All Forum Posts by: Robert K.

Update: Fifth Thirds and TD Bank both do not do lines of credit in the state of Texas. Back to step zero =(

The property is located in Texas. Unfortunately, the address shows up as "For Rent" when you google it, so HELOC lenders won't acknowledge it as a primary residency, since it's clear I don't intend to live there (even though it is technically my primary residence.. at least for the next 2 days). I have tenants moving in, so unfortunately I can't take it off the market, get the HELOC, and then put it back on.

Really kicking myself for not having done this a month or so ago. I had no idea getting a loan on an investment property in Texas was such a headache. They've really tightened up in the last few months. I've called 10 different lenders, and none of them will lend unless it's a primary residence. I have also tried several local credit unions. I've called PENFED, and they won't do it. I will try 5/3 and TD bank and report back.

Thanks all

I have owned my home for 2.5 years. I have lived in it the entire time. My job/W2s, driver's license, insurance - everything still points to this home.

I recently temporarily moved in with my parents, and am set to have tenants rent my house out a week from now for at least the next year. I have not signed a lease anywhere, and plan to do a digital nomad lifestyle, so I won't have another primary residence for the foreseeable future. Mail forwarding goes to my parent's address.

I am trying to get a HELOC, but I haven't found any lenders willing consider it for an investment property. The only allowable circumstance is for my primary residency.

Can I still claim my house as my primary residency, even if I have tenants set to move into it? I have lived in it this entire year, and don't plan on living anywhere else longer than the time I spent at that house. All my information points to that address.

I really want to tap into the equity of that house, but don't want to commit mortgage fraud or go to jail. Had I done this process a month ago, I'd be fine. Any advice is welcome!!