assumable loan rate but need heloc and rates suck

[Lynn Gadd]

I am looking to purchase a house in austin and found an assumable VÁ loan that would give me about a 3.25- which is great- but i would have to finance the remaining 400k price difference - and with only 100k cash to throw in, leaves me with looking at 300k heloc to pull from my other house.

(820 purchase- 420 assumable-100k cash - need 300 heloc)

I have seen the lowest helocs at 7.8 but go up to 9 or 10 which would kind of defeat the purpose of the assumable loan.

Anyone know of any credit union 5% heloc and not just 6 month intro offer?

I’m thinking a conventional in the 6’s might make more sense if I can’t find a decent heloc rate.