Obtaining a HELOC for an investment Property?

[Brandon Terrazas]

Hello Everyone,

I am trying to see if it is possible to get a HELOC for an investment property. So far, all the lenders that I have talked to have told me that they don't offer that service. Is anyone aware of a lender that does offer HELOCs for investment properties. If so, would you pass that information on to me?

Thank you all for your time.

Sincerely,

Brandon Terrazas

[Kimberly Abeln]

It didn't matter to any of the banks/CU's I called that the investment property we own is free and clear. It wasn't a first-position issue, but a non-OO property issue. I called and was turned down by: US Bank, PenFed, BofA, PNC, SunTrust, Flagstar, Citi, OneAZ CU, TD Bank, Union Bank, Pyramid CU, TOPCU (I did talk to Ken Krapf in their business department and they will do a Business line of credit for 1-2 years, renewable, for like 4-5%, with an investment property as collateral at 75% LTV), finally I was able to get Jeff at Vantage West CU who will do a HELOC on investment property at 70% LTV around 6.5-7.25%. I hope this saves you a few hours of calling :)