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Updated about 6 years ago on . Most recent reply

User Stats

111
Posts
45
Votes
Stuart M.
  • Boca Raton, FL
45
Votes |
111
Posts

Banks that do 80%+ HELOC's on FL SFH investment property?

Stuart M.
  • Boca Raton, FL
Posted

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

User Stats

29
Posts
10
Votes
Jerry M Cutrona
  • Developer
10
Votes |
29
Posts
Jerry M Cutrona
  • Developer
Replied

Had good luck with Seacoast Bank (Seminole County Fl) with a below prime HELOC on owner occupied. They will go over 85% if desired. Use the cash to quick close with lower offers for investment units, then finance later.

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