@Robin Simon I completed a refinance with my credit union at terms of 3/30/75 @6.85% I will have the renwal in 2026 and hoping rates come down a little by then.

Have you looked into local credit unions or alternative financing programs?

I recently moved back to the U.S. after almost two decades working in international development and entrepreneurship across the African continent, from co-founding a tech-enabled logistics company in Ghana to negotiating public-private partnerships for infrastructure investments in Senegal.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

Have you tried a local commercial bank or credit union?

If you're focusing on rural properties, sometimes local community banks or credit unions are open to these types of deals.

Yes, that’s another credit union only asking for 10% down with no pmi.

Hi Jerrell,  The best option for trying to get a HELOC on a property would be to check with local credit unions. 

A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?

I'd just as soon donate to the local contractor union's retirement fund.