Jumbo and Super Jumbo Bank Statement Mortgage
Self-Employed borrowers qualify for jumbo and super jumbo alternative income loans up to $10,000,000 with bank statement income documentation.
Self-Employed Home Loan Options:
Secure financing tailored for self-employed borrowers. Qualify with alternative income documentation, ideal for those without traditional income documentation.
4 Bank Statement Loan Options:
- 12-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary
- 24-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary
- 12-Months Personal Bank Statements – Expense Factor Percentage – N/A, 0% (100% deposit utilization)
- 24-Months Personal Bank Statements Expense Factor Percentage – N/A, 0% (100% deposit utilization)
Asset Depletion Utilization
Supplement income with Asset Depletion as an additional or stand alone source of income
Flexible Interest Only and 40 Year Loan Terms
Choose from 10-year interest-only periods with 30- and 40-year fixed-rate options, tailored for Non-QM mortgage needs.
Available Fixed Rate Terms:
* 30 Year Fixed/ 30 Year Amortization
* 40 Year Fixed/ 30 Year Amortization
* 40 Year Fixed/, 10 Year Interest-Only Period Rolls into 30 Year Fixed/ 30 Year Amortization
Super Jumbo Loan Amounts/ Credit Score/ Loan to Value:
| Loan Amount | Credit Score | Loan to Value |
|---|---|---|
| $10,000,000 | 740 | 85% LTV |
| $10,000,000 | 720 | 80% LTV |
| $10,000,000 | 700 | 75% LTV |
| $10,000,000 | 680 | 70% LTV |
| $10,000,000 | 660 | 65% LTV |
DTI & Disposable Income
- Debt to Income/ Disposable Income Requirements
- 43% DTI with $3000/month
- 50% DTI with $3500/month
- 55% DTI with $4000/month
Eligible Property Types:
Single Family Residence (Attached and Detached) * Condo <4 stories * Non-Warrantable Condo * 2-4 Unit
Eligible Occupancies:
Owner-Occupied, Non-Owner-Occupied, Second Home
Underwriting Notes:
* Housing Payment History – 0 Lates – Previous Two Years
* Occupancy: Primary Residence – 580 Middle Credit Score
* Investment Property – 630 Middle Credit Score
* ITIN or Foreign National Not Allowed
* 15% Gift Funds Allowed on Primary Residence w 5% Borrower Contribution
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.