HELOC which stands for HOME equity line of credit, is a consumer loan product that is supposed to be used for personal or household, not commercial purposes.

Finding a loan officer who comprehensively understands their underwriting guidelines and the nuances of real estate investments can significantly streamline the process and set clear expectations from the start.In many cases, lenders operate in a structured manner where loan officers initiate the process and then collaborate with processors to gather necessary documents and address any underwriting revisions promptly.

I have a good income producing job, however, I have a 6 member household with teens, preteens, and children who are eating up my house like Pacman, lol. 

Typically a 3-bed would have a larger living space than a 2-bed as you expect more people in the household.

Check out this article - covers your exact question comprehensively!

@Max Householder - Max I see this post is a couple of years old.  

It happened because I got laid off and we were using credit cards to stay on top of just the household bills and making sure the mortgage was paid on time.

Any info would be great I have been told that the max household income with new rentals is 105k however I see online that it is 193k.

I grew up in a single parent household.

The comprehensive renovation result is a state-of-the-art facility that not only meets but exceeds the needs and expectations of our client.