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Updated 11 months ago on . Most recent reply
Heloc and DSCR option
Hello everyone,
I am interested in pulling equity out of my investment property through a HELOC but some of the lenders and banks I spoke to state that no one offers HELOC's on investment properties. Does anyone know of any lenders/banks that offer investment HELOC's in California? Which leads to my second question if I cannot get the HELOC I am considering a DSCR loan, but curious if I could do a house hack with a DSCR loan?
Most Popular Reply
Quote from @Erick Arana:
Hello everyone,
I am interested in pulling equity out of my investment property through a HELOC but some of the lenders and banks I spoke to state that no one offers HELOC's on investment properties. Does anyone know of any lenders/banks that offer investment HELOC's in California? Which leads to my second question if I cannot get the HELOC I am considering a DSCR loan, but curious if I could do a house hack with a DSCR loan?
These folks all do HELOCs on investment properties in California, confirmed in the last couple weeks:
Better.com
Fremont Bank
BMO / Bank of the West