·Any entity chartered and lawfully doing business under the authority of any law of this state,another state, or the United States as a bank, savings bank, trust company, savings and loan association, or credit union, or a subsidiary of any such entity, which subsidiary is regulated by a federal banking agency and is owned and controlled by a depository institution·A consumer reporting agency that is in substantial compliance with the "Fair Credit Reporting Act"·Any political subdivision, or any governmental or other public entity, corporation, instrumentality, oragency, in or of the United States or any state·A college or university, or controlled entity of a college or university, as those terms are defined insection 1713.05 of the Revised Code·Any entity created solely for the purpose of securitizing loans secured by an interest in real estate, provide the entity does not service the loans·A Credit Union Service Organization holding a valid Letter of Exemption issued under O.R.C. 1322.05See O.R.C. 1322.04 for additional exemptions and exclusions and more details.

Call credit unions, So will do a HELOC on investment properties.

Best national credit Union for investment properties?

I should have mentioned but I'm also open to getting a rental in Bergen, Hudson, Union and Middlesex county.

Navy FCU was not offering a HELOC secured against an investment property (i.e. non-owner occupied), neither Wells Fargo nor the several small credit unions I called were "doing investment HELOCS right now".Details:  3/2 SFR.  

I would call a number of banks and credit unions around the property and see if there are any better loan terms but this is standard.

I have 4 properties in Saratoga Springs and I went to MACU & UCCU (credit unions) and they said that they do not do a HELOC on investment properties. 

@Evan Pickvet-Hall Have you tried talking to smaller banks and/or credit unions?

I find it extremely difficult to find a bank/credit union providing <$500K multifamily loan in San Anatonio TX.

Mostly local credit union know the area and they do offer fiannces for that particular project.