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Updated over 5 years ago,

User Stats

45
Posts
9
Votes
Matt Said
  • Investor
  • Chicago, IL
9
Votes |
45
Posts

HELOC lenders 4 unit owner occupied in Chicago?

Matt Said
  • Investor
  • Chicago, IL
Posted

Wondering if anyone has any recommendations on where to get this specific type of loan. At this point, I don't care if it is interest only vs. prinical + interest. I own & live in a 4 unit in Chicago and it seems like 3-4 is problematic vs. a 1-2 unit HELOC. I applied at one bank where the branch mgr said they could do the loan but underwriting shot it down due to it being 4 units.

Not looking to refi at this point because I like my 3.5% 30 year rate.

Thanks!

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