Home / HELOC / Bank-statement HELOC
Updated September 2026
Bank-statement HELOC
Bank statements. Not tax returns. A line up to $1M.
A THEMONEYDOOR bank-statement HELOC uses deposits and assets instead of a tidy W-2. The guideline goes up to $1M. Asset utilization counts. You can vest in an LLC. Non-warrantable condos are allowed. This is still a HELOC: the first mortgage stays put, you draw what you need, and you pay interest on what you use. Up to $1M is the screen, not a promise. HELOC only in GA, FL, TN, AL, NC, SC. Outside those 6 states, HELOC is a no. Send the DSCR.
The screen
| Bank-statement HELOC | Guideline |
|---|---|
| Max line | Up to $1M |
| Income | Bank statements, not tax returns |
| Assets | Asset utilization allowed |
| Vesting | LLC allowed |
| Condos | Non-warrantable allowed |
| First mortgage | Stays in place |
What we fund
- Self-employed owners
- LLC holders who want a line, not a new first
- Non-warrantable condo buildings
What we still need. Short list.
- Bank statements that match the guideline
- Equity. Combined loan-to-value on HELOCs is often 80 to 85%
- Credit reviewed. The quote form is not a hard pull
Questions
Do I need two years of tax returns?
No. This program is bank statements and assets.
Does the first mortgage get refinanced?
No. That is the reason to use a HELOC.
Are non-warrantable condos really allowed?
Yes on this HELOC guideline. No HOA budget reserve requirement and no investor-concentration cap on the non-warrantable condo program.
Is $1M guaranteed?
No. Up to $1M is the screen.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.