SELF-EMPLOYED · CASH-OUT REFINANCE
You built the
business.
You built the equity.
Use eligible bank deposits to document income, without W-2s or tax returns. Replace your mortgage and put available equity toward your next plans.
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- Rates from 5.99%Subject to credit and equity
- No W-2s or tax returnsBank-statement income review
- 680 minimum creditSubject to full approval
HOW THE NUMBERS FIT
From deposits to
a fuller picture.
Bank statements are a starting point. What matters is what the deposits actually represent.
- 01
Review deposits
Establish the eligible statement period and business ownership.
- 02
Make adjustments
Exclude transfers and other ineligible deposits; account for expenses.
- 03
Assess income
Qualifying income is calculated and the full application reviewed.
KNOW WHERE YOU STAND
Loan details.
AT A GLANCE
Bank Statement Cash-out
- Statement history
- Commonly 12 or 24 months
- Cash-out LTV
- Program- and borrower-specific
- Proceeds
- After existing liens, costs, and any limits
- Minimum credit
- 680, subject to equity and full approval
WHAT GETS REVIEWED
Your starting checklist.
- Eligible self-employment and statement history
- Sufficient equity after lender cash-out limits
- Minimum credit score of 680 and required assets or reserves
- Lender-required appraisal, seasoning, and reserves
Worth considering
A cash-out refinance replaces your current mortgage and may change the rate or extend repayment. More debt is secured by your home, so compare the full cost before you decide.
COMPARE YOUR PATHS
Change the mortgage
or add a credit line?
THIS LOAN
Bank Statement Cash-out
- New first mortgage
- Alternative income documentation
- Cash proceeds after closing costs
ANOTHER PATH
HELOC
- Usually a second lien
- Income requirements vary
- Draw during the agreed draw period
How it works.
You set the goal. Explore your options and understand what you’ll need next.
- 01
Tell your story
Start with your goal, your property and how you earn.
- 02
Explore your options
Compare the loan features that fit your situation.
- 03
Review the details
Confirm eligibility, documents, rates and total costs.
- 04
Choose your next step
Proceed when the offer and numbers work for you.
A little more clarity
Common questions.
Clear answers to help you choose your next step.
What is the maximum cash-out LTV?
There is no universal bank-statement cash-out maximum. LTV, cash caps, credit, occupancy, loan size, and reserves depend on the lender.
Will this preserve my existing mortgage rate?
No. A cash-out refinance replaces your current mortgage with a new loan at a new rate. If keeping your current rate matters, a home equity line of credit may be worth comparing.Draft, pending review
Are my business deposits all usable?
Not always. Transfers between accounts, one-off deposits and loan proceeds are usually excluded, and an expense factor may be applied to business deposits.Draft, pending review
Can I use this with a recent business?
Business-history and self-employment requirements vary. Tell us about your business and we’ll confirm what evidence and minimum history the program needs before you rely on an estimate.
Explore what your
equity could support.
Bring your business income and your home’s value into one view.
Apply Now