Self-employed borrowers deserve home equity access too. You may qualify using 12 or 24 months of bank deposits — no traditional tax returns, W-2s (employer tax forms), or employer verification.
For the Self-Employed
Traditional lenders look at tax returns — which often understate self-employed income after deductions. We look at 12 or 24 months of actual deposits. If the money is consistently coming in, that's what counts.
If you're a business owner, freelancer, contractor, or entrepreneur, your tax return may understate your actual income. You're doing everything right — running a profitable business — but traditional lenders may look at your Schedule C write-offs and say no.
A bank statement HELOC may be an alternative approach. Instead of tax returns, we review 12 or 24 months of deposits into your personal or business bank accounts. We then calculate an average monthly income from eligible deposits to help determine qualification.
It's a straightforward approach designed to help document income for self-employed borrowers.
You've built something real. Don't let traditional tax write-offs prevent you from exploring financing options that consider alternative income documentation. Bank statement lending helps provide a broader picture of your income.
Email to Get QualifiedWe replace traditional income documentation with a bank deposit analysis.
Provide 12 or 24 months of complete bank statements — personal, business, or both.
We add up all deposits over the statement period. For business accounts, we apply an expense factor (typically 50%) to determine qualifying income.
Total qualifying deposits are divided by the number of months to arrive at your monthly qualifying income.
Once income is established, we complete the standard equity and credit review. If it works, we move to appraisal and closing.
Don't let your tax strategy stop you from accessing your equity. We'd love to take a look at your situation — we'd be happy to review your situation — no obligation to proceed.
