Credit Required For Heloc

[Christopher Haynes]

Hello Everybody

I Had a bit of a thought and any feed back would be greatly appreciated. I just recently purchased a home thru seller financing (my second one I think im developing a talent for it) this home has a value of 30k when the reno is done it will bring in decent rent for Baltimore City (900 to 1100). When I Set this deal up the seller agreed to not have a mortgage lien on the property only a unsecure promissory note. My income is good but My credit is not the best and I am in the process of reparing it now but I was considering adding my mother's name on the home and having her take out a home equity line of credit for 21k as some capital to put into my business. her credit is about 650-670 and her DTI is very low. I just wanted to know A) Do you think a lender would have an issue with this and B) at 650 to 670 would be to low of a score to get a Heloc . I am open to refinancing the property but I prefer the heloc .

Any feedback would be great

Thanks

Christopher Haynes