HELOC On An LLC-Owned Property
A home equity line of credit on investment property held in an LLC. At least one program allows it, while a primary home held in an LLC is not eligible.
What you need to qualify
Each item below is a requirement of at least one program that accepts LLC-owned property.
- The property is a second home or investment property, not your primary home.
- The LLC is registered in the U.S. and in good standing.
- You own at least 25% of the LLC.
- Every owner of the LLC is a person, not another company or trust.
- The LLC’s name is on title as an owner of the property.
- A credit score of 700 or higher on at least one program.
LLC-owned rentals eligible
No primary homes
One member applies
Owners must be people
Some limits apply
Paperwork for the LLC
What Is An LLC HELOC
A home equity line of credit on property titled to a limited liability company. Only some programs allow it.
Some home equity programs do not accept an LLC as the owner on title. At least one HELOC program accepts an LLC-owned property that is not a primary home, on lines up to $400,000, when a single member with at least 25% ownership applies.
Expect to document the company. On at least one program that includes the operating agreement, a certificate of good standing, and proof the LLC is registered in the U.S. Buying or refinancing the rental itself? See our LLC rental property loan.
A primary home held in an LLC is not eligible on at least one program that accepts LLCs. On that program, a second home or investment property is also not eligible in Texas or New York, or for a loan over $400,000.
Why choose Saxton for a HELOC on an LLC property
For investors who hold rentals in a company name and want to tap the equity with the LLC still on title.
LLC Vesting Is Allowed
At least one HELOC program accepts a property owned by your LLC when it is not your primary home. The LLC’s name must be on title.
One Member Can Apply
At least one program accepts an LLC-owned property on lines up to $400,000, with some state limits, when a single applicant who owns at least 25% of the LLC applies with a 700 or higher credit score.
Owners Must Be People
On at least one program, every owner of the LLC must be a person. Other LLCs, corporations, and trusts cannot be owners.
Primary Homes Are Excluded
At least one program does not allow a primary home held in an LLC, so the property must be a second home or investment property.
Some Limits Apply
On at least one program, an LLC-owned second home or investment property is not eligible in Texas or New York, or for a loan over $400,000.
Some Programs Say No
At least one HELOC program does not accept an LLC as title holder. We match you to one that does.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about a HELOC on an LLC-owned property.
Yes, with at least one program, when the home is not your primary residence and a member who owns at least 25% of the LLC applies.
No. At least one program does not allow a primary home held in an LLC, so the property must be a second home or investment property.
On at least one program, yes. The LLC cannot have bankruptcy filings or open lawsuits.
At least 25% on at least one program, checked against the operating agreement. Only one applicant is allowed on that program.
On at least one program, every owner must be a person, not another company or trust.
On at least one program: the operating agreement and a certificate of good standing. The LLC must also be registered in the U.S.
Yes. At least one program requires the LLC to be registered in the U.S.
Find out what you qualify for
Tell us about the property, the LLC, and how much you need, and we will show you HELOC options that accept LLC ownership.
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.