Jumbo and Super Jumbo Bank Statement Mortgage
Secure financing tailored for self-employed borrowers. Qualify with alternative income documentation, ideal for those without traditional income documentation.
Self-Employed Home Loan Options:
Self-Employed borrowers qualify for jumbo and super jumbo alternative income loans up to $10,000,000 with bank statement income documentation.
4 Bank Statement Loan Options:
1.12-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary
2. 24-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary
3. 12-Months Personal Bank Statements – Expense Factor Percentage – N/A, 0% (100% deposit utilization)
4. 24-Months Personal Bank Statements Expense Factor Percentage – N/A, 0% (100% deposit utilization)
* 3 Month and 6 Month Options Also Available
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
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.