Do bank statement HELOCs exist, or is this a unicorn?

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

They exist but are rarer than bank statement first mortgages. A narrow set of non-QM wholesalers offer bank-statement-qualified HELOCs, typically on lower LTVs (75–80% CLTV) with tighter credit requirements. Worth running the scenario — when they work, they're the perfect tool for self-employed homeowners with equity.

Non-QM & Alternative Doc

Alt-Doc — Second Lien

Bank Statement HELOC

HELOC or fixed 2nd qualified using bank statements — no tax returns.

Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.

Apply for this program (213) 880-8107

680

Min FICO

bank statement

Docs

Ideal borrower

Self-employed homeowners tapping equity without disturbing a low-rate first mortgage.

Program highlights

HELOC or fixed 2nd
Qualify on bank statements
Preserves existing low-rate first mortgage

Typical uses

Equity access for self-employed

Frequently asked questions

Do bank statement HELOCs exist, or is this a unicorn?: They exist but are rarer than bank statement first mortgages. A narrow set of non-QM wholesalers offer bank-statement-qualified HELOCs, typically on lower LTVs (75–80% CLTV) with tighter credit requirements. Worth running the scenario — when they work, they're the perfect tool for self-employed homeowners with equity.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.