Jumbo and Super Jumbo Bank Statement Mortgage to 10 Million Loan Amount

Self-Employed Home Loan: "Alternative income Documentationation"

  • 12 and 24 Months Bank Statements
  • Asset Depletion Utilization (in conjunction or as a stand-alone source of income)
  • Expense Factor - Underwriter Discretion Per Business Profile Description Summary

Available Terms:

  • 30 Year Fixed Fully Amortized
  • 40 Year Fixed Fully Amortized
  • Interest-Only - 10 Year Term Available:

Jumbo Loan Amounts:

  • $10,000,000: 720 Credit Score - LTV - 55%
  • $7,500,000: 700 Credit Score - LTV - 60%
  • $5,000,000: 660 Credit Score - LTV - 65%
  • $3,000,000: 620 Credit Score - LTV - 55%

Underwriting Notes:

  • Housing Payment History - 0 Late's Previous Two Years
  • Eligible Property Types: Single Family Residence, Condo, Non-Warrantable Condo, 2-4 Unit
  • Eligible Occupancies: Owner-Occupied, Non-Owner-Occupied, Second Home

Debt to Income Ratios:

  • 43% with $2500 Disposable Income.
  • 50% with $3000 Disposable Income

Primary Residence - 610 Middle Credit Score

Investment Property - 630 Middle Credit Score

ITIN or Foreign National Not Allowed

15% Gift Funds Allowed on Primary Residence

 

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 | Washington