.png)
Access Equity Without Touching Your First Mortgage
Second-Lien Options for Self-Employed Homeowners
If you’ve built equity but don’t want to disturb a great first-mortgage rate, a bank-statement second lien lets you tap cash using 12 or 24 months of deposits instead of tax returns. With fixed terms up to 30 years, CLTVs up to 80% on a primary residence, and availability across most states, it’s a fast, flexible way to fund business needs, renovations, debt consolidation, or reserves—without a full refinance.
FAQs
What’s the maximum combined LTV (CLTV)?
Up to 80% on primary residences (program limits apply).
​
Do I need tax returns to qualify?
No. Qualification can be based on 12 or 24 months of bank statements.
​
What credit score is required?
Minimum scores generally start around 680.
​
What loan terms are available?
Fixed terms of 10, 15, 20, and 30 years.
​
Is an appraisal required?
An AVM is allowed up to $250K (with min 80% confidence). Above that, a full appraisal may be required.
​
Which properties are eligible?
Primary residences (program-specific occupancy and property type rules apply).
Why This Program Works for Self-Employed Borrowers
Many self-employed owners show strong cash flow but lower taxable income. A bank-statement second lien measures real deposits—not just adjusted income—so you can access equity without refinancing your first lien or risking a higher first-mortgage rate.
A Flexible Way to Unlock Equity Without Refinancing
This solution preserves your existing first mortgage while providing fixed-rate predictability and quick closings. Use funds for business capital, renovations, or consolidating higher-interest debt, all with a streamlined income review focused on your actual bank deposits.