Where the Bank-Statement HELOC Is Available: All 30 States

South and Southeast

• Florida — homestead, doc stamps, seasonal income; metro pages for Boca Raton, Fort Lauderdale, Sarasota and Tampa Bay.
• Alabama — mortgage recording tax, Huntsville contractors, Gulf Coast rentals.
• Arkansas — the Bentonville supplier economy, growers and farms, no tax on recording.
• Kentucky — dower release, the horse industry, bourbon's supply chain.
• Tennessee — mortgage tax, music royalties, Smoky Mountain cabins.
• Virginia — recordation tax, Northern Virginia contractors, Hampton Roads.
• West Virginia — energy contractors, the Gorge, smaller lines fully served.
• Texas — the 12-day wait, in-office signing, one home-equity loan at a time, both spouses sign.

Mid-Atlantic and Northeast

• Washington, DC — recordation tax, rowhouses and condos, co-ops are different.
• Maryland — county recordation tax, ground rent, federal contractors.
• Pennsylvania — no mortgage tax, trades, Marcellus royalties, the Poconos.
• Connecticut — high property taxes as a carrying cost, Fairfield County independents.
• Maine — seasonal income read in context, camps as second homes.

Midwest and Plains

• Ohio — dower release, the Columbus build-out, construction draws.
• Michigan — the PRE as a primary-residence tell, supplier shops, Up North.
• Minnesota — mortgage registry tax, both spouses sign on a homestead, cabins.
• Iowa — farm income read as it arrives, acreages versus working farms.
• Missouri — Branson and the Lake, trucking, no recording tax.
• Kansas — registration tax repealed, both spouses sign on a homestead, Wichita aviation.
• North Dakota — both spouses sign on a homestead, Bakken income, boom-cycle valuations.
• South Dakota — both spouses sign on a homestead, ranches, the Black Hills season.

Mountain West and Southwest

• Arizona — community property, solar loans, agents and snowbirds.
• Colorado — metro districts, wildfire insurance, mountain-town seasons.
• New Mexico — community property, lab contractors, the Permian, film crews.
• Utah — Silicon Slopes, direct sales, Park City and St. George.
• Wyoming — energy, ranching, Teton County values and the program cap.

West Coast and Pacific

• California — high equity, low taxable income, keeping a low first-mortgage rate.
• Oregon — wildfire insurance, Portland freelancers, wineries, Bend rentals.
• Washington — community property, tech contractors, share fishermen, the program cap.
• Hawaii — fee simple versus leasehold, condos, lava zones, visitor-driven income.

What is the same in every state

Twelve months of deposits through a read-only bank connection are the income; no tax returns, Schedule C or F, K-1s, P&L or CPA letter are requested. The line is fixed-rate per draw, fully amortized, with no prepayment penalty, in first, second or third lien position — behind an existing HELOC, a solar loan or a PACE assessment. Lines run from $25,000 to $750,000, with a full appraisal above $400,000 and an automated valuation usually sufficing below it where sales data is deep. A clean file can fund in as little as five days everywhere except Texas, where the constitutional waiting period makes it roughly three weeks.

Common questions