No-Doc HELOC Lenders (2026): Compare Programs & 11 Questions to Ask

Quick answer

Several lenders publish no-tax-return HELOC programs that qualify you on 12–24 months of bank statements, a P&L, or a rental's income. Published minimum credit scores run about 620–700, maximum combined loan-to-value about 75–90% depending on occupancy, and lines up to roughly $500,000–$1 million. Many are wholesale programs available only through a mortgage broker, and published estimates put pricing about 0.25 to 3 points above full-documentation HELOCs.

No-doc HELOC lenders at a glance (2026)

These lenders publicly advertise HELOCs or second liens that qualify without tax returns. Figures are what each lender or a reputable reviewer published; where a lender's own pages conflict, both numbers are shown.

Lender / program	How you qualify	Min FICO	Max CLTV	Max line	How you access it
Truss Financial Group	12–24 mo bank statements	620–660 (its pages differ)	85%	$750K to $3M (its pages differ)	Direct and broker
Angel Oak Bank Statement HELOC	Business or personal bank statements	700 (720 for 85%)	85%	$750K business / $500K personal; 80% initial draw	Wholesale (through a broker)
Deephaven Equity Advantage	12 mo bank statements; DSCR option	660 (700 investment)	90% / 85% / 75%*	$1M	Wholesale (through a broker)
Verus HELOC	Standard or bank statements	680	80%	$500K	Wholesale (through a broker)
Griffin Funding	12 mo bank statements; DSCR HELOC	640 (680 second/investment)	90% / 85% / 75%*	$500K	Direct to consumer
Brokers First Funding	Bank statements, CPA P&L, or DSCR	680	90%	$1M	Wholesale (through a broker)
Farm Bureau Bank	Bank statements, 1099s, other alt-doc	Not published	Not published	$750K; 80% initial draw	Direct
Mortgage Depot	12 mo bank statements	660	85% / 80%	$750K	Not published

*Primary / second home / investment property.

Published terms as of the dates in the sources below. Lender programs change often and some sources conflict; verify current terms with each lender. HELOCpedia is not affiliated with the lenders named.

Spring EQ and Newrez were checked and are not listed: Spring EQ's published HELOC matrices require tax returns from self-employed borrowers, and Newrez's non-QM Smart Series is first-lien only.

What actually differs between no-doc HELOC lenders

Minimum initial draw. Some programs (Angel Oak, Farm Bureau Bank) require you to draw at least 80% at closing, so interest starts on most of the line immediately. That's a poor fit if you want a standby line.
Loan-to-value by occupancy. Limits commonly step down from about 90% on a primary home to 85% on a second home and 75% on a rental.
How deposits are counted. Business-account deposits usually have an expense factor applied, often 50%. A CPA letter showing lower expenses can raise your qualifying income.
Variable vs. fixed. Many non-QM HELOCs are variable, prime-based, and interest-only during the draw.
Reserves. Some want 3–6 months of payments in the bank; others don't require reserves.
Channel. Wholesale programs (Angel Oak, Deephaven, Verus, Brokers First Funding) are only available through a mortgage broker or loan officer, so a broker can quote several at once.

What no-doc HELOCs cost

Published estimates put alternative-documentation HELOC pricing roughly 0.25 to 3 percentage points above a comparable full-documentation HELOC. The Mortgage Reports estimates 0.25–0.75 points for bank statement programs and 0.50–2.00 points for no-doc options, while LendEDU says 1–3 points. On a $50,000 balance, each point is about $500 a year in interest. Where you land depends mostly on credit score, loan-to-value, and documentation type.

11 questions to ask any no-doc HELOC lender

Exactly what documentation do you need, and for how many months? Can I mix personal and business statements?
What expense factor do you apply to business deposits, and how do you treat transfers and one-time deposits?
What's the maximum combined loan-to-value for my occupancy and credit score?
Is the rate fixed or variable? What are the index, margin, adjustment frequency, cap, and floor?
Is there a minimum initial draw or minimum balance? Can I redraw right away?
How long are the draw and repayment periods? Is the draw interest-only? Is there a balloon payment?
What are all the fees: origination, appraisal, application, annual, inactivity, and early termination?
Do you use an automated valuation or require a full appraisal?
How many months of reserves do you require?
Are you the lender or a broker, and are you licensed in my state for this property type?
How does your rate compare with your full-documentation HELOC for the same profile?

Where our program fits

We qualify self-employed borrowers on bank statements, a P&L, 1099s, or assets, with debt-to-income up to 50%, up to 90% combined loan-to-value in certain cases, and one year of self-employment when cash flow is strong. Rentals, including LLC-owned properties, qualify too. Ask us the same 11 questions; we'll answer them in writing.

Sources

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FAQ

Which lenders offer no-doc HELOCs?

Lenders that publicly advertise no-tax-return HELOCs in 2026 include Truss Financial Group, Angel Oak, Deephaven, Verus, Griffin Funding, Brokers First Funding, Farm Bureau Bank, and Mortgage Depot. Several are wholesale programs available only through a mortgage broker.

What credit score do I need for a no-doc HELOC?

Published minimums run about 620 to 700, with higher scores often required for the highest loan-to-value or for investment properties.

How much more does a no-doc HELOC cost?

Published estimates put alternative-documentation HELOCs roughly 0.25 to 3 percentage points above comparable full-documentation HELOCs, depending on documentation type, credit, and loan-to-value.

Do no-doc HELOCs require a minimum draw?

Some do. Angel Oak and Farm Bureau Bank, for example, require drawing at least 80% of the line at closing. Ask any lender about minimum initial draws before you apply.

Is a no-doc HELOC the same as a stated-income loan?

No. Modern no-doc HELOCs verify income with bank statements, a P&L, assets, or a property's rent; they just don't use tax returns.

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No-Doc HELOC Lenders: How to Compare Them (2026)