Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: yrush2000 on September 10, 2006, 07:04:37 pm

Title: I need no seasoned HELOC
Post by: yrush2000 on September 10, 2006, 07:04:37 pm
Does anyone do or know of a bank doing no seasoned HELOC on investment properties.  I have a condo I just closed on. current loan 245K, appraisal is 320K. Looking to get a line of 50K if possible but do not want to use it all..... FICO 680..

Let me know...
Title: Re:I need no seasoned HELOC
Post by: zachj on September 10, 2006, 08:19:17 pm
yes this can be done..
Title: Re:I need no seasoned HELOC
Post by: 4EEM on September 11, 2006, 07:28:10 am
Citi will do it full doc or stated.
Title: Re:I need no seasoned HELOC
Post by: zachj on September 11, 2006, 11:47:19 am
Citi will not do that.  They need a 700fico for investor