HELOC for Investment Property in NC

[David Burns]

I would like to do a HELOC on an investment property in NC. I have reached out to PenFed but they said I had to have lived in the property, currently live in the property or plan to live in the property. Since this is, and always has been, purely an investment property they would not do a HELOC on it. I've called other credit unions and banks but most that will do a HELOC on an NOO property will not do one for someone who has more than four mortgages, which is my case. Does anyone know of a credit union or bank that does not have these guidelines?

Thanks