At Helocs.com, we are excited to announce the launch of our new Closed End Second Bank Statement loan. Designed specifically for self-employed individuals, this innovative loan program allows borrowers to tap into their home equity without touching their first mortgage. With the flexibility to use the funds as they see fit, this loan is already gaining popularity among our current customers.
Program Highlights:
- 12 or 24 months of Business or Personal Bank Statements: Our loan program considers both business and personal bank statements.
- Loans up to $500,000 with a minimum of $75,000:
- Fixed-Rate Options: Choose from 30-year fixed, 20-year fixed, 15-year, or 10-year fixed rates,.
- Cash-out or Rate-Term Refinance: our loan program offers both options.
- Property Types: Our loan program covers owner-occupied properties, second homes, and non-owner-occupied properties, including single-family residences, townhomes, 2-unit properties, and warrantable condominiums.
- Minimum Credit Score of 720: our program requires a minimum credit score of 720.
- Up to 50% Debt-to-Income Ratio: We consider borrowers with a debt-to-income ratio of up to 50%.
With this Closed-End Second Bank Statement loan, self-employed individuals can access equity in their properties. and achieve their financial goals. Contact our loan officers today to learn more about the second mortgage bank statement program.
