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HELOC for Rentals
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DCSR HELOC
A second-lien line of credit for real estate investors that lets you tap into rental property equity quickly, qualify based on property cash flow, and close in an LLC without refinancing your first mortgage.
About this loan
A DSCR-based HELOC designed for real estate investors who want fast access to equity without refinancing their first mortgage. This is a revolving second lien, underwritten strictly on property cash flow, not personal income. No tax returns, W2s, or DTI calculations. Loans close in an LLC with a personal guarantee.
Core Features
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Loan Amount: $100,000 to $500,000
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LTV: Up to 70% (purchase/rate-term), 65% (cash-out)
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CLTV with seasoning: Up to 75% after 12 months
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DSCR Minimum: 1.00
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Terms: 5, 10, or 30-year options
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Payments: Interest-only, no balloon
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Prepayment Penalty: None
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Closing Timeline: 10 to 14 days
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Minimum Draw: $1,000
Eligible Properties
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Non-owner occupied single-family homes
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Warrantable condos
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2 to 4 unit residential properties
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Must be rent-producing or capable of producing rent
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C4 condition or better
Borrower Requirements
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Must close in an LLC or corporation
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Minimum 650 FICO
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No mortgage lates in last 12 months
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Personal guarantee required
What It’s Good For
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Pulling equity without touching a low-rate first mortgage
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Creating flexible capital for new acquisitions or renovations
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Investors who want speed and minimal documentation
This program is built for investors who understand leverage and want clean access to capital without full-doc underwriting.
See if you qualify:
No Appraisal HELOC
This loan allows you to unlock your home’s equity without scheduling an in-home appraisal. Using digital valuation tools, the process moves quicker and requires less back-and-forth, helping you access funds in a shorter timeframe.
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About this loan
A No Appraisal HELOC allows homeowners and investors to access equity without a full interior appraisal. Property value is typically determined through automated valuation models and data-driven systems. This speeds up approval, reduces paperwork, and allows faster access to capital.
How It Works
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Loan is secured in second position behind your existing mortgage
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No traditional in-home appraisal required
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Fully underwritten based on property value, credit, and overall profile
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Funds are disbursed as a lump sum or structured line, depending on program
Key Features
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Loan amounts typically up to $400,000 to $500,000
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Combined Loan to Value often up to 80% to 85%
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Fixed or adjustable rate options available
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Terms commonly 10 to 30 years
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Funding in as little as 5 to 10 business days
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Minimal documentation compared to cash-out refinance
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First mortgage remains untouched
Qualification Highlights
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Minimum credit score usually 660 to 700+
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Primary, second homes, and investment properties eligible in many cases
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Income verification required for standard qualification
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Some investor programs allow rental income qualification
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Reserves may be required depending on profile
Ideal For
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Investors pulling equity for down payments
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Homeowners consolidating high-interest debt
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Renovation or value-add projects
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Accessing liquidity without refinancing a low-rate first mortgage
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Bridge financing between purchases
Advantages
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No appraisal delays
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Faster closings
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Preserve existing low interest rate on first mortgage
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Lower closing costs than full refinance
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Flexible use of funds
Considerations
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Second lien increases total monthly obligation
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Rates typically higher than first mortgage rates
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Loan amount dependent on automated valuation results
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Not ideal if property value is difficult to support via data
Bottom Line
A No Appraisal HELOC is one of the fastest ways to unlock equity while keeping your first mortgage intact. It works especially well for investors and homeowners who need capital quickly and want a streamlined approval process.