Miami HELOC | Home Equity Line of Credit Up to $1M | MortgageHouz
MortgageHouz
Miami, FL · Home Equity Solutions · Non-QM

Miami Home Equity.
One Place. Six Solutions.

Homeowners in Miami, FL trust MortgageHouz to shop their HELOC across five HELOC programs from top Non-QM and wholesale lenders, plus a no-monthly-payment home equity investment — finding the best fit for your income type, property, and goals. No personal income docs required for investors. No tax returns for the self-employed.

$1M+
Max Line
620
Min FICO
6
Equity Options
Start My Equity Survey →
620 minimum credit score for HELOCs · 2nd mortgages also available*
500 credit score accepted on our no-monthly-payment home equity investment (not a loan) · See how it works
Choose Your Program

Which program fits you?

Click any card to explore full program details, guidelines, and eligibility for that lender.

DSCR HELOC · Non-QM · Investment

Jumbo HELOC

$1MMax Line
75%Inv. CLTV
620Min FICO

The go-to for real estate investors. DSCR-based qualifying, LLC vesting, bank statement option for self-employed.

View Program →
HELOC + DSCR · Primary, 2nd Home, Investment

Primary & 2nd Home HELOC

$500KMax HELOC
95%Max CLTV
620Min FICO

Fastest HELOC closes in the wholesale channel. DSCR 1st lien up to $2.5M.

View Program →
Fully Digital HELOC · Primary & 2nd Home

Digital HELOC

$350KMax Line
80%Max CLTV
620Min FICO

100% digital from app to funding in as little as 5 days. Borrower-driven self-service platform.

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Closed-End 2nd Lien · 620 Min FICO

NON-QM HELOC

80%Max CLTV
620Min FICO
Bank StmtsAlt Income OK

For borrowers who don't fit anywhere else. Bank statements, DSCR for investors, all occupancy types.

View Program →
Flexible-Payment HELOC · Primary Residence

Flexible-Payment HELOC

$4MMax Line (1st)
40 YrTerm
650Min FICO

Qualify on a capped payment instead of the full HELOC payment. 1st or 2nd lien. Built for retirees and fixed-income homeowners.

View Program →
Home Equity Investment · Not a Loan

Home Equity Investment

500Min Credit
$0Monthly Pmt
30 YrMax Term

Cash today for a share of your home's future value. No monthly payments, no income requirement.

View Program →
2nd Mortgages Available

Need a fixed lump sum instead of a line? 2nd mortgages are available, but are subject to LTV and guideline restrictions. See details →

Jumbo HELOC · Fast Close · Flexible Income

Tap Into Your Equity. Fast Close.

Access up to $1,000,000 of your home's equity — primary, secondary, or investment. Flexible income qualifications including bank statements.

$1M
Max Line
90%
Primary CLTV
620
Min FICO
Start My Equity Survey →

💰 Debt Consolidation

Eliminate high-rate credit card and personal loan debt by tapping home equity at a far lower rate.

🏠 Home Renovations

Fund kitchen remodels, additions, or major upgrades without disturbing the existing first mortgage rate.

🎓 Tuition & Education

Cover college tuition, private school, or professional education costs with flexible draw access.

🥥 Self-Employed Borrowers

12-month personal or business bank statements accepted in lieu of tax returns.

🏘 Investment Properties

LLC vesting allowed. Up to 75% CLTV on investment properties. Min 620 FICO (max CLTV varies by score).

⚡ Free & Clear Owners

First-lien HELOC available for borrowers with no existing mortgage.

Full Program Highlights

Jumbo HELOC — Complete Program Details

Loan Parameters

  • Loan amounts from $50,000 to $1,000,000
  • DTI up to 50%
  • Max CLTV 90% for primary
  • Max CLTV 85% for secondary
  • Max CLTV 75% for investment
  • Texas: max CLTV 80% for primary only
  • Min FICO 620 — primary, secondary & investment
  • Max CLTV and line amount vary by credit score
  • Variable rate: 5-year interest-only draw
  • 30-year maturity / 25-year amortization
  • AVM available up to $400,000 — no full appraisal needed

Income & Eligibility

  • 12-month personal or business bank statements for self-employed
  • One-year full doc available
  • Income can be verified automatically
  • First lien for free and clear borrowers
  • Second lien available (subject to LTV & guideline restrictions)
  • Co-borrowers allowed
  • No ownership seasoning required for primary
  • LLC vesting allowed
  • Quick Pricer available for HELOC scenarios

Property Types

  • SFR (single-family residences)
  • Townhomes & PUDs
  • Site condos
  • Warrantable and non-warrantable condos
  • 2–4 unit investment properties
  • Rural acreage up to 10 acres (primary only)

Ideal Use of Funds

  • Debt consolidation — eliminate high-rate debt
  • Home renovations & improvements
  • Tuition & education expenses
  • Investment property acquisition (down payment)
  • Business capital & operating reserves
  • Preserve existing low first-mortgage rate
Jumbo HELOC · Powered by MortgageHouz

Get Your HELOC Quote Today

Access up to $1,000,000 in equity — fast close, flexible income qualification.

Start My Equity Survey →
MortgageHouz LLC · NMLS #2755375 · 321.201.0436
Primary & 2nd Home HELOC · HELOC + DSCR First-Lien

Home Equity Options from the Top Lenders

Adjustable HELOCs, fixed-rate HELOCs, HELOANs, and DSCR first-lien investor financing — with the fastest closing times in the wholesale channel.

$500K
Max HELOC
95%
Max CLTV
14 days
Avg. Close
Start My Equity Survey →

Primary Homeowners

Up to 95% CLTV for qualified borrowers, with variable-rate draw periods and interest-only payment options.

Second Home Owners

HELOCs and HELOANs available on second / vacation homes. Keep the first mortgage rate intact.

Real Estate Investors (DSCR)

DSCR first-lien product goes up to $2.5M with DSCR ratios as low as 0.75x.

Piggyback / Purchase

Standalone and piggyback second lien options — great for avoiding PMI.

Debt Consolidation

Fixed-rate HELOC and HELOAN products with terms up to 30 years.

Speed-Focused Closings

48–72 hour underwriting and average fund times of 14–21 days.

Full Program Details

Primary & 2nd Home HELOC Product Suite

One of the nation's largest home equity wholesale lenders, founded in 2016 and licensed in 40+ states.

HELOC — Adjustable & Fixed

  • Variable HELOC: $50,000 to $500,000
  • Fixed-Rate HELOC: $25,000 to $500,000
  • Max CLTV up to 95% (tiered by FICO)
  • Min FICO 620 (fixed & variable HELOC)
  • Max DTI 45% (up to 50% with 700 FICO + $3,500 residual)
  • Variable: 10-year IO draw / up to 30-year repayment
  • Fixed: 3-year draw / 15, 20, or 30-year term
  • Primary, second home, and investment (HELOAN)
  • First-lien HELOC for free-and-clear borrowers

DSCR — First-Lien Investor Loans

  • Loan amounts up to $2,500,000
  • Aggregate exposure up to $5,000,000
  • DSCR ratios as low as 0.75x
  • Qualify on property income, not personal income
  • UW turn time: 3 calendar days
  • SFR, 2–4 unit, condos, townhomes

Speed

  • Fund in as little as 14 days (21-day avg)
  • HELOC UW: 48–72 hours
  • EMMA portal — real-time pricing across all products
  • Only 4 items needed for initial HELOC UW

Fees

  • Admin fee up to $999
  • $99 annual HELOC maintenance fee
  • No application fee
  • No prepayment penalties
  • Licensed in 40+ states (not NY)
Primary & 2nd Home HELOC · Powered by MortgageHouz

Get Your Home Equity Quote Today

Variable HELOC, fixed HELOC, HELOAN, or DSCR investor loan — we'll find the right product for your scenario and price it live.

Start My Equity Survey →
MortgageHouz LLC · NMLS #2755375 · 321.201.0436
Digital HELOC · 100% Digital

From Application to Funded in As Little as 5 Days.

A fully digital HELOC for primary and second home borrowers — borrower-driven, no branch visits, no loan officer required.

5 Days
Min. Close Time
$350K
Max Line
620
Min FICO
Start My Equity Survey →

Speed-Focused Borrowers

Application to funded in as little as 5 days.

Primary Homeowners

Access home equity for renovations, debt consolidation, or education — all without leaving your house.

Second / Vacation Homeowners

Ideal for quick access to equity on a vacation or beach property.

Digitally Savvy Borrowers

Application, underwriting, and funding managed entirely online.

Lower FICO Borrowers

Credit requirements start at 620. Soft-pull pre-qual available.

Equity-Rich Homeowners

A second lien — keep your existing low-rate first mortgage.

Full Program Details

Digital HELOC — Equity Advantage HELOC

A top 10 Non-QM lender purpose-built for speed and borrower convenience.

Loan Parameters

  • Loan amounts from $25,000 to $350,000
  • Maximum CLTV 80%
  • Min credit score 620 (soft-pull pre-qual available)
  • Adjustable rate — tied to Prime Rate
  • 3 or 5-year draw periods
  • Up to 30-year repayment term
  • Second lien only (first must be seasoned 12+ months)
  • 90% draw required at funding

Eligibility & Digital Process

  • Primary and second homes eligible
  • Investment properties not eligible (see Jumbo HELOC)
  • Borrower-driven digital process — entirely online
  • At least one borrower from first lien must be on application
  • Fraud detection via Data Verify on all borrowers
  • Tri-merged credit report required
  • Not available in HI, LA, MO, NE, NV, NY, TX

Program Benefits

  • Fund in as little as 5–10 days
  • Automated UW and processing
  • White-label marketing materials provided

Use of Funds

  • Home renovations and improvements
  • High-rate debt consolidation
  • Education / tuition
  • Emergency reserves / any financial goal
  • Preserve existing low first-mortgage rate
Digital HELOC · Powered by MortgageHouz

Ready in 5 Days. Apply Today.

The fastest fully digital HELOC in the market. MortgageHouz handles everything — you manage it all online.

Start My Equity Survey →
MortgageHouz LLC · NMLS #2755375 · 321.201.0436
NON-QM HELOC · Closed-End 2nd Lien

When Other Lenders Say No — We Say Yes.

A Non-QM closed-end second mortgage for borrowers who don't fit conventional molds. 620 minimum FICO, bank statement income, DSCR for investors, all occupancy types. Subject to LTV and guideline restrictions.

620
Min FICO
80%
Max CLTV
Bank Stmts
Alt Income OK
Start My Equity Survey →

Credit-Challenged Borrowers

Qualify with a 620 minimum FICO using bank statement, DSCR or full-doc income.

Self-Employed / Business Owners

Use 12 or 24 months of personal or business bank statements. No tax returns or W-2s required.

Real Estate Investors (DSCR)

Access equity based on rental income, not personal income docs.

Non-Traditional Income Earners

1099, P&L statements, alternative income docs, and full-doc all accepted.

Borrowers Post-Credit Event

For those rebuilding after a bankruptcy, short sale, or foreclosure.

Jumbo / Specialty Scenarios

Super jumbo loans up to $10M and specialty programs.

Full Program Details

NON-QM HELOC — Closed-End Second

Loan Parameters

  • Closed-end second lien / HELOAN (fixed lump sum)
  • Max CLTV up to 80% (varies by FICO & doc type)
  • Minimum FICO 620
  • Fixed-rate, fully amortizing payment structure
  • Predictable monthly payments — no variable rate risk
  • Subordinate to existing first mortgage lien

Income Documentation

  • 12-month bank statements (personal or business)
  • 24-month bank statements
  • DSCR-based qualification for investment properties
  • P&L / 1099 programs available
  • Full doc (W-2 / tax return) for traditional borrowers
  • Alternative income for non-traditional earners

Eligible Properties & Occupancy

  • Primary residences
  • Second homes
  • Investment properties (DSCR-qualifying)
  • SFR, 2–4 unit, condos, PUDs
  • 5+ unit / commercial also available

Use of Funds

  • Debt consolidation (credit cards, personal loans)
  • Home improvements and renovations
  • Investment property acquisition (down payment)
  • Business capital injection
  • Preserve existing low first-mortgage rate
Flexible-Payment HELOC · 1st or 2nd Lien · Primary Residence

Qualify on a Capped Payment. Not the Full HELOC Payment.

Traditional HELOCs qualify you on the full payment, which can stop retirees and fixed-income homeowners cold. This HELOC uses a capped qualifying payment from the payment plan you choose at closing, so more homeowners can access more of their equity.

$4M
Max Line · 1st Lien
$1M
Max Line · 2nd Lien
650
Min FICO
Start My Equity Survey →

Choose Your Payment Plan

Pick from multiple minimum-payment plans at closing based on your goals and cash flow.

Qualify on the Cap

Your capped payment is used to qualify, which can mean a larger line than a traditional HELOC.

Revolving Line

Draw what you need, pay it down, and draw again during the draw period.

No Recast Surprise

Your payment structure is set at closing and avoids the traditional end-of-draw recast.

Non-Recourse Protection

You and your heirs will never personally owe more than the home's value. The home can still be foreclosed on if loan terms aren't met.

Replace or Keep Your Mortgage

A 1st-lien line can pay off your current mortgage. A 2nd-lien line sits behind it.

Full Program Highlights

Flexible-Payment HELOC — Program Details

Line Parameters

  • 1st lien: lines up to $4,000,000, 7-year draw period
  • 2nd lien: lines up to $1,000,000, 5-year draw period
  • 40-year term
  • Minimum credit score 650
  • Variable rate tied to an index plus a margin
  • No prepayment penalty · no annual fee

How Payments Work

  • Minimum-payment plan selected at closing and fixed for the life of the loan
  • Qualifying uses the capped payment, not the full HELOC payment
  • Minimum payments may not cover all interest; unpaid interest is added to the balance
  • Remaining balance (balloon) due at end of term, payoff or sale

Eligibility

  • Owner-occupied primary residences only
  • Must have sufficient home equity
  • Required minimum initial draw: the greater of $75,000, a set percentage of the line, or any mortgage being paid off
  • Available in Florida and select other states

Who It Fits

  • Retirees and fixed-income homeowners
  • Homeowners denied on a traditional HELOC payment
  • Refinancing a high-payment mortgage into a line
  • Renovations, debt consolidation, helping family
Important: Flexible-Payment HELOC Disclosures

This is a home equity line of credit (HELOC) secured by your home. Minimum monthly payments may not cover all accrued interest; unpaid interest is added to the loan balance, which results in a balloon payment due at the end of the term or upon payoff. A minimum initial draw is required, and no additional draws are available after the draw period ends. The interest rate is variable. Taxes and insurance are paid separately by the borrower. Primary residences only; 650 minimum credit score. Not available in all states. Subject to credit approval, appraisal and program guidelines.

Home Equity Investment · Not a Loan · No Monthly Payments

Credit Score Holding You Back? Access Equity From a 500 Score.

A home equity investment gives you a lump sum of cash today in exchange for a share of your home's future value. It is not a loan: there are no monthly payments and no income or employment requirement. Approval is based mainly on your home and your equity.

500
Min Credit Score
$0
Monthly Payments
30 Yr
Max Term
Start My Equity Survey →

No Monthly Payments

Nothing to pay each month. You settle up when you sell, refinance, buy it out or reach the end of the term.

No Income Requirement

No pay stubs, tax returns or employment verification. Workable for retirees, the self-employed and between-jobs homeowners.

Credit Scores From 500

A lower credit bar than HELOCs and home equity loans. Your full credit history is still reviewed.

Shares the Downside

If your home loses value, the investor shares in the depreciation. An annual cap limits the cost of rapid appreciation.

Buy Out Anytime

Repurchase the investment any time during the term with no early-settlement penalty.

Trusts & LLCs

Homes held in a trust or LLC may be eligible.

Full Program Highlights

Home Equity Investment — Program Details

Investment Parameters

  • Lump-sum funding from $50,000 to $500,000
  • Minimum credit score 500
  • Typically requires at least 30% equity
  • Term up to 30 years
  • No interest and no monthly payments

How Settlement Works

  • Settle by sale, refinance or cash buyout, or at end of term
  • You repay the original amount plus the investor's share of any change in value
  • Home value set by appraisal at the start and at settlement
  • Investor shares in depreciation · annual cap on appreciation cost
  • No partial payments

Eligibility

  • Owner-occupied primary residences
  • No investment properties or mobile homes
  • No income, employment or DTI requirement
  • Available in Florida and select other states

Costs

  • Origination fee, appraisal, title/escrow and credit report fees
  • Fees are deducted from your funding at closing
  • Total cost depends on how much your home appreciates
  • We compare it side by side with HELOC and cash-out options
Important: A Home Equity Investment Is Not a Loan or a HELOC

A home equity investment provides cash in exchange for a share of your home's future value and is recorded against your property. There are no monthly payments, but the amount due at settlement depends on your home's value at that time and may be substantially more than the amount you received. Fees are deducted from your funding. Owner-occupied primary residences only; 500 minimum credit score; equity, property and title requirements apply. Not available in all states. HELOCs on this page continue to require a minimum 620 credit score (650 for the Flexible-Payment HELOC).

2nd Mortgages · Closed-End Seconds · HELOANs

2nd Mortgages Are Available Too

Prefer one lump sum instead of a line of credit? A 2nd mortgage lets you borrow against your equity while your current first mortgage, and its rate, stay right where they are.

Keep Your First Mortgage

The 2nd mortgage sits behind your existing first lien. Your current loan is not refinanced.

One Lump Sum

Receive your funds at closing for a renovation, debt consolidation, a business need or your next investment.

Flexible Income Options

Full doc, bank statement and DSCR qualifying are available on select programs. Primary, second home and investment properties may be eligible.

Important: LTV & Guideline Restrictions Apply

2nd mortgages are available, but are subject to LTV and guideline restrictions. Maximum combined loan-to-value (CLTV), loan amount, minimum credit score, occupancy, property type and documentation requirements vary by program and lender.

Not every borrower or property will qualify. We review your full scenario and match it to the program that fits, if one is available.

NON-QM HELOC · Powered by MortgageHouz

Non-QM Second Lien — Any Borrower Profile

620 minimum FICO for HELOCs. Bank statements, DSCR, or full doc. 2nd mortgages are also available, subject to LTV and guideline restrictions.

Start My Equity Survey →
MortgageHouz LLC · NMLS #2755375 · 321.201.0436
MortgageHouz
MortgageHouz.com Privacy Policy

Mortgage Houz LLC · NMLS #2755375 · Licensed Mortgage Broker · Florida. Proudly serving Miami and surrounding areas. This is not a commitment to lend. All loans subject to credit approval, income verification, and property eligibility. Programs and rates subject to change without notice. Not all programs available in all states. Program highlights sourced from publicly available lender publications and are subject to change; contact MortgageHouz for current pricing and eligibility.

HELOCs require a minimum 620 credit score (650 for the Flexible-Payment HELOC). *2nd mortgages are available, but are subject to LTV and guideline restrictions. Maximum CLTV, loan amount and eligibility vary by program.

Flexible-Payment HELOC: 650 minimum credit score; primary residences only. Minimum payments may not cover all accrued interest; unpaid interest is added to the balance, resulting in a balloon payment at the end of the term or upon payoff. Minimum initial draw required. Variable rate.

Home Equity Investment: not a loan or a HELOC. Cash in exchange for a share of your home's future value; no monthly payments. Amount due at settlement depends on home value and may be substantially more than the amount received. 500 minimum credit score; owner-occupied primary residences only. Not available in all states.

Equal Housing Lender. Not affiliated with or endorsed by FHA, VA, USDA, Fannie Mae, or Freddie Mac.