Use the equity in your rental
HELOC on Rental and Investment Property
Own a rental with equity built up? A HELOC is a line of credit secured by that equity. The Funding Clinic is a mortgage broker that helps real estate investors look for HELOC options on rental and investment property where a lending partner offers them.
The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM
01 / Understand the loan
What to Know About HELOC on Investment Property
Equity in a rental is money you may be able to put to work.
A home equity line of credit, or HELOC, lets you borrow against the equity in a property you own. Equity is the difference between what the property is worth and what you still owe. For an investor, that can mean using the equity in a rental to pay for repairs, to fund a down payment on the next purchase, or to keep cash in reserve. You are approved for a credit limit and draw from it as you need it.
Many banks only offer a HELOC on the home you live in, so options for a rental can be limited. Some lending partners do offer them on investment property. Terms, limits, and costs differ by lender, and many HELOCs have payments that can change over time. The property is the collateral, so missing payments could put it at risk.
Availability, eligibility, and terms vary by lender, property, and state. Nothing on this page is a commitment to lend or a rate quote.
02 / See how it fits
Who It Helps
- Investors with equity in a rental or small multifamily property
- Owners who want funds for repairs or upgrades to a rental
- Investors who want a down payment for the next purchase without selling
- Owners comparing a HELOC, a home equity loan, and a cash-out refinance on a rental
What to Have Ready
Requirements differ by lender and program. These items often come up:
- A completed loan application and credit authorization
- The property address and an estimate of its value
- Your current mortgage statement or statements
- The current lease or rent information
- Entity papers if the property is held in an LLC
- Proof of reserves
03 / Wherever your property is
HELOC on Investment Property Beyond Los Angeles
We work with borrowers by phone and video, so you can book a call from wherever your property is. Whether a program is available depends on the lender, the property, and the state, so tell us where the property is and we will tell you what may fit.
Based in Los Angeles? See HELOC on Investment Property in Los Angeles or see where we work.
04 / A little clarity
Common Questions
Can I get a HELOC on a rental property?
Some lending partners offer them. Availability depends on the lender, the property, your qualifications, and the state. We can tell you what may be available.
Do I have to live in the property?
Many HELOCs are limited to a primary home. Some programs allow rental or investment property. We can tell you what may fit.
How is a HELOC different from a home equity loan on a rental?
A HELOC is a line of credit you draw from as needed. A home equity loan is a lump sum repaid on a set schedule.
HELOC or cash-out refinance on a rental property?
A HELOC is a line of credit and leaves your current mortgage in place. A cash-out refinance replaces your current mortgage with a new, larger one. The better fit depends on your current loan and your goals.
How do HELOC rates work?
Rates vary by lender, property, and borrower, and many HELOCs have rates that can change over time. We do not list rates here. Call for current options.
Is my property at risk?
A HELOC is secured by the property, so missing payments could put it at risk. Borrow only what you are confident you can repay.
05 / Explore your options
Related Loan Options
Know Who You’re Working With
The Funding Clinic is a mortgage broker. We arrange loans funded by third-party lenders. View our BBB business profile to learn more about our company. Read our Google reviews
Your next move starts here
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The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM