Can I get a HELOC without income verification?
March 23, 2025 | Posted by: Alex Vinarski
Yes, it's possible to get a HELOC (Home Equity Line of Credit) in Canada without income verification, and even with bad credit. Private lenders can arrange HELOCs based on your home equity rather than your income or credit.
Lenders only need application, credit bureau and appraisal. Private HELOCs may allow you to borrow up to 80% of the property value, and can be up to $1m. Private HELOCs offer flexible borrowing and repayment terms, allowing you to access funds as needed and pay them back at your convenience. Private mortgages or HELOCs usually can be approved and funded very fast. Approval normally at the same day, and funding within 5-10 days.
The downside of private HELOCs is higher rates and lender’s/broker’s fee. For more information about private HELOC in Vancouver and all Canada visit my blog www.ipotekacanda.com
