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Updated almost 6 years ago on . Most recent reply

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603
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130
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Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Looking for bank that will do HELOC on investment property.

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I know not many do but I am looking for bank that will do HELOC on investment property in the norteast Ohio area.

I assume most of the bigger local banks wont do it

Most Popular Reply

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3,761
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
2,597
Votes |
3,761
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

TD Bank will do a 75% LTV HELOC on an investment property.

PenFed will do 80% LTV HELOC on a non-owner occupied property:

80% OR LESS LTV

$10,000 - $400,000

Variable 4.75% APR
(Prime + 1.00%)

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