Self Employed HELOC: Tap Your Equity Without Tax Returns
By Travis Penny, mortgage broker ·
Last updated October 14, 2026
If you want the program details in one place, start with my self employed HELOC page. Here's how it works and who it fits.
Can I get a HELOC without tax returns?
Yes. Some programs qualify you on bank statements or a P&L, so the write offs on your returns don't sink the deal.
What is a bank statement second mortgage?
It's a closed end second that sits behind your first. You keep your first mortgage as is and take cash out in one lump sum, qualifying on deposits.
HELOC or closed end second?
A HELOC is a line you draw on when you need it. A closed end second is a lump sum with a set payment. I'll lay out both for you.
What about rentals?
Use my DSCR HELOC. It qualifies on rent.
Where to go from here
My self employed HELOC page has the full rundown, and the qualify quiz tells you in two minutes if it's worth a call.
FAQ
Can a self employed person get a HELOC?
Yes. I qualify self employed owners on bank statements or a P&L in Maine and Florida. Not everyone will qualify.
Can I get a HELOC with no tax returns?
Yes, with a bank statement or P&L program.
Will this change my first mortgage?
No. Your first stays exactly as it is.
Can I get a HELOC on a rental?
Yes, with my DSCR HELOC.
Ready for the next step? Take my 2 minute qualify quiz, send me your scenario through the contact form, or apply now. You can also text me at (207) 615-7770 or email Travis@travis.mortgage.
Travis Penny