Most lenders will consider single-family homes, condos, and townhomes. Some will also consider multi-family properties if you live in one of the units. You typically need to have owned the home for at least six months to a year, and you’ll need to have sufficient equity.

Investment properties usually don’t qualify for HELOCs, and mobile homes or manufactured homes often have restrictions. We’ll let you know upfront if your property type is eligible.