Bank Statement HELOC
Bank Statement HELOC
Qualify on deposits, keep your rate

Bank Statement HELOC

A bank statement HELOC for self-employed homeowners — qualify on business or personal bank statements instead of tax returns. Lines up to $750,000 on primary residences, combined leverage to 90% at the strongest credit tier, business-account deposit files from a 680 credit profile, and your existing first mortgage left exactly as it is.

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The Fundamentals

Statements in, equity out.

A bank statement HELOC is a home equity line of credit with one substitution in the file: deposit analysis where the tax return would sit. Business or personal bank statements establish the income, the appraisal establishes the value, and the line records as a stand-alone second lien behind the mortgage you already hold. Your first mortgage stays untouched. Your rate stays intact. Your equity becomes accessible on the strength of what your accounts actually show.

The program exists because tax returns understate what many self-employed households earn. Deductions that make sense on a return shrink the income a conventional lender can count; deposits do not. A borrower-permissioned account connection runs the analysis first, document review is the fallback, and business-account files carry their own credit gate and expense-factor treatment. Lendmire arranges the bank statement home equity line of credit through multiple wholesale lenders across 16 licensed states.

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Program Options

Three paths through statement-qualified equity.

Primary residence, second home, or rental collateral — each occupancy carries its own tier table, ceiling, and credit floor.

Most Popular

Bank Statement HELOC

Revolving line on a primary residence — draw as needed, repay, reuse. Up to 90% CLTV, from $25,000, 680+ FICO on business-account deposit files. Lines to $750K.

Second Home

Second-Home Line

The same deposit-based income analysis on a home you use seasonally, with its own tier table a step behind the primary program. Up to 90% CLTV, 680+ FICO, lines to $500K.

Non-Owner Occupied

Investment Property HELOC

Rental collateral routes to the investor program: business-purpose credit, 700+ FICO, up to 70% CLTV, lines to $500K — arranged through Lendmire’s investor desk.

Bank statement HELOC products are subject to draw period and repayment period terms as disclosed at application, and interest rates may be variable. Income qualification from business accounts carries its own credit gate and expense-factor treatment. All lines of credit are subject to credit, collateral approval, and lender program eligibility.
Why Lendmire

Deposits tell the story. We know how to read them.

A statement-qualified line is decided on deposit quality, the account path, the credit tier, and how the first-mortgage terms interact with the new line — and every wholesale lender reads those items a little differently. A single-owner business, a multi-entity operator, and a contractor with seasonal deposits are three different files, and they do not all belong with the same lender.

We work with multiple wholesale sources for the bank statement home equity line of credit and match the file to the program with the right tier table, income treatment, and leverage ceiling for the situation. From preserving your existing mortgage rate to positioning the credit tier that decides the line size, we handle the placement so you do not have to chase rate sheets across lenders — and because Lendmire also arranges business-purpose equity lines and DSCR financing on rentals, an owner with investment property can plan both files under one roof.

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Program Highlights

No tax returns. Rate preserved.

Statements, Not Returns
Income is established from a borrower-permissioned analysis of business or personal bank deposits — the connection runs first, document review is the fallback.
$750K Max
Statement-qualified lines reach $750,000 on primary residences at the tier that pairs the largest line with its published combined loan-to-value.
90% CLTV
Combined leverage to 90% at the strongest credit tier, measured with the first mortgage in front — and that first mortgage never moves.
AVM to $500K
Lines from $25,000 to $500,000 are ordinarily valued by automated model; a full appraisal is required on every line above that.
Also Consider

Programs worth comparing.

If the goal is a purchase, a rental, or restructuring the first mortgage itself — these may fit better than a second lien behind your existing loan.

Self-Employed Purchase

Bank Statement Loan

Buying or refinancing the first mortgage itself on deposits rather than returns? The bank statement mortgage qualifies self-employed borrowers on months of statements — a first lien, not a second.

View Program →
Rental Property Equity

Investment Property HELOC

Equity in a rental rather than your residence? Investment property lines run on the investor program with their own tier table — business-purpose credit, revolving structure, first mortgage untouched.

View Program →
Pull Cash at Refi

Cash-Out Refinance

If the whole first mortgage is being restructured anyway, refinancing and pulling cash at closing may beat a second lien. Runs through the Refinance program.

View Program →
Learning Center

Know before you borrow.

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Tools to move from reading to action.

Tool One

Payment calculator

Estimate what a line payment looks like alongside your existing mortgage — principal, interest, and combined monthly cost.

Calculate Tool Two

Get a quote

Start a statement-qualified scenario in under a minute. A Lendmire specialist follows up to confirm the tier, the ceiling, and program fit.

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Browse programs

See every loan program Lendmire offers — from bank statement to HELOC to DSCR — and find the right fit.

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Get Started

See your bank statement HELOC options in about a minute.

Bring the property, the balance, and the deposit history. Keep your existing mortgage rate and access the equity you have built. No commitment required.

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Available In 16 States

Bank statement HELOCs, state by state.

Bank statement home equity line of credit for self-employed homeowners, state by state. State-specific guidelines, credit tiers, and line details below.