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Updated over 5 years ago on . Most recent reply
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Where are you able to get a HELOC on an investment property?
I'm looking to get a HELOC on an investment property that I own outright. However all the banks and credit unions I've spoken with only do a HELOC on a primary residence. Where are you guys able to get a HELOC for investment properties?
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@Andrew Smith Pen Fed as long as you have 3 properties or less including a primary you can get a Heloc on a rental at 80% LTV, 12 year draw at prime + 1%.