Non-QM HELOC credit requirements are more flexible than conventional HELOC programs, but credit score still matters — it affects both your eligibility and the terms you receive.

Typical Minimum FICO for Non-QM HELOC

Most Non-QM HELOC programs in California require a minimum FICO score of 640–680. Some programs may go lower, particularly with strong compensating factors such as low LTV and significant liquid reserves.

Credit Score and LTV

As with most HELOC products, the maximum CLTV available to you is often tied to your credit score. A borrower at 720+ FICO may access higher LTV than a borrower at 640 within the same Non-QM program. Lendia can show you the specific LTV matrix for the programs you qualify for.

Credit Events

Non-QM HELOC programs are generally more accommodating of prior credit events than conventional programs:

• Bankruptcy: typically 1–2 year seasoning required (vs. 4–7 years for conventional)
• Foreclosure: typically 2–3 years seasoning (vs. 7 years for conventional)
• Short sale: similar to foreclosure seasoning

Compensating Factors

Non-QM lenders evaluate the overall borrower profile — not just the credit score in isolation. Strong reserves, low LTV, and stable income can compensate for a lower score or past credit events.