Can someone co-sign a HELOC if they aren't on the title?
Most lenders require anyone borrowing against a home equity line of credit to be listed on the property title. Because the property serves as collateral, a person who does not own the home typically cannot use their credit or income to secure the loan.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
Found another way around this?
Share your steps and trade-offs so fellow engineers don't have to reinvent the wheel. No account required.
- 1Adding the co-signer to the property title or deed, though this can complicate estate planning and inheritance.Did this help you?
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“Is it possible for her name and her credit to be on the HELOC , as my parents are retired and the sibling is the only one making income?”source ↗
“If this is possible are there certain banks that offer this type of arrangement?”source ↗
“The line of credit uses the home as collateral - so if your sister doesn't own the home, she doesn't own the collateral that is needed to take out a line of credit on the home they want to borrow against.”source ↗
“many lenders require HELOC borrowers to be on title”source ↗