Home / HELOC / DSCR HELOC
Updated September 2026
DSCR HELOC
The rent qualifies the line. No job docs.
A DSCR HELOC uses the property’s cash flow, not your paycheck. No personal income documentation. No employment docs. The guideline is up to $1M in first lien or up to $500K in second lien. Second lien is how you leave a cheap first mortgage alone and still pull equity. First lien is for when the line itself is the senior loan. Either way, this is a HELOC you repay, not a home equity investment. HELOC only in GA, FL, TN, AL, NC, SC.
The screen
| DSCR HELOC | Guideline |
|---|---|
| First lien | Up to $1M |
| Second lien | Up to $500K |
| Qualifier | Property cash flow |
| Personal income | Not required |
| Job docs | Not required |
What we fund
- Rental owners who want a line
- Investors protecting a low first-mortgage rate
- Files where the rent is the income
What we still need. Short list.
- Rent schedule or lease
- Equity inside the combined LTV screen
- Credit reviewed later, with consent
Questions
How is this different from a DSCR cash-out?
Cash-out replaces the loan. A second-lien DSCR HELOC leaves the first mortgage alone, up to a $500K line.
Do I need a 1.00 DSCR?
The line qualifies on property cash flow. The exact ratio is confirmed on the file. It is not a skipped review.
Can the line be behind my current mortgage?
Yes. That is the second-lien option, screening up to $500K.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.