Zillow Advice: Home Equity Loans - Do I have to own a property for a certain period of time before applying for an equity loan? http://www.zillow.com/advice-thread/Do-I-have-to-own-a-property-for-a-certain-period-of-time-before-applying-for-an-equity-loan/467660/ Zillow Advice | Zillow Real Estate You could still get HELOC. Currently ... http://www.zillow.com/advice-thread/Do-I-have-to-own-a-property-for-a-certain-period-of-time-before-applying-for-an-equity-loan/467660/ You could still get HELOC. Currently not many banks offer that for investment properties though. If they do, for properties purchased within a year, they would use your purchase price as the value. So if you bought it at a deep discount, do not expect to get a lot out of it. Thu, 08 Nov 2012 18:15:00 GMT http://www.zillow.com/advice-thread/Do-I-have-to-own-a-property-for-a-certain-period-of-time-before-applying-for-an-equity-loan/467660/ 2012-11-08T18:15:00Z