HELOC on Investment Property in Ohio

[Jake Simon]

Does anyone have any recommendations on a lender that will do a HELOC on a rental property? I have a property I own outright in the Cleveland, OH area and would like to set up a HELOC on. I've called several banks and came up empty handed. Local or national, it makes no difference to me. I'll keep calling around, but I thought I'd post here to see if anyone has any suggestions.

[Kerry Baird]

I've gleaned these lenders from the kind people on BP who have posted their experiences. I have used PenFed and TD Bank for HELOCs on investment property. Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.  I cannot confirm that any bank is lending during the COVID-19 outbreak. 

Ridge Lending All in One, first position HELOC

Americafirst 80% LTV on noo 65% LTV Utah

Arvest Bank AR, OK, AL, MO

Bank of the west

BB&T will loan on a rental portfolio, too

BBVA Compass

Boeing employee credit union

California: Cal Coast Credit Union and Fremont Bank.

Citizens first position HELOC

CMG a financial 70% LTV

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

Figure 80% on a rental, not in LLC

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

Great Lakes Credit Union

HSBC 70%, for premier clients only

Huntington 75% LTV

Hurst Lending and Insurance Investment property HELOC in Texas. No seasoning.

Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

PenFed - max 3 other properties, 89% LTV

Regions- yes HELOC but no LOC

SCCU Florida 70% LTV, 6.25% interest only, not LLC

Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv."TD Bank

TIAA Direct was EverBank

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. KCMO, NE

Union Bank (MUFG), Specializes in NOO HELOCS Union Bank, MUFG.

US Bank

Vectra Bank