Home Equity Line of Credit Dilemma

[David Hisaw]

My wife's parents own their home 100% and they applied for a HELOC at several banks and credit unions to help me on an investment I have under contract, and were denied everywhere. My inclination is that their credit is not up to par for such a loan but I was wondering what ideas you may have to get around that. They are willing to do what it takes to help me out but basically their money is tied up in their home. The last credit union they talked to said that they wouldn't accept a co-signer for such a loan either.

Any help is always appreciated!

[Judd Fertman]

@David Hisaw 

I just got a HELOC loan and we used a small local bank in the area and they let me be a co borrower. I know you said the credit union said no but maybe a local bank will be more willing to make something work.