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Updated over 5 years ago on . Most recent reply

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105
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Andres Bernal
  • Orange CT
25
Votes |
105
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HeloC on investment property in Connecticut

Andres Bernal
  • Orange CT
Posted

Does anybody any banks or credit union willing to do a heloC on an investment property in west haven Connecticut?

I know credit unions are a better way but I would like to find somebody that has open a heloC in CT.

Thanks!

  • Andres Bernal
  • Most Popular Reply

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    3,761
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    Kerry Baird
    • Rental Property Investor
    • Melbourne, FL
    2,597
    Votes |
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    Kerry Baird
    • Rental Property Investor
    • Melbourne, FL
    Replied

    HELOCs on investment properties are relatively uncommon. I have gleaned these lenders from folks here on BP, and have used TD Bank and PenFed for my own. 

    Americafirst80% 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. 90% LTV on primary.
    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
    Figure

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