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Updated about 13 years ago on . Most recent reply

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M W
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HELOC for unemployed?

M W
Posted

I inherited a property worth 300k free and clear, but need 20-30k to close the estate and pay off some debts. I tried applying for some HELOCs from various banks, but being currently unemployed I don't meet their debt to income ratio, or income requirements. I have a great credit score 750+.

The house is for sale on the market now, but it seems like it won't sell for the next 3-4 months. What kind of loans could I get in my situation?

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