HELOC Lender Recommendations

[Mike Amann]

Can anyone recommend a great option for a HELOC lender in the Charlotte area? I would be getting this setup based on my primary home.

Is it better to align with a local Credit Union for this like Truliant or go with a big bank (BoA, Wells Fargo, etc.)? 

Thank you for any insight to share! 

[Kevin Romines]

2 of the best HELOC's out there are Quorum FCU or PenFed FCU. They are really great because they will do things other HELOCs wont at much higher CLTV's. They will also do HELOC's on Rental properties. Quorum will go up to 80% on those and do as many as 10 properties.

PenFed will also go up to 80% on rentals, but will only do a HELOC so long as you own no more than 4 properties. On owner occupied, PenFed will go to 90% and Quorum can go to 95%.

I hope this helps?