Providence, RI · Member since 2018 · 81 posts · 25 votes
Are there any lenders offering HELOCs for small business owners who primarily use bank statements to qualify, especially those with write-offs? The credit score is around 720, and the property is owner-occupied, which might simplify the process. Any recommendations would be greatly appreciated!
Yes Helocs using bank statements absolutely do exist. I have access to it with a few of my lenders. 12 or 24 month bank statements, 15-30 year loan terms.
Yes Helocs using bank statements absolutely do exist. I have access to it with a few of my lenders. 12 or 24 month bank statements, 15-30 year loan terms.
Lender · Nationwide Lender / Novus Home Mortgage, a division of Ixonia Bank / NMLS #423065; Craig Warner / NMLS #129642 · Member since 2024 · 78 posts · 15 votes
Are there any lenders offering HELOCs for small business owners who primarily use bank statements to qualify, especially those with write-offs? The credit score is around 720, and the property is owner-occupied, which might simplify the process. Any recommendations would be greatly appreciated!