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Bank Statement HELOC

  • Loan amounts up to $500,000
  • Revolving line of credit
  • Interest only payments during draw period
  • Loan terms from 15 to 25 years
  • Available on first and second lien positions
  • Business Bank Statements
  • Full doc available
  • Owner-occupied, second homes, and non-owner occupied
  • Eligible for US citizens and permanent resident aliens
  • No restrictions on how funds can be used

    *Owner occupied program is not available in TX

    *Program only allowed on investment properties in TN

Min Fico


(Up to 85% CLTV)



(Minimum 700 FICO)

Angel Oak’s Bank Statement Home Equity Line of Credit (HELOC) is designed specifically for self-employed bank statement borrowers. This program enables self-employed borrowers to tap into their home’s equity while retaining their first mortgage. The HELOC is a revolving line of credit, and borrowers can borrow as much of the approved credit limit needed during the draw period.


*must draw at least 80% of loan amount at time of closing, with a minimum draw amount of $100k

What is a Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) is a flexible financial product that allows homeowners to leverage the equity in their homes as collateral for a revolving line of credit. This credit line, similar to a credit card, enables borrowers to access funds as needed during a specified draw period. The amount available for borrowing is determined by the difference between the home’s current market value and the outstanding mortgage balance. HELOCs consist of a draw period where funds can be accessed and a subsequent repayment period. Borrowers can use the funds for various purposes, and the loan is secured by the home’s equity.

Additional Programs

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