Bank Statement HELOC (Home Equity Line of Credit)
Are you a self-employed bank statement borrower in need of cash? Look no further! Introducing our Bank Statement Home Equity Line of Credit (HELOC), a specialized program designed just for you. With our Bank Statement HELOC, self-employed borrowers can tap into the equity of their homes while keeping their first mortgage intact. This revolving line of credit allows borrowers to pay down as little or as much of the credit line as needed, providing the flexibility you need.
Here are some highlights of our Bank Statement HELOC
- Loan amounts up to $400K
- Revolving line of credit
- Interest-only payments during the draw period
- Available for owner-occupied properties, second homes, and investment properties
- No restrictions on how funds can be used
But wait, if you’re not looking for the flexibility of a HELOC, we have another option for you! Our fixed-rate, stand-alone closed-end second Mortgage product is also designed specifically for self-employed borrowers and real estate investors. With this product, borrowers can receive a lump-sum amount that fully amortizes according to the terms of the loan.
Don’t let your self-employment status hold you back from accessing the funds you need. Contact us today to learn more about our Bank Statement HELOC and other mortgage options tailored to your needs.
Have Questions or Need Help?
Call us at 800-385-1288