HELOC based on Assessment Only

[Julia Amelyan]

Hi, 
Does anyone recommend any credit union that would do a HELOC based on tax assessment, not appraisal?

I live in Wisconsin (Milwaukee area) so I need on that is either national or local that would be able to do this. I know its tough to find now, any help will be appreciated!

thanks!

[Darren Budahn]

@Julia Amelyan

I recently got a Heloc and I live in Milwaukee. I contacted several local credit unions. While none of them will use the assessed value instead of an appraisal, some of the lenders would simply use a computer generated appraisal that didn't require someone actually going to your house. There was no charge for this. However, the higher LTV that you were wanting usually required an in person appraisal (Over 80%LTV). There are lenders that went up to 100% LTV but you will be paying a higher interest rate.