Put trapped rental equity to work
Landlords often have large equity in paid-down or appreciated rentals but few ways to reach it without a full cash-out refinance. A business-purpose HELOC can sit behind the existing mortgage and turn that equity into capital for your next acquisition, renovation reserves or other business use.
Investment property guidelines
- Non-owner-occupied properties are generally limited to a 1st or 2nd lien
- 1st lien: generally up to about 80% combined loan-to-value (CLTV)
- 2nd lien: generally about 70% CLTV, with standard amounts scaling from roughly $200K to $350K with credit
- Credit: generally 680+
- The property must have been owned at least 90 days
- Loans over $400,000 need a full appraisal
Eligible property types
- Single-family homes, townhomes and PUDs
- Condominiums
- Duplexes and eligible 3–4 unit properties
Not eligible: 5+ unit buildings, mixed-use or commercially zoned property, manufactured homes, co-ops and leasehold property.
HELOC on Investment Property: terms at a glance
| Line amount | $25,000 – $750,000 for qualified applicants ($35,000 minimum in Texas) |
|---|---|
| Lien position | 1st, 2nd or eligible 3rd |
| Occupancy | Primary residence, second/vacation home or investment property |
| Terms | 10, 15, 20 or 30 years, fully amortizing |
| Funding | Generally fully drawn at closing; repaid principal may be redrawn |
| Credit | Primary residence tiers from about 600 FICO in limited cases; second home or investment generally 680+ |
| Max CLTV | Up to about 85% (primary, 1st lien); about 70–80% for investment property |
| Prepayment | No standard prepayment penalty |
| Use of funds | Legitimate business purpose only |
The Business-Purpose HELOC is offered through a third-party lending partner. Win-Win Capital Funding, LLC is an independent referral partner and may be compensated for applications submitted through this site. Win-Win does not make credit decisions. All loans are subject to credit approval, verified income, debt-to-income requirements, collateral review, title, valuation, state availability and other underwriting requirements, and terms may change without notice. Business-purpose use is required. A hard credit inquiry may be required. Borrowing against real estate places the property at risk if payments are not made.