Self-Employed HELOC: How Each Program Handles Business Income

NFTYDoor can use linked business-bank account activity in qualifying scenarios. The current approach applies approximately a 35% expense factor to qualifying deposits, then adjusts for ownership percentage. Example: $10,000 in qualifying monthly business deposits × 65% = $6,500 after expense factor × 50% ownership = approximately $3,250 monthly qualifying income. Generally requires around 680 FICO for the business-bank path.

HELIX has a similar linked-business-account path available in qualifying scenarios. The specific expense factor and credit requirements should be confirmed for current execution. HELIX's primary wage earner credit approach (Equifax FICO 8) applies here as well.

Figure uses an automated proprietary analysis of business-bank activity rather than a simple universal expense factor. The specific methodology differs from NFTYDoor's straightforward percentage approach. Figure's automation can be an advantage for borrowers with clean, consistent business deposits.

Deephaven is the most flexible for self-employed borrowers with complex income. It accepts actual 12-month personal bank statements or 12-month business bank statements as a qualification method — not just linked-account snapshots. This is a full non-QM bank-statement program, which can be meaningful for borrowers with significant deposits that don't show up cleanly in tax returns.

Aven uses linked banking and income verification but is not positioned as a dedicated non-QM bank-statement program. It may work well for self-employed borrowers with strong credit and relatively straightforward income, but is generally not the first comparison for borrowers with complex self-employment income.