Lendia Mortgage — Specialty Loans
Non-QM HELOC in California
A Non-QM HELOC is a home equity line of credit designed for California borrowers who cannot qualify using traditional income documentation — such as self-employed business owners, real estate investors, and borrowers with complex income structures. Instead of W-2s and tax returns, Non-QM HELOCs may be underwritten using bank statements, asset depletion, 1099 income, or other alternative documentation methods. At Lendia, we specialize in matching California borrowers with Non-QM HELOC solutions that fit their actual financial picture.
Non-QM HELOC At a Glance
| Feature | Details |
|---|---|
| Income Documentation | Bank statements, asset depletion, 1099, P&L, DSCR |
| Lien Position | Second lien (some first-lien options available) |
| Rate Type | Variable (typically Prime-based) |
| Maximum CLTV | Up to 80%–85% (varies by program and FICO) |
| Minimum FICO | 640–680 (varies by lender) |
| Draw Period | Typically 10 years |
| Repayment Period | Typically 20 years |
| Eligible Borrowers | Self-employed, investors, non-traditional income earners |
| Eligible States | California |
Non-QM HELOC — Full Q&A Library
- What Is a Non-QM HELOC?
- Who Is the Non-QM HELOC Designed For?
- What Income Documentation Options Are Available?
- Can Bank Statements Be Used to Qualify for a Non-QM HELOC?
- What Credit Score Is Required for a Non-QM HELOC?
- What LTV Limits Apply to Non-QM HELOC Products?
- What Property Types Are Eligible for a Non-QM HELOC?
- How Does the Rate on a Non-QM HELOC Compare to a Conventional HELOC?
- Can Self-Employed Borrowers Use a Non-QM HELOC?
- Can I Use a Non-QM HELOC as a First Lien?
- What Is the Difference Between a Non-QM HELOC and the Wealth Builder HELOC?
- How Do I Apply for a Non-QM HELOC Through Lendia?
Wealth Builder HELOC Calculator
See How a First-Lien HELOC Compares
Curious how the Wealth Builder HELOC stacks up against a traditional mortgage? Run the numbers with our interactive calculator.
Curious how the Wealth Builder HELOC stacks up against a traditional mortgage? Run the numbers with our interactive calculator.