Can I get a HELOC on an Oildale rental property?

Yes. Investment property HELOCs require a 680+ credit score and have a lower maximum combined loan-to-value than owner-occupied homes. Dan confirms your exact limit.

My Oildale home is older. Does that affect a HELOC?

Not by itself. Older single-family homes are eligible. The home's value, your balance, credit, and income are what determine your line.

What can I use HELOC funds for?

Anything. Repairs, remodels, debt consolidation, a down payment on a rental, or a cash reserve. If you use the funds to substantially improve the home, the interest may be tax deductible, so check with your tax professional.

HELOC in Oildale, CA

Name: Dan Ardis
Address: Bakersfield, CA, 93314, US
Telephone: (661) 342-9381
Price range: $$$
Rating: 5

Directly north of Bakersfield across the Kern River · ZIP 93308

Up to 89.99% CLTV with 700+ FICO 620 minimum credit score Close in as little as 5 business days

(661) 342-9381

Tapping Home Equity in Oildale

Oildale sits directly north of downtown Bakersfield across the Kern River, named for the Kern River oil field that put it on the map. It's unincorporated, minutes from everything in Bakersfield, and full of mid-century homes on established lots, many owned for decades.

Those long-held homes are where HELOCs make the most sense. An Oildale owner who bought 15 or 20 years ago may have a small remaining balance and a lot of equity, while still facing the repair list that comes with an older house.

What Oildale Homeowners Should Know Before Applying

The issues that come up most often on Oildale HELOC files, and how they get solved.

Long-held homes with low balances

The longer you've owned, the more of your home's value is equity. Low balances leave room under the combined loan-to-value limit, so many Oildale owners qualify for a line that comfortably covers a major project.

Older systems

Mid-century homes often need original plumbing, electrical, or HVAC replaced. Older homes are eligible like any single-family home, and a HELOC lets you draw as each project comes up.

Rentals in Oildale

Investment property HELOCs are available with a 680 minimum credit score and a lower combined loan-to-value limit than owner-occupied homes. Dan's partners can close investment HELOCs as fast as the next day on qualifying files.

How Oildale Homeowners Use HELOCs

Replacing original plumbing, electrical, or HVAC
Pulling equity from an Oildale rental to buy another property
Consolidating higher-rate debt

HELOC Program Basics

Max Combined LTV89.99% (owner-occupied, 700+ FICO, line up to $100,000)

Minimum Credit Score620 owner-occupied · 680 investment

Line Amount$5,000 to $750,000

Draw Period3 to 5 years, unlimited draws

Rate TypesFixed or adjustable

Close TimeAs little as 5 business days on qualifying owner-occupied files

Dan's Take on Oildale HELOCs

Oildale has a lot of owners with low mortgage balances and long to-do lists. That's the textbook HELOC: borrow for the roof or the sewer line, pay it down, and keep your first mortgage exactly where it is.

Dan Ardis, NMLS# 1412272 | Barrett Financial Group

Oildale HELOC Questions

Estimate your Oildale HELOC line and payment

HELOCs in Nearby Kern County Communities

HELOC in Rosedale HELOC in Shafter HELOC in Taft All Kern County communities →

Resources

Oildale HELOC Resources

LocalHELOC in BakersfieldFull program details, LTV tiers, and the Bakersfield equity picture LocalDSCR Loans BakersfieldUse HELOC equity toward your next rental CalculatorHELOC CalculatorEstimate your line and payment before you apply GuideHELOC Strategy GuideRate math, DTI impact, and smart ways to use a line

Find Out What Your Oildale Home Can Unlock

Dan runs your equity numbers in about 10 minutes. Call (661) 342-9381 or get a quote below.

(661) 342-9381