Ownership rules
- Individuals and joint owners: potentially eligible
- Revocable trusts: potentially eligible with full trust documents
- LLCs: potentially eligible where allowed; the borrower generally must own at least 25% and may need a certificate of good standing
- New York and Texas LLCs: not currently eligible
- Georgia: the property cannot be vested in an LLC (title stays in your name), but the borrower must have an LLC to be eligible
- Florida non-owner-occupied and second homes: specific LLC requirements apply
- Powers of attorney are not accepted
Other title owners or a spouse may still need to sign the security documents because of title, homestead or community-property rules.
HELOC for LLC-Owned Property: terms at a glance
| Line amount | $25,000 – $750,000 for qualified applicants ($35,000 minimum in Texas) |
|---|---|
| Lien position | 1st, 2nd or eligible 3rd |
| Occupancy | Primary residence, second/vacation home or investment property |
| Terms | 10, 15, 20 or 30 years, fully amortizing |
| Funding | Generally fully drawn at closing; repaid principal may be redrawn |
| Credit | Primary residence tiers from about 600 FICO in limited cases; second home or investment generally 680+ |
| Max CLTV | Up to about 85% (primary, 1st lien); about 70–80% for investment property |
| Prepayment | No standard prepayment penalty |
| Use of funds | Legitimate business purpose only |
The Business-Purpose HELOC is offered through a third-party lending partner. Win-Win Capital Funding, LLC is an independent referral partner and may be compensated for applications submitted through this site. Win-Win does not make credit decisions. All loans are subject to credit approval, verified income, debt-to-income requirements, collateral review, title, valuation, state availability and other underwriting requirements, and terms may change without notice. Business-purpose use is required. A hard credit inquiry may be required. Borrowing against real estate places the property at risk if payments are not made.