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Updated over 2 years ago, 05/06/2022

User Stats

49
Posts
25
Votes
Joseph Agins
Pro Member
  • Rental Property Investor
  • Houston, TX
25
Votes |
49
Posts

Banks or CUs that will do HELOC on SFH rental property?

Joseph Agins
Pro Member
  • Rental Property Investor
  • Houston, TX
Posted

I know many banks and CUs will not do HELOCs on investment properties but I have also heard here and elsewhere that many do. However, now that I am actually looking, I am having a hard time finding any and can't locate the old posts that listed some of the lenders that do. I called Wells Fargo earlier and they will do it but limit the total amount of mortgages you can have to 5 (I have 8). I have excellent credit and the property has a 40% LTV. I just need to find an institution that will do it. Or, do they just not exist in my scenario and in today's market?

  • Joseph Agins
  • Loading replies...