Connect with a Broker (800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906

Search

Bank Statement Mortgage to $10,000,000

Jumbo and Super Jumbo Bank Statement Mortgage $10,000,000

10-year Interest-Only Period available on fixed rates (30-year & 40-year).

Self-Employed Home Loan:

Alternative Income Documentation

  • 4 Bank Statement Options: (this loan program)
    • 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)
    • See three-and six-month options.
  • Asset Depletion Utilization (in conjunction or as a stand-alone source of income)

Available Terms:

  • Fixed Rate:
    • 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
  • ARM:
    • N/A

Super Jumbo Loan Amounts/ Credit Score/ LTV Matrix:

Loan AmountCredit ScoresLTVs
$10,000,00072070%
$10,000,00070075%
$10,000,00068070%
$10,000,00066065%

DTIs ~/ & Disposable Income

  • DTI/ Disposable Income Requirements ~
    • 43% with $2500 Disposable Income.
    • 50% with $3000 Disposable Income

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.