Florida Homeowners No-Doc HELOC
Access up to 89% of your home’s equity. Income verified with bank deposits. No tax returns, W-2s, or pay stubs required.
Debt Consolidation
Home Renovation
Real Estate Investing
Business Opportunities
Less Paperwork, More Flexibility
Instant income verification using your bank statement deposits as income. No tax returns, W-2s, or pay stubs required. Ideal for self-employed borrower.
Minimum 620 Credit Score
We use the highest score of all borrowers for qualifying. Soft credit pulled used in qualifying with no inquiry to your credit.
Automated Valuation Method (AVM)
Your home value is determined instantly with an AVM. No need to pay or wait for a full appraisal report.
Funding as fast as 5 days
Same day approvals and loan signing via a virtual Notary. Funding as fast as 5 days.
Your equity. A lot of opportunity.
See your potential home equity line amount using our quick calculator.
- An estimate in seconds
- No personal information required
- No credit check to use the calculator
Illustrative estimate only. Actual eligibility, maximum LTV, loan amount, rate, fees and timing vary by borrower, property and program guidelines.
620+ Credit Score
Sufficient Home Equity
Primary or Investments Properties
Fast Approval and Funding
A little more clarity
Good questions. Straightforward answers.
What is a No-Doc HELOC?
A home equity line of credit (HELOC) lets eligible homeowners access available equity. “No-Doc” means traditional income documents such as tax returns, pay stubs, and W-2s may not be required. Income is still verified through alternative documentation, such as bank deposits.
How is the 89% equity estimate calculated?
The illustrative maximum total debt is 89% of your estimated home value. Subtract your current mortgage balance to estimate potential available HELOC funds. For example, a $600,000 home with a $300,000 mortgage gives an estimated $234,000 in available equity. Actual limits depend on your property and qualification.
Will checking my options affect my credit?
The initial options check uses a soft credit pull, which is not a hard inquiry. A full application may involve additional credit review; confirm the requirements before proceeding.
How quickly can I receive funds?
Funding may be available as soon as 5 days. This is a target, not a guarantee, and depends on underwriting, appraisal, title, eligibility, and other conditions.
Which properties may qualify?
Primary residences and investment properties may be eligible, subject to property-specific program guidelines, sufficient equity, and borrower qualification.
Ready to Unlock Your Home Equity?
Explore flexible No-Doc HELOC options with Island Mortgage Inc. and discover how your home equity may help you achieve your financial goals.