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Updated over 3 years ago on . Most recent reply

User Stats

36
Posts
35
Votes
Cesar Perini
  • Developer
  • Bellflower, CA
35
Votes |
36
Posts

HELOC on investment home

Cesar Perini
  • Developer
  • Bellflower, CA
Posted

Hello All. Has anyone completed a HELOC on an investment home? If so, how? At what LTV? And and with who? Thanks in advance for any help.

Most Popular Reply

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1,460
Posts
1,594
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,594
Votes |
1,460
Posts
Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

I looked into Pen Fed as they were one of the few national lenders that would do a HELOC and take a second lien position on an investment property. They were only willing to loan up to 70% of appraised value including current mortgage amounts. I ended up not doing the HELOC because the loan amount wasn't going to be worthwhile.

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