I am trying to find a bank or credit union that will let me get a home equity line of credit on our rental property. Are there any in utah?

Asked by Highdesertchill, Provo, UT Mon Aug 26, 2013

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Gary Parker, Agent, Kearns, UT
Mon Aug 26, 2013
I have not done a lot of these types of loans for myself; however, I know investors that have. You will have the best luck with a portfolio lender (a lender that not only originates the loan but keeps the loan in house rather than sells the loan). Their underwriting guide lines are typically less strict and they will work hard to make it work. Try local credit unions and local small banks.
Web Reference:  http://GaryParker360.com
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Dustin Brohm, Agent, Salt Lake City, UT
Mon Aug 26, 2013
Try calling Tyler Payne at Veritas Funding. He may be able to help you out... 801-810-4199

Thanks,
Dustin Brohm
"Salt Lake's Favorite Realtor"
Equity Real Estate
(801) 455-8753
Web Reference:  http://www.DustinBrohm.com
0 votes
Robynn Eccles, Agent, SLC, UT
Mon Aug 26, 2013
Try Matt Nielson 801-347-6585 American United Credit Union or Jason Quinney at US Bank 801-669-3879. They have both provided more "out of the box" programs for our clients previously.
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