Investment Property HELOCs in Texas
Use equity from rental or investment properties to fund improvements, acquisitions, or for project cash flow.
Investment Property HELOCs in Texas. Use equity from rental or investment properties to fund improvements, acquisitions, or project cash flow. What is a HELOC on an Investment Property?
An Investment Property HELOC* is a revolving credit line secured on a non-owner-occupied residential property.
It's funding for whatever an investment property owner needs, whenever they need it.
Who it’s for
- Landlords and long-term rental property owners
- House flippers & rehab property investors
- BRRRR ( uy, ehab, ent, efinance, epeat Buy, Rehab, Rent, Refinance, Repeat ) investors bridging to refi
- Real estate investors looking for down payment assistence
Why it’s useful
- No minimum draw, with simple debit card style usage option
- No restrictions on how you use the funds
- Typically lower interest than unsecured lending options
- Re-use the credit line without re-applying
Who it’s for
- Landlords and long-term rental property owners
- House flippers & rehab property investors
- BRRRR ( uy, ehab, ent, efinance, epeat Buy, Rehab, Rent, Refinance, Repeat ) investors bridging to refi
- Real estate investors looking for down payment assistance
Why it’s useful
- No minimum draw. Access only the funds you need.
- No restrictions on uses of financed capital
- Typically lower rates than unsecured lending options
- Re-use for the life of the credit line without re-applying
Investment Property Line of Credit vs Other Funding Options
Compare an Investment Property HELOC to a cash-out refinancing, personal loans, and credit cards. This highlights how each option typically differs in funding pattern, APR tiering, and line re-use.
Funding Pattern
Investment Property HELOC Draw as needed
Cash-Out Refi Lump sum
Personal Loan Lump sum
Credit Card Revolving
Typical APR Tiering
Investment Property HELOC Lower than unsecured
Cash-Out Refi Mortgage-like
Personal Loan Higher
Credit Card Highest
Credit Line Re-Use
Investment Property HELOC Yes
Cash-Out Refi No
Personal Loan No
Credit Card Yes
An “Investment Property HELOC” refers to Home Equity Line of Credit-style financing that is secured by an investment property (non-primary residence) in Texas.
Why Get Your Investment Property HELOC with CUTX?
Lock in low rates today & borrow funds to cover improvement projects or to make new investments.
- Fast closing: Often in 7–10 days
- Same-day funding may be available
- Tap your investment property equity quickly
- Flexible capital for large projects or smaller expenses
Investment Property HELOC questions?
We can help.
Monday - Friday 9AM - 6PM
and Saturday 10AM - 2PM CST
Talk to an Investment Property HELOC Specialist
972-301-1989
Get an Investment Property HELOC consultation
Eligible Properties & Basic Requirements
Baseline property types, lien position, and credit guidelines investors ask about first.
Properties
- Non-owner-occupied residential properties
- Geography: Anywhere in the state of Texas
- First lien properties
- Non-owner-occupied residential properties
- Geography: Anywhere in the state of Texas
- First lien properties
How It Works
- Apply: Provide borrower and property details (and entity docs if applicable).
- Valuation & title: Virtual, Drive-by, or interior appraisal; title/insurance review.
- Close & access: Draw funds as needed with no minimum.
- Draw & repay: Use funds during the draw period; amortize in repayment.
Turn times: Average close 7–10 days; same-day funding after close may be available.
- Apply: Provide borrower and property details (and entity docs if applicable).
- Valuation & title: Virtual, Drive-by, or interior appraisal; title/insurance review.
- Close & access: Draw funds as needed with no minimum.
- Draw & repay: Use funds during the draw period; amortize in repayment.
Turn times: Average close 7–10 days; same-day funding after close may be available.
Use Cases for Investors
Common ways investors deploy an Investment Property HELOC to move faster and keep costs down.
- New construction costs (build-out phases, materials, labor)
- Renovations & make-ready before listing or re-tenanting
- Bridge to acquisition (down payments, option money)
- Finish a flip (materials, contractors, carrying costs)
- Portfolio moves (retire higher-APR debt, add doors)
- New construction costs (build-out phases, materials, labor)
- Renovations & make-ready before listing or re-tenanting
- Bridge to acquisition (down payments, option money)
- Finish a flip (materials, contractors, carrying costs)
- Portfolio moves (retire higher-APR debt, add doors)
Rental Property Repairs
A popular use of a HELOC-style line of credit on a non-owner-occupied home is to pay for major rental repairs, such as HVAC replacement, roof work, plumbing fixes, or make-ready updates between tenants.
Renovate to Raise Rent
Many Texas landlords utilize an investment property HELOC to fund value-add upgrades, such as kitchen renovations, bathroom updates, new flooring, and curb appeal enhancements, aimed at increasing rent and occupancy rates.
Vacancy and Turnover Costs
A rental property HELOC can help bridge cash flow during vacancies by covering mortgage payments, utilities, cleaning, and minor repairs while you prepare the home for the next tenant.
Small Multifamily Improvements
If you own a duplex, triplex, or fourplex in Texas, an investment property HELOC can provide flexible funds for unit turns, common-area improvements, and ongoing maintenance across multiple doors.
Short-Term Rental Upgrades
For Airbnb and vacation rental owners, a non-owner-occupied line of credit can help cover the costs of furnishings, safety updates, and guest-ready improvements such as new appliances, exterior lighting, or patio upgrades.
Down Payment and Earnest Money
Some real estate investors use a revolving line of credit to access funds for a down payment or earnest money when buying another property, then pay it back as they refinance or stabilize the new rental.
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HELOC for Investment Properties FAQs
Can I get a HELOC on a rental property?
CUTX offers qualified borrowers the option to open investment property HELOCs. Talk to our HELOC team today to see if you qualify.
How fast can I close and draw?
Average close is within 7–10 days; same-day funding after close may be available.
What can I use the funds for?
Fund can be used for any purpose, including renovations/make-ready, acquisitions and down payments, finishing a flip, or consolidating higher-APR business debt.
Do you offer investment property HELOCs on second lien properties?
No. This product uses first-lien position only.
Why CUTX?
I’ve been a member for almost 30 years, I can’t imagine banking anywhere else. You’re more than another account at CUTX, you’re a member, you’re a family.
Elsa H.
Great services, excellent staff.
Syed W. H.
Friendly and attentive staff. Paydays come early and the fact that they care for the little guys is definitely my favorite thing about this bank. Definitely the go-to-spot if you’re interested in growing your financial reach.
Xavier H.
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*Fixed rate Investment Property HELOC: The loan offers draw periods of 5 years or 10 years, followed by a repayment period. During the draw period, interest-only payments are required. The loan will be re-amortized at the start of the repayment period. If you make only the required interest payments during the draw period, the principal balance of the loan will not decrease.
Variable rate Investment Property HELOC: Credit Union of Texas offers a variable Annual Percentage Rate (APR) based on the Prime Rate as published in the Money Rates section of The Wall Street Journal (the “Index”) plus a margin based on creditworthiness and credit limit. As of December 11, 2025, the index value is 6.75%. The floor APR will be 3.00%. An increase in the Index will result in an increase in the periodic rate which, in turn, will result in higher payments. In no event, will the APR increase by more than 18% or the maximum rate allowed by applicable law. This is a limited time offer and is subject to change at any time without notice.
There is no minimum advance during the draw period. Property insurance is required, including flood insurance where applicable. Properties under this program are limited to 75% combined loan to fair market value (CLTV). All loans are subject to credit approval and Credit Union of Texas lending policies. Other restrictions may apply. Actual time of funding closing may differ depending on appraisal, title and other underwriting requirements. The account is subject to application, credit qualification, and income verification; additional evaluation and verification criteria may apply. CUTX home loan programs are only available in Texas. Borrower will be responsible for certain closing costs, as required, which may include, but not limited to, appraisal and title policy fees. Other restrictions, terms and conditions may apply. NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703 . Membership required.