Yes, It’s Possible to Get a No Income Home Equity Loan, But You Have to Know Where to Look

Homeowners across America are using a little-known home equity loan to get up to $500,000 with no income verification, even with less than perfect credit.

If you’re reading this, you probably already know how tough it is to find a no income home equity loan.

Here’s the deal: don’t waste your time checking with yet another local bank, credit union, or big national bank.

Regular banks have strict income requirements that make it impossible to qualify if you have no income or can’t prove your income.

Fortunately, these days, a regular bank isn’t your only option. The world has advanced and a new option is available: the home equity agreement.

The No Income Home Equity “Loan”

A home equity agreement is not like a regular loan. It offers a large lump sum payout with no monthly payments and zero interest charges in exchange for a percentage of your home’s future value.

This means you can convert a large chunk of home equity into cash without adding a big payment to your monthly budget.

Because there are no monthly payments, there are no income requirements as long as your credit score is at least 550.

  • No Payments and Zero Interest Charges

Unlike a home equity loan from a regular bank, there are no burdensome monthly payments or interest charges to worry about.

  • You Remain the Owner of Your Home

You remain the owner, which means you’ll continue to pay property taxes, homeowner’s insurance, and any existing mortgage payments and HOA dues (if applicable).

  • You Don’t Need Perfect Credit

You can still qualify even if you have less than perfect credit. The minimum required credit scores are usually around 500.

  • No Income Verification

There is no income verification if your credit score is at least 550. Qualify with no income, low income, or if you’re self-employed and can’t prove your income.

  • Flexible Payout Amounts

Get a lump sum payout of $30,000 to $500,000, depending on your financial goals and how much equity you have in your home.

  • Flexible Occupancy Requirements

Owner-occupied homes, second homes, and investment properties are eligible.

Use the Cash For Whatever You Need

You’re free to use the cash for whatever you need. Homeowners commonly use the proceeds from a home equity agreement to:

  • Pay off high interest debt
  • Reduce monthly expenses
  • Rebuild credit scores
  • Create an emergency fund
  • Do home improvements
  • Pay medical, dental, or vet bills
  • Fund college tuition and expenses
  • Start or expand a business

How Much Can You Get?

Get a cash lump sum of $30,000 to $500,000 with no payments, no interest charges, and no income verification. Pay off high interest debt, reduce monthly expenses, do home improvements, fund college tuition and expenses, etc. Use the cash for whatever you need.

The home equity agreement is not available in all states and not every homeowner qualifies. Click the button below to get a free quote with no cost or obligation.

Get A Free Quote

We partner with Unlock, a leading provider rated “Excellent” on Trustpilot. Click the button above to go to the Unlock website and check your eligibility for free and with no obligation. We may be compensated if you complete an application.