HELOC options for 2nd home 2024!

[Adam Cole]

Hello!

I am struggling to find the right option for a HELOC on my second home in Northern Michigan. I currently have about 300k in equity in the home and I want to utilize it.

I AirBNB the property 25% of the year and occupy it 50% of the year. 

Currently I am trying to get through the process with Flagstar but I am hitting a wall with my DTI and they are stating they are unable to use the income from Airbnbing as part of my income even though I report it.

Any help is greatly appreciated!

Adam