Self-Employed? Explore a HELOC That Looks Beyond Your Tax Returns.
Your Bank Deposits May Tell a Better Income Story.
Traditional mortgage programs often rely on tax returns to verify income. But for self-employed homeowners, those returns may not reflect the full picture. A Bank Statement HELOC offers another way to explore your home equity options using eligible deposits from your personal or business bank accounts.
Your Income Doesn’t Have to Fit a Traditional Mold.
If you earn your living outside a traditional W-2 job, a Bank Statement HELOC may offer another path to accessing your home’s equity.
Business Owners & Entrepreneurs
Freelancers & Consultants
Independent Contractors & 1099 Earners
Self-Employed Real Estate Investors
How does a Bank Statement HELOC Work?
Rather than relying solely on traditional income documents, participating lenders may review 12 or 24 months of qualifying bank statements to help determine your eligible income.
1. Review Your Bank Deposits
Eligible personal or business bank statements help lenders evaluate your income.
2. Explore Your Available Equity
Your home's value, existing mortgage balance, credit, and qualifying income help determine your options.
3. Access Funds as Needed
With a qualifying revolving HELOC, you can draw from your available line during the draw period, subject to your loan terms.
What Could Your Home Equity Help You Accomplish?
Every homeowner's goals are different. Explore options based on your goals and unique situation.
Your home equity may help you accomplish more without replacing your existing first mortgage. Available uses depend on the lender and program.
More Than One Lender.
More Ways to Qualify.
Not every lender evaluates self-employed income the same way. As a mortgage broker, I can help you compare available programs, understand how different lenders may calculate your qualifying income, and explore options that fit your financial goals.
We’ll look at your situation first, explain your choices in plain English, and help you decide whether moving forward makes sense.
Questions? We Have Answers.
Click a question to read the answer.
Do I need W-2s or tax returns?
Some Bank Statement HELOC programs allow qualifying income to be evaluated using personal or business bank statements instead of traditional W-2s or tax returns. Documentation requirements vary by lender.
Will my business tax deductions affect my eligibility?
Business deductions can reduce the taxable income shown on your returns. Bank statement programs may provide an alternative way to evaluate qualifying income, although business expenses and eligible deposits are still considered.
How many months of bank statements will I need?
Depending on the program, lenders may request 12 or 24 months of personal or business bank statements, along with other documentation.
Can I keep my existing first mortgage?
A HELOC is generally structured as a separate loan secured by your home, allowing you to retain your existing first mortgage and its terms, provided the program allows the proposed lien structure.
How much home equity can I access?
That depends on your home’s value, existing mortgage balance, credit profile, qualifying income, and the lender’s guidelines. We’ll help you review the possibilities.
What’s the first step?
Start with a conversation about your goals, property, and income situation. We’ll explain what information may be needed to explore your options before you decide whether to apply.
You've Worked Hard to Build Your Business. Let's Explore What Your Home Equity Can Do for You.
Whether you're planning your next investment, improving your home, or simply exploring financial flexibility, we'll help you understand your options.
Explore Your Home Equity Options
Getting started is easy. Share a few details and I’ll personally review your situation. We can start by text or email - no appointment required.
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