Do Banks Offer Home Equity Line Of Credit On Rental Property?

[William Coet]

Hello,
Do banks offer hone equity lines of credit on rental property?  If so, is it common or difficult to find a bank that will do a LOC on rental?  Do they charge origination fees and/or interest rates that are higher than LOCs on owner occupied property?

Thank you

[Zach Westerfield]

I have talked to local banks about this, as they are usually the best to go to for a line of credit. they will do a LOC on investment properties, however the ones that i talked to wanted to be the first position lender as well if they are going to do that. Since i have fannie mae loans on my rentals, they were sold to big banks and this wasnt possible. My loan officer did say they he could do a commercial loan for property, then work out a line of credit. however with interest rates what they are, i decided just to pay the fees and refinance, and lock in 30 years of low interest rates.