Financing in Arleta>Question Details

FRJ_RAM, Both Buyer and Seller in Glendale, CA

Looking for HELOC Lender for non-owner SFR in Arleta, CA

Asked by FRJ_RAM, Glendale, CA Sat Jul 11, 2009

I'm looking for a Lender that is doing HELOC for non-owner Single Family Residence in Arleta, CA. The house is free and clear but it has an existing HELOC with Wells Fargo since August 2008 and I only borrowed a small $22K. The reason why I'm looking for another one is because Wells Fargo only approved $74K on a first loan. That's only 25% LTV. I took it anyway to avoid denial record on my credit, but not happy with it. My fico score is 740 and my debt ratio is only 35%. After one year, I'm looking again for a Lender that is willing to do a higher LTV on a first lien. Anyone, please let me know. Thanks

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From past experiance I had, I think you need to contact a private investor.

Look at this blog it will help you to learn more about your situation.
I've got most of my answers there as well.

Good Luck.
0 votes Thank Flag Link Tue Jul 21, 2009
You can contact a hard money lender.
Go to this site and they will help you
Web Reference: http://hardmoneyloans.org
0 votes Thank Flag Link Mon Jul 20, 2009
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