hi can i take out a heloc when my home is on the market?

Many banks will not make you wait 6 months and you can get a HELOC right after you take it off of MLS. Some banks do not do appraisals and so they would never know if it is or is not offered for sale unless they ask you directly. That being said, I am sure that 100% of lenders would not want to make a loan on a house listed for sale.Some banks will not charge an upfront fee for a HELOC but they charge an early closure fee if you close it within 3 years and this fee can be from $500 to $1,200.

No, not while listed on MLS. you have to wait 6 months, once off MLS listing

Scott -- though a HELOC might seem to be the way to get the money you need, if your home is on the market, even attempting to get the heloc is likely to put a kink in the sales process, and raise other issues in underwriting. Your best bet would be to contact your local bank, and seek an personal line of credit to tide you over until your house sells.