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Updated over 4 years ago on . Most recent reply

Jingjun Zhou's profile image
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Jingjun Zhou
  • Member since Aug 19, 2018
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Jingjun Zhou's profile image
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Jingjun Zhou
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Jingjun Zhou
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Creative Real Estate Financing

HELOC on Rental Property in NJ

Jingjun Zhou
Posted

Anyone knows which bank or Credit Union does HELOC on rental properties? I'm in New Jersey. Thanks!

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Andrew Stephanic's profile image
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Andrew Stephanic
  • New to Real Estate
  • from Oxford, NJ
  • Member since Jun 1, 2020
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Andrew Stephanic's profile image
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Andrew Stephanic
  • New to Real Estate
  • from Oxford, NJ
  • Member since Jun 1, 2020
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Andrew Stephanic
  • New to Real Estate
  • Oxford, NJ
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Andrew Stephanic
  • New to Real Estate
  • Oxford, NJ
Replied

I live in NJ, I have a 1st position HELOC on my primary residence and I am just about to close on my rental with a 1st position HELOC (non-owner occupied) all through PenFed. PenFed for non-owner occupied right now loans up to 80% LTV, 4.75% variable. No closing costs, except the appraisal which is $490.

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