what is a ninja loan 
a ninja loan is a loan that is granted to people who have no job no income and no assets essentially they are mortgages for people who can likely not repay them ninja loans are essentially illegal now as a result of the dodd frack act 5can i get a heloc with no job you can get a home equity line of credit heloc without being employed but you will typically have to prove you have another source of income you may for example have to prove you receive income from your assets or collect pension payments the bottom linethese days lenders must require some documentation to support the information you provide them in the past no doc loans allowed them to provide funds to borrowers who simply declared their income without providing proof some lenders today may have looser lending practices than others but when they provide funds to borrowers without thoroughly vetting their finances they are assuming a risk 