---
title: HELOC on an investment property in North Carolina
description: "Yes, you can get a HELOC on a rental property or a second home, and most banks will not tell you that because most banks do not offer one. Tom works with lenders that do: up to 85 percent combined loan-to-value, $25,000 to $750,000, with funding in as little as one day on non-owner-occupied properties."
canonical_url: https://www.homeloannc.com/heloc/investment-property
last_updated: "2026-11-12"
---

# [HELOC on an investment property in North Carolina](https://www.homeloannc.com/heloc/investment-property)

> Yes, you can get a HELOC on a rental property or a second home, and most banks will not tell you that because most banks do not offer one. Tom works with lenders that do: up to 85 percent combined loan-to-value, $25,000 to $750,000, with funding in as little as one day on non-owner-occupied properties.

- **Updated:** 2026-11-12
- **Combined LTV:** Up to 85%
- **Loan amount:** $25k – $750k
- **Minimum FICO:** 600
- **Funding:** As fast as 1 day

## Contact

- **Phone:** 910-520-6402
- **Address:** 2030 Eastwood Rd #12, Wilmington, NC 28403
- https://www.homeloannc.com/contact

## Actions

- [Request a quote from Tom Laakmann](https://www.homeloannc.com/contact)
  - No credit pull to review a scenario. Rates are quoted per property, not published.

## How it works

The process is online from start to finish. A soft credit pull, which does not affect your score, produces real offers in minutes. The property is valued by an automated model, so no appraiser has to visit and no tenant has to be disturbed. Income is verified electronically.

You choose the amount and the term, sign with a remote notary where the county allows it, and the funds are wired to your bank.

## The terms

- Up to 85% combined loan-to-value across all liens on the property
- $25,000 to $750,000
- Minimum FICO score of 600
- 10-, 15-, or 30-year terms, fixed or variable rate
- First, second, or third lien position
- Title can be in your name, a trust, or an LLC
- No prepayment penalty

## Why investors use it

- A down payment for the next rental, without selling anything
- Renovation money for a value-add project
- A fast close on a deal that will be refinanced later
- Keeping a low first-mortgage rate that a cash-out refinance would wipe out

## HELOC or DSCR cash-out refinance?

|  | HELOC on the rental | DSCR cash-out refinance |
| --- | --- | --- |
| Existing mortgage | Stays in place | Paid off and replaced |
| Qualifies on | Your income, verified electronically | The property's rent |
| Maximum leverage | Up to 85% combined | Typically 70–75% |
| Speed | Days | About three to four weeks |
| Valuation | Automated, no visit | Full appraisal |
| Best when | Your first-mortgage rate is low | The property is free and clear, or your income is hard to document |

## What can get in the way

The HELOC qualifies on your income, so if your tax returns show very little, the DSCR route may suit you better. One borrower is allowed on the loan, although a spouse's income may be counted. And because the value comes from an automated model, an unusual property can come in lower than a human appraiser would put it.

Tom will tell you at the outset which path is likely to produce more cash at a lower cost.

## Can you get a HELOC on an investment property?

Yes. Many banks do not offer them, but Tom works with lenders that write HELOCs on rental properties and second homes in North Carolina, up to 85 percent combined loan-to-value.

## How much can I borrow against a rental property?

From $25,000 to $750,000, up to 85 percent of the property's value when combined with any existing mortgage.

## Is it harder to get a HELOC on a rental than on my home?

Fewer lenders offer it, and pricing is higher than on a primary residence. With the right lender the process is the same: online, soft pull to start, no in-person appraisal.

## Can I get a HELOC on a property owned by my LLC?

Yes. Properties titled in an LLC or a trust are eligible.

## How fast can a HELOC on an investment property fund?

As fast as one day after closing on second homes and investment properties, because the waiting period that applies to a primary residence does not apply.

## Will applying hurt my credit score?

Seeing your offers uses a soft pull, which has no effect on your score. A hard inquiry happens only if you decide to go ahead.

## Related

- [HELOC overview](https://www.homeloannc.com/heloc)
  - How the 5-day HELOC works.
- [DSCR cash-out refinance](https://www.homeloannc.com/dscr/cash-out-refinance)
  - The no-income-docs alternative.
- [Investment property loans](https://www.homeloannc.com/investment-property-loans)
  - Every option for an NC rental.
- [DSCR loans](https://www.homeloannc.com/dscr)
  - Finance the next purchase on its rent.