HELOC in San Diego, California 4.86%

[Dennis Nikolaev]

Thanks for opening my post.

I am getting ready to pull equity on my 6 rental condos in San Diego. About 1.2 million of equity total. Then BRRR

I made a list of 37 institutions, local and national, ever mentioned here to offer HELOCs on investment. 

Well 70% of them dont offer it.. I'm half way through my list.

So far Bank of the West offers a deal of 5.85% but if you jump a few hoops, it comes down to 4.85. That is the best deal so far.

If you know any lender that offers better rates for San Diego, please, share.

Dennis 

[Kerry Baird]

@Kenneth Donaghy

Ridge Lending All in One

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

Arvest Bank

California: Cal Coast Credit Union and Fremont Bank.

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

First Florida Credit Union https://firstflorida.cumortgagecenter.com

Huntington

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 - max 3 other properties

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. Automated appraisal.

Trustco

Union Bank, specializes in noo HELOC, NE, KCMO

US Bank

Figure