Highest LTV on HELOC for investment property

[YiBing T.]

Hello BP,

I have recently stabilized one of my rental unit with tenant moved in, now I am looking to do a HELOC since the rate is pretty low. The property is located in Maryland, anyone has recommendation for a lender can offer HELOC with 80 percent or more LTV? I am looking to free up the cash to prepare for the next deal. Thank you.

Yibing

[Kerry Baird]

I've been searching for non-owner occupied HELOCs, since they are as rare as hen's teeth.  Start with TD Bank, if you have one, or PenFed.

Americafirst 80% LTV on noo 65% LTV 15 year 5.74%, Utah

Arvest Bank

East West Bank, up to 60% LTV with "no docs”

First Florida Credit Union (Jacksonville area)

Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning.

Key Bank, flexible lender, HELOCs on second homes and rental properties.

PenFed

LendingTree is a broker, connects you with multiple loan providers, some sub prime. 3 to 5 week for underwriting is a long time.

TD Bank

Tower FCU, all states except TX, max 45 DTI, green card ok. Max of three rental properties.

Trustco

Union Bank, specializes in noo HELOC

US Bank

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