Bank won't move forward with the HELOC

[Dolev Zaharony]

Hi all,

I have 3 rental units and trying to get the 4th. We are looking to do HELOC on our main home and use that for it. My loans are in my personal name, but I recently transferred the deeds to my LLC. Since the loans are under my name, my debt to income is pretty high and the credit union is not willing to accept my tax return in order to show that these are all rentals and generate income. So they are not willing to move forward with the HELOC until all of my rentals are not showing under my name in the credit report.

Is there a way around that? Can I just call the lenders and tell them to change it from my name to my LLC? Will they ask me to pay the entire loan first?

Thanks in advance!