 1.50%; IO payments
• KeyBank - No closing costs, P + 1.86%; IO payments (able to lock in fixed rate on draws)
• Palisades FCU - No closing costs if line is open for 3-years; P + 0.90%; IO payments
• Quorum 
• UBI
• FInex
• Transportation FCU

[Luis Sosa]

Thanks @Paul Bergagna

[Nikolai Lumpkins]

Wow! So you can just buy a house cash, get a 100% LTV HELOC and then use that money to buy a new property cash and do it all over again? Or is there a lmit on how many HELOCs you can get?

[Matt K.]

Originally posted by @Nikolai Lumpkins:

Wow! So you can just buy a house cash, get a 100% LTV HELOC and then use that money to buy a new property cash and do it all over again? Or is there a lmit on how many HELOCs you can get?

 Going to guess many are owner occupied...

Like this 

https://www.transfcu.org/?page=loans_home_equity

[Colbi Ight]

Good post. I will be making some calls next week. 

[Paul Bergagna]

Originally posted by @Nikolai Lumpkins:

Wow! So you can just buy a house cash, get a 100% LTV HELOC and then use that money to buy a new property cash and do it all over again? Or is there a lmit on how many HELOCs you can get?

Well for most of these the house would have to be owner-occupied to get to 100%; lower for investment or second homes. And technically, you'd only be able to get one HELOC per asset. Most require no closing costs, so I don't see any downside.

[Robbie Hancock]

Signature Federal Credit Union as well. They lend in the continental USA.