Penfed.org a credit union based out of OR I believe will go up to 80% LTV with a 2nd position HELOC but the problem is they have a limit on the number of total financed properties at 3 max including your primary (last I checked with them).

call all the banks and credit unions in the area.

Many people have posted that they have credit unions local to the properties with great terms. 

I'd make appointments with a couple local banks and credit unions and go over your situation to see what they can approve you for.

Unless there's an actual provision in your specific loan agreement that prevents you from renting it out for 1 year, it's not an actual requirement, just "gouge," to use the military jargon, that people like to throw around as a rule of thumb.The point of the VA Loan is to provide service members and veterans the opportunity to purchase a primary residence. 

*Reposting on the Maryland forum*Hi all,I am looking to get a HELOC on my primary to expand my rental portfolio and I came across Andrews Federal Credit Union with the following terms (property is in CA):The contact said they can go as high as 100% LTV after approval of appraisal ($450).

Try Local Banks & Credit Unions first, don't skip any.

Most big banks will follow FHA guidelines, but some of the local banks / credit unions have more aggressive products and can lend with higher LTV or DTI limits once you have some experience.

If you can do 4-5% down payment and have a decent credit score, most local lenders (mortgage brokers, credit unions, local banks) will be able to offer you a way better (overall) deal than an FHA loan.

My friend (also military) has told me that I can refinance and lower my payment and I should at least wait to hit the year mark.