Self-employed

Self-employed? Your deposits do the talking.

Qualify with your business bank account instead of a stack of tax returns. Check your number in 60 seconds.

100% free & no obligation
Soft pull. Won't hurt your score
Results in under 60 seconds

Can you get a HELOC if you're self-employed?

Yes. Instead of digging up tax returns, you can connect your business bank account and let your deposits show your income.

Retirement, pension and Social Security income count too, and a household member's deposits to the home can help.

Why self-employed homeowners choose this HELOC

Connect, don't upload

Link your business account securely. Deposits show your income.

A fair expense count

With 680+ credit, expenses count at 50% of deposits when your real costs run higher.

Household income counts

A household member's deposits to the home can count too.

Fixed rate

Lock it for 10, 15, 20 or 30 years.

Instead of tax returns: Bank deposits; Instead of tax returns
10 to 30 years: Fixed rate; 10 to 30 years
Of your home's value: Up to 89%; Of your home's value
Out of pocket at closing: $0; Out of pocket at closing

How is self-employed income counted?

Your income is your business deposits minus your expenses. With 680+ credit, expenses count as the lower of your real costs or 50% of deposits.

Example: $300,000 in deposits and $200,000 in costs. Real costs leave $100,000, but at 50% your income counts as $150,000.

How it works

1
Check your number
A few questions. No credit pull.
2
Pick your amount
Slide to the cash you want and see your payment.
3
Apply online
Sign online and get your money.

See my potential savings

Who qualifies

Credit score of 620 or higher
Home in your name or a revocable family trust
Owned for more than 90 days
No bankruptcy in the last 4 years
Mortgage payments current, no 30-day late in the last 2 years
Single-family home, townhome, condo or planned community
A business bank account in your name or your business's name

Self-employed HELOC questions

Do I need tax returns?

Not usually. Connecting your business bank account can verify your income.

How is my income figured?

Business deposits minus expenses. With 680+ credit, expenses count as the lower of your actual costs or 50% of deposits.

Do I need to prove I own the business?

Usually it's verified automatically. If not, a K-1 or operating agreement does it.

Will checking hurt my credit?

No. Seeing your numbers takes no credit pull. A soft pull comes only when you apply.

Where is it available?

46 states and DC. Not yet in California, Hawaii, Massachusetts, Nevada or New York.