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Updated about 5 years ago on . Most recent reply
Banks that do 80%+ HELOC's on FL SFH investment property?
I have one investment property, a SFH in Palm Beach County, it is rented. Does anyone know off the top of their heads, before I have to call 100 banks/credit unions, any banks/credit unions that have HELOC's that go to 80% (or more, I can dream right) on SFH investment properties in FL? Penfed does, you can skip them. Anyone else?
Most Popular Reply
Originally posted by @Jon Huber:
@Stuart M. I heard TD Bank will go to 80% on an investment. You'll have to contact them to confirm though. Good luck.
Thanks, I looked at their online calculator, it "reduced" the loan amount of my figures to 75% for Boca/PB, I think I am still going to give them a call. Hilariously the appraisals in my area can vary by over 10% so a 75% with a good appraisal will beat an 80% with a bad one. I'd still like to take my chances with a 80% LTV bank first...maybe if I call the local branch they can help me out.