Most non-QM HELOC lenders look for a credit score around 620 to 680, though some portfolio lenders go as low as the mid-500s when you have strong equity. That’s generally more forgiving than a traditional bank HELOC, which often wants 680 or higher. Your credit score is only part of the picture, as non-QM lenders … Read more
Yes, you can usually get a HELOC on a home held in a revocable living trust. Many home equity lenders allow it, because you still control the trust and can change it anytime. You’ll need to give the lender a copy of your trust documents, and you may need to sign both personally and as … Read more
The best HELOC loan for a self-employed borrower is almost never a conventional bank home equity line of credit. It’s a 2026 alternative-documentation program that underwrites your cash flow instead of your tax returns. These low-doc HELOCs are especially beneficial for self-employed borrowers who may have irregular income patterns and need flexible borrowing options. What … Read more
Yes, you can use a HELOC for a down payment and many people do. A home equity line of credit or HELOC lets you borrow against the equity in a home you already own, and you can use that money for almost anything, including the down payment on another property. Here’s how it works in … Read more
If you want money to cover a major expense in 2026, a good option is an interest-only HELOC. Homeowners love the HELOC with an interest-only payment because it has a revolving credit line based on your home’s equity, and the money can be used for anything from paying for college tuition to credit card bills … Read more
In 2026, most borrowers get a HELOC in two to six weeks from the day they apply to the day they can spend the money. Some online home equity lenders move much faster, as little as five days. Some traditional banks take longer six to eight weeks, depending upon credit and type of appraisal required. … Read more
What Is a Good HELOC Rate Right Today? As of July 13, 2026, a competitive HELOC rate is at or below roughly 7.25%, and anything under 7% is excellent. HELOC rates in 2026 are roughly a full percentage point below where they were in mid-2025, and dramatically below the 9%–10% levels of 2024. The Federal … Read more
Yes , homeowners are allowed to take out a home equity line of credit or HELOC on an investment property, but expect a smaller pool of lenders and tighter underwriting than on a primary residence. Most lenders that approve investment property HELOCs want a 700–740 credit score, a combined loan-to-value ratio of 70% to 75%, … Read more
Many homeowners have been using a HELOC to consolidating debt and refinance high interest accounts. Americans hold trillions in debt, including mortgages, auto loans, credit cards, and student loans. Some debt can be important to help you achieve financial goals. But high-interest debt, such as credit card balances, can be a major drag on your … Read more
In today’s evolving mortgage market, many borrowers find that traditional lending guidelines simply don’t fit their financial profiles. This is especially true for self-employed individuals, real estate investors, and retirees with non-traditional income sources. Here comes the Non-QM HELOC—a flexible, innovative financial solution that opens the door to home equity for those who don’t meet … Read more
Quick Links
Loan Types
Home Equity Mart
308 East Park Avenue, Suite 214 Tallahassee, Florida 32301
© 2023 Home Equity Mart . All rights reserved