Both products serve borrowers who need flexible income documentation for a home equity line — but they are designed for different goals and operate with a fundamentally different structure.

Lien Position

A standard Non-QM HELOC is typically in second lien position — behind your existing first mortgage. The Wealth Builder HELOC is a first-lien product that replaces your mortgage entirely.

Purpose

Non-QM HELOC = access equity from your existing home while keeping your mortgage in place. Wealth Builder HELOC = replace your mortgage with a revolving line of credit to eliminate interest and build equity faster.

Rate and Index

Non-QM HELOCs are typically tied to Prime Rate. The Wealth Builder HELOC is tied to 30-day SOFR plus a margin.

Income Documentation

Both accept alternative income documentation (bank statements, asset depletion). The Wealth Builder HELOC is a specific wholesale program with its own documentation matrix. Non-QM HELOCs are available from a wider range of lenders with varying documentation requirements.

Loan Amounts

The Wealth Builder HELOC supports loan amounts up to $3,500,000 — making it accessible for high-value California properties. Non-QM HELOC limits vary by lender and are often lower.

Best Use Case

• Non-QM HELOC: Access equity from your existing home, keep your current mortgage, use bank statements or 1099 to qualify
• Wealth Builder HELOC: Replace your mortgage entirely, use revolving credit to build equity faster, qualify with alternative income documentation