This particular home equity line of credit is different than the traditional 30-year loan. This loan has max 3-year term. It does not have a credit score requirement, nor does it require income. True no income home equity line of credit, HELOC.

You have the flexibility to access funds up to the limit whenever needed. Even if you pay off the balance completely, the line of credit remains open, allowing you to continue drawing funds as necessary. This ensures quick and dependable access to cash for a range of purposes throughout the duration of the credit line.

• LTV/CLTV up to 65%
• You only pay on the amount you use; it is a true revolving line of credit.
• No prepayment penalty or early closure fee.
• No debt-to-income requirement and no tax returns required.
• No one overseeing your project; you use the funds as you see fit.
• Lines to be secured against non-owner residential properties or commercial.
• Lines may be secured with a primary residence if it is used for business purposes.
• Competitive rates. Unlike a regular private money loan, you are not paying interest on the portion that is not used, making your effective cost much less than full cash.
• Terms are 1-3 years. An extension fee is available to keep the line active with approval prior to maturity. In most cases, you will not have to pay title/escrow/appraisal again.
• Up to $5 Million loan amount.
• Only available in CA, FL and NY

This HELOC is only available in 3 states, California, Florida, and New York. Contact our office for information about this No Doc home equity line of credit. We specialize in private money lending and this HELOC is just that a private money home equity line of credit.