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Better Home & Finance Holding Company (NASDAQ: BETR) has introduced a new Bank Statement Home Equity Line of Credit (HELOC) program, designed to serve self-employed borrowers and small business owners who traditionally struggle with traditional HELOC underwriting. This AI-driven initiative, launched on September 30, 2025, leverages the company's innovative Tinman® AI platform to offer a seamless and flexible underwriting process.

The new program accepts 12 or 24 months of personal or business bank statements for income qualification, eliminating the need for tax returns, P&Ls, or W2s. This streamlined process enables borrowers to verify their income and access their home equity as cash without the traditional barriers. The program is specifically tailored for small business owners, freelancers, independent contractors, and gig economy workers, as well as professionals with complex income patterns.

Better.com's CEO and Founder, Vishal Garg, noted that the new program aims to consolidate high-interest debt for its customers. According to internal data, Better's HELOC customers have consolidated $193 million in debt, generating an average monthly savings of $1,120 in Q2 2025. The program's AI-driven approach helps in detecting alternative sources of data and automating verification, providing an underwritten approval nearly instantly.

The Bank Statement HELOC program addresses a significant pain point for self-employed households, who have historically been unable to qualify for HELOCs despite having strong credit and cash flow. By expanding access to home equity, the program is poised to capture over 6,000 previously denied customers, translating to $600 million in potential home equity loans.

Better Mortgage Corporation, a wholly owned subsidiary of Better Home & Finance Holding Company, anticipates that this new product will further catalyze the company's growth, which has seen over 150% year-over-year growth in HELOC volume. The program is accessible through Betsy™, Better's AI loan assistant, making it simple, fast, and available 24/7.

This new offering underscores Better.com's commitment to making homeownership cheaper, faster, and easier for all Americans, particularly those who may not fit the traditional W2 mold. By leveraging AI technology, Better.com continues to innovate and expand its product suite, providing valuable financial solutions to a broader range of borrowers.