Bank Statement Home Equity Loans

Starting at 6.75% / 7.19% APR

Have a low rate and don’t want to touch it? Get a Bank Statement Home Equity Loan to get cash-out today!

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Bank Statement Home Equity Loan: Program Highlights & Borrower Benefits

Our Bank Statement Home Equity Loan (HELOAN) is designed for self-employed borrowers who want to access equity without providing traditional tax returns.

Instead of qualifying based on W-2 income or net income after write-offs, we use 12–24 months of bank statements to determine your true earning power.

If you run a business and show strong deposits, this program works in your favor.

Tap your equity without being penalized for smart tax planning.

Family in kitchen

Program Features

Loan Amounts: $100,000 to $1,000,000 (varies on loan to value)

Occupancy: Owner-occupied, second home, and non-owner occupied available

Min Credit Score: 660+ (680+ preferred for better terms)

Property Types: Single family residence, condo, 1-4 units

Max CLTV: Up to 85% combined loan-to-value depending on profile

Occupancy: Non-owner occupied (investment only)

Income Documentation: 12–24 months of personal or business bank statements, CPA P&L

Loan Type: Fixed-rate second mortgage (separate from your first loan)

Tax Returns: Not required

Reserves: Typically 3–6 months required

No refinance required.
Keep your low first mortgage rate.
Access equity strategically.
Your deposits tell the story — not your deductions.

Program Highlights

Loan Amounts: $100,000 to $1,000,000 (varies on loan to value)

Min Credit Score: 660+ (680+ preferred for better terms)

Max CLTV: Up to 85% combined loan-to-value depending on profile

Income Documentation: 12–24 months of personal or business bank statements, CPA P&L

Tax Returns: Not required

Occupancy: Owner-occupied, second home, and non-owner occupied available

Property Types: Single family residence, condo, 1-4 units

Loan Type: Fixed-rate second mortgage (separate from your first loan)

Reserves: Typically 3–6 months required

No refinance required.
Keep your low first mortgage rate.
Access equity strategically.
Your deposits tell the story — not your deductions.

How It Works

Apply Online

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes.

Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved.

Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will fund.

Apply Online

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes.

Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved.

Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will fund.

Equinox Makes Equity Access Strategic

At Equinox, we understand self-employed borrowers:

  • Write off aggressively
  • Have variable monthly income
  • Carry multiple revenue streams
  • Don’t qualify under traditional DTI models

We analyze deposits carefully before submission to:

  • Strengthen income calculation
  • Avoid underwriting surprises
  • Protect approval speed
  • Preserve your first mortgage rate

Because refinancing at a higher rate just to pull cash rarely makes sense.

Smart borrowers protect low-rate debt.

Woman twirling girl

Why Choose a Bank Statement Home Equity Loan?

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Business owners needing working capital
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Entrepreneurs expanding operations
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Borrowers consolidating higher-interest debt
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Investors funding down payments on new properties
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Homeowners keeping their low first mortgage rate
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Self-employed borrowers denied conventional HELOCs
If you have equity and strong deposits, you may qualify.
Equity should be usable — not trapped.

When This Loan Is NOT a Fit

Q

If your bank deposits are inconsistent

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If your credit profile is weak
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If you lack sufficient equity
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If refinancing into a lower rate makes more sense
Sometimes cash-out refinance is smarter.
Sometimes a second lien is smarter.
We structure what’s optimal — not just what’s available.

We are the Alternative Mortgage Financing Experts.

At Equinox Home Financing, we've helped thousands of borrowers purchase and refinance homes using some of the industry's most innovative financing solutions. Put our knowledge and experience to work for you. Contact us today for a free quote and consultation.

Funded Home Loans

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Application to Closing Conversion

Funded Home Loans

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Answers to Your Questions

What is a Bank Statement Home Equity loan?
A Bank Statement Home Equity loan allows you to take a cash-out loan without touching your existing loan. It is for someone who is self-employed but can’t prove their income. Typically, this borrower has a lot of tax deductions and writes off a lot of expenses; therefore, on paper, the net income is too low to be used for a traditional home equity loan program. Here at Equinox, we have the option to not use your income, and we verify that by using your bank statements instead. With a Bank Statement Home Equity loan, homeowners can take cash-out for various purposes, such as home improvements, debt consolidation, or other financial needs.
Is My Credit Score a Factor in Getting Approved?
When doing a Bank Statement Home Equity loan, we do look at your credit score. These programs generally require at least a 680 FICO score, and your credit score does impact the maximum cash-out that you are able to take out. If your financial situation makes sense today, we can lend you the money you need for a Bank Statement Home Equity loan.
What Kind of Loan Terms Do You Offer?
There are two major types of Bank Statement Home Equity loans: a Home Equity Line of Credit (HELOC) and a Home Equity Loan (HELOAN). Both are loans that allow you to take cash out using the equity in your home. A HELOC works like a credit card, allowing you to borrow up to a certain limit and repay over time. A HELOAN is a closed-end second loan that operates like a second mortgage. Generally, HELOANs have 30-year fixed-rate options.
How Do I Get Qualified?
The process is simple. When most people call us, they are usually skeptical about the program and whether they can really qualify. Here at Equinox Home Financing, we have been providing these programs since they were made available and have been able to help many borrowers take cash-out on their homes. The first step is to call us; a professional will help consult you and explain how our programs work in detail. There are many types of programs, and it’s best to speak with us so we can guide you in the right direction.
What Type of Properties Can I Finance?
It depends on what type of loan program you are qualified for. We have Bank Statement Home Equity loan options for owner-occupied, second home, and investment properties. We can lend on single-family residences, condos, and 1-4 unit properties.
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