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.
- 1Adding the co-signer to the property title or deed, though this can complicate estate planning and inheritance.
In their words
Unedited, most upvoted first, 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 ↗
Where this came up
People with this problem also raised
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- 6How do I dispute a bunch of incorrect charges at once?