Refer to the frequently asked questions on the third slide. https://www.hud.gov/sites/dfiles/SFH/documents/MO_203k_Progr...

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Finding an agent that knows the market and can find you properties that provide a profit (for both of you) is worth the effort.One more thing about the contract . . . be sure to read the ENTIRE document and ask for clarification is needed. 

These lenders often have more flexibility with underwriting and may not require traditional income documentation.

LLC/ Corporation documentation (Must be a US based corporation or LLC) Most lenders may require a minimum credit score of 650 for this program if the borrower has US credit. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

So we signed the documents and paid the closing costs.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Addressing Housing Demand -California’s housing shortage is well-documented, and SB 9 directly targets the problem by promoting small-scale, incremental density increases.

Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.