Borrower & Property Guides

Not every HELOC works the same way for every borrower or property type. These guides explain how the five digital HELOC programs handle specific situations — from self-employment to investment properties to condos.

Income & Qualification

Self-Employed Borrowers

How each program handles business income, bank statements, and linked accounts.

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DSCR Income

Debt-service coverage ratio qualification — currently available through Deephaven.

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Co-Borrower Credit Differences

Programs differ on which borrower's score controls the transaction.

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Low Credit Score

Which programs go below 680 and what changes at lower credit tiers.

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Property Type

Investment Property

CLTV, seasoning, rental income, and LLC rules vary dramatically across programs.

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LLC-Owned Property

Only two programs currently accept LLC vesting. Here's what that means.

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2–4 Unit Properties

Multi-unit eligibility and credit requirements by program.

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Condos

Warrantable vs. non-warrantable condo treatment across programs.

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Second Homes

Second-home CLTV limits and program availability.

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Rural & Acreage Properties

Acreage caps and rural overlays differ significantly by program.

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Timing & Situation

Recently Purchased Home

Ownership seasoning requirements vary — some programs allow very short seasoning.

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Property Listed for Sale

Several programs restrict or exclude properties currently or recently listed.

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Use of Funds

Debt Consolidation

How payment structure and initial draw requirements affect debt payoff.

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Home Improvement

Draw period and line reuse matter more than rate when funding phased renovations.

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Your situation is specific. The comparison should be too.

Send Morgan the basics once. He'll identify which programs are relevant and help you compare the actual results.

Shop My HELOC Options

Program availability and qualification vary by borrower, property, provider and state. This information is educational and is not a loan approval, commitment or guarantee.