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Bank Statement HELOC – No Refi Required
Flexible Cash Access for the Self-Employed and Investors
Unlock equity without refinancing your first mortgage. Perfect for borrowers who want quick access to funds while keeping their current low-rate loan intact.
FAQs
Q: What’s the maximum loan amount?
A: Up to $750,000 for business loans and $500,000 for personal loans.
Q: Is there a minimum draw requirement?
A: Yes — minimum draw is 80% with at least $125,000.
Q: Can I use the funds for any purpose?
A: Yes, there are no restrictions on the use of funds.
Q: What properties are eligible?
A: Owner-occupied, second homes, and investment properties.
Q: What repayment options are available?
A: Multiple draw/repay term options, including 15- and 20-year structures, with interest-only payments during the draw period.
Why This Program Works
This HELOC option is built for flexibility — whether you’re a self-employed borrower or investor, you can tap significant equity without disturbing your existing mortgage. The interest-only draw period keeps monthly payments manageable, and multiple term options make repayment adaptable to your cash flow needs. No restrictions on fund usage mean you can invest, renovate, or cover large expenses as you see fit.
A Smarter Way to Access Equity
Instead of refinancing and losing a favorable interest rate, this program lets you add a second position loan to your existing mortgage. With generous loan amounts, flexible terms, and broad property eligibility, it’s a practical tool for keeping costs low while still unlocking the cash you need.