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Any FL lenders doing a HELOC to 85%?

I am looking for a lender to do a 10-15% HELOC on my primary residence in South Florida.  THat will take the total LTV to just under 85%.   Any ideas of who to call?
  • June 19 2010 - US
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Answers (3)

I don't know any lenders who are still doing HELOCs, but you can do a cahs out FHA mortgage up to 85% LTV. This would probably lower the monthly payments on your mortgage. The closing costs are higher then a HELOC. Check out FHA.com for lenders.
  • December 03 2010
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I know a lender that will do up to 89% on a HELOC.

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  • November 24 2010
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Your best hope will probably be a Credit Union, google credit unions in Florida and go on a bunch of websites looking for 85 or 90% Lines of Credit. Below is a link to one BUT the rate page says rates effective April 2009, strange. I called their 800 # and a recording said they are experiencing high call volumes so looks like they still exist. Good luck.

April, 2009?

  • June 19 2010
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