HELOC on 2 family in NJ?

[Account Closed]

Okay, so I’m trying to grab a HELOC on my 2 family in Clifton, NJ. I’ve owned the house for like 6 years and owe 255k, figure the house is worth at least 360k. I’ve talked to two people that said they can’t do it. They ‘don’t offer loans on those types of properties’. I’m just looking for some cash to do some upgrades and maybe even have waiting in case i wanna drop a down payment in something. What are my options in this situation? I don’t wanna re-fi because my PMI is very close to coming off the current mortgage and that’s going to be great.

[Kyle Ransom]

If your credit is a good talk to your bank they would be happy to help. Not alot of options if you are not willing refi? 

[Vaughn Smith]

@Account Closed If your credit score is good enough you may want to look into PNC Bank, ive heard good things about their product, in addition you can try a "Shop Around Service" like Lending Tree they may be able to steer you in the right direction.

[Account Closed]

@Vaughn Smith thanks for replying. My credit is very strong. I’ll keep PNC in mind.

[Grace Ronquillo]

Hi Robert, not sure if there’s a USBank in your area but I got a 90% LTV HELOC from them for my owner occupied duplex here in SoCal. Best of luck!