HELOC On A Home Held In A Trust
Your home can stay in your revocable living trust while you open a home equity line of credit, and everyone on title signs. At least one HELOC we offer has lines from $5,000 to $750,000, with lines above $500,000 limited to a primary home and a 700 score.
What a HELOC on a trust-held home requires
Each item below is a requirement of at least one HELOC we offer.
- An inter vivos (living) revocable trust can hold title.
- Everyone who holds title must sign the security instrument.
- Title holders whose income is not used do not sign the application or the note.
- The home must be owned in fee simple.
- An LLC or other entity cannot hold title.
- Trust ownership is not allowed in New York.
Keep your trust in place
Every owner signs the lien
Only income signers sign the note
Lines from $5,000
First or second lien
No LLC or entity title
Can You Get A HELOC If Your Home Is In A Trust?
Yes. At least one HELOC we offer accepts an inter vivos revocable trust as title holder, and another accepts homes owned by a trust.
Both HELOCs we offer allow a home held in a trust. One names the inter vivos revocable trust as an eligible title holder and does not accept an LLC or other entity on title. The other requires the home to be owned by individuals, a trust or an LLC, in fee simple. Either way, the product is a line of credit that is mostly or fully drawn at closing: at least 75% at one program and the full line at the other.
Signing works differently at each. At one program, every person who holds title signs the security instrument, but only those whose income is used sign the application and the note. At the other, the application comes from one individual, and every trust owner signs the security instrument as an additional signer.
Timing and location matter too. At least one program declines a home if the applicant was added to title in the last 90 days, or if the home was held in an ownership type it does not support in the last 90 days. That program also does not allow trust ownership in New York. If you need a first mortgage on a trust-held home, see our living trust home loan page.
Why choose Saxton for a HELOC on a trust-held home
This page is for homeowners whose home is titled in a revocable living trust and who want a line of credit without taking the home out of the trust.
Your Trust Stays In Place
At least one HELOC we offer accepts an inter vivos revocable trust as the title holder, so the home does not need to be retitled.
Every Owner Signs The Lien
All title holders sign the security instrument. At one program, those whose income is not used do not sign the application or the note.
One Applicant Or Several
One program takes a single individual applicant. The other allows co-borrowers, so more than one person can apply.
Lines From $5,000
At least one program offers lines in that range in first or second lien position. Lines over $500,000 are for a primary home and need a 700 score.
Ownership Is Checked Up Front
At least one program matches the applicant’s name to ownership records. If the names do not match, you may be asked for more information, and the file is declined only if ownership cannot be verified.
No LLC Or Entity Title
One program does not accept an LLC or other entity on title. The other does not allow trust ownership in New York.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about a HELOC on a home held in a trust.
Usually not. One HELOC we offer lists an inter vivos revocable trust as an eligible title holder, and the other accepts homes owned by a trust, except in New York.
Everyone who holds title signs the security instrument. At one program, title holders sign the application and note only if their income is used to qualify. At the other, every trust owner signs as an additional signer.
One program we offer names only the inter vivos revocable trust as an eligible trust. If your trust is irrevocable, tell us how it is set up before you apply.
No. At least one program does not allow trust ownership in New York. Availability also depends on the state where the home is located, because the broker must be licensed there.
At least one program declines a home if it was held in an ownership type the program does not support in the last 90 days, or if the applicant was added to title in the last 90 days. If title changed recently, talk with us before you apply.
No. At least one program accepts applications only from individuals and does not allow entity borrowers. The other lists an inter vivos revocable trust as an eligible title holder, and the borrowers it lists as eligible are individuals: U.S. citizens and resident aliens.
At least one program accepts single family homes, 2 to 4 units, PUDs and condos. Manufactured homes, co-ops, condotels, log homes, mixed use and agricultural properties are not eligible.
Find out what you qualify for
Tell us how your trust holds title and we will show you the HELOC options that fit.
Get Pre-Qualified- Consumer Financial Protection Bureau, home equity loan compared with a HELOC
- Consumer Financial Protection Bureau, mortgages
Loan amounts, rates, terms, and eligibility are subject to credit approval, asset and income verification, appraisal, and program guidelines. Draw requirements and variable rate terms apply. Program availability varies by state. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.