Can someone co-sign on a HELOC?

[Luke Borley]

Hello everyone,

I need some advice regarding a HELOC.

My primary residence (located in Colorado) has approx. $130k equity that i'd like to tap into and use toward more real estate. The problem is my current day job is primarily commission based that i've only worked for 8 months, therefore i don't qualify for a HELOC. I have talked to a few big banks and credit unions in my town and the short answer i've received is NO because the co-signer (my father) does not live in my household and is not on the deed.

My question: Does anybody know anywhere I can open HELOC using a co-signer?

Any guidance is greatly appreciated.

Thanks,

Luke