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Updated over 5 years ago,

User Stats

6
Posts
2
Votes
Ana Huffer
  • Residential Real Estate Broker
  • Plantation, FL
2
Votes |
6
Posts

Stated income HELOC?

Ana Huffer
  • Residential Real Estate Broker
  • Plantation, FL
Posted

We'd like to get a HELOC to be able to have money to put down with a HML in order to be able to purchase a property to fix and flip.

We have about $150k in equity in our personal home.  We have credit scores in the mid-700's and low debt.  However, we are both self-employed and take all possible deductions so income does not show to be very high.

Does anyone do stated income, no doc or low doc HELOC's?

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