us No-income check loans for California Home Equity Lines of Credit (HELOCs). We primarily offer loans in large cities (see counties below); everything outside of these areas requires an exception, which can be obtained. Exceptions are available if people have reserves in their bank accounts, such as a 401K, retirement funds, or any other liquid assets. this No Income Check HELOC Available to those who are self-employed, unemployed, retired or without a steady income stream and do not qualify for an income-tested HELOC. When we say no revenue, we mean no revenue. We do not state income on mortgage applications; the entire process is based on equity in the property. For a true no-income HELOC, the maximum loan-to-value ratio is 50%; as long as there are no late payments on your credit report, we don’t put too much emphasis on credit scores. If you only own one property, no income check home equity does require a 12-month reserve fund. If someone owns more than one property, the reserve can only be reduced for a maximum of six months. No-income-check home equity lines of credit are available for all residence types, including primary residences, second homes, and investment properties. Again, the maximum loan ratio is 50%.
TRUE NO INCOME HELOC is available in California, but only in these counties. If your property is not located in these counties, we also offer other types of non-QM HELOCs.
- san francisco county
- Alameda County
- san mateo county
- santa clara county
- sacramento county
- contra costa county
- Los Angeles County
- orange county
- Riverside County
- san bernardino county
- san diego county
We do offer other no income check programs such as bank statement process or a DSCR Thermolock. Still, those specific home equity credit products require documentation like bank statements or rental income to qualify for a loan, and those non-QM home equity lines of credit have a maximum loan-to-value ratio of 90 percent.
- Maximum loan amount is $2 million
- Can be in first or second position
- No credit score required
- No income required
- Can be closed within the trust, even irrevocably.
To learn more about our no-income-checking home equity lines of credit in California, touch Our office and we will send a representative to see if you qualify.
