Stated Income to $4,000,000 - 740 Credit Score

Forms 4506-T and 4506-C Not Required

Jumbo Loan Amounts

  • $500,000 Minimum
  • $4,000,000 Maximum

Acceptable Liquid Assets: | Verification of Deposit form or 2 months of consecutive bank statements

  • Checking Account(s)
  • Savings Account(s)
  • CD's
  • Money Market Funds
  • Stocks/Bonds
  • Retirement (unseasoned distribution payments allowed for DTI qualification)
  • Residual income

Eligible Property Types

  • Single Family Residence -SFR
  • Townhomes
  • PUDS
  • Condos - 4 stories max

Available Terms

  • 5 and 7 Year ARMs
  • 15 year fixed
  • 40 Year Amortization
  • Interest-Only Available

Credit Requirements

  • Property Value: If the subject property exceeds $3,500,000 value - 2 appraisals required
  • Mortgage Credit Scores - Middle of 3 or Lower of 2
  • No bankruptcies or foreclosures or consumer credit counseling allowed
  • All collections, liens, judgments, and charge-offs
  • Consumer debt - 2 30-day lates ok in last 12 months and no lates on installment debt in the last 12 months
  • No mortgage lates for previous 2 years
  • Minimum of 4 open credit accounts required and 2 open and active with a 2-year history

Underwriter Notes and Highlights:

If borrowers current property is going to be rented out / turned into an investment property, rental income can be qualified as additional income.

  • No REO's
  • The property must be in good and livable condition
  • Refinance - must pay off existing mortgage liens
  • No Cash Out (1% or $1000 max)
  • For refinance - 6 months seasoning from purchase date and ownership cannot be transferred via transaction
  • 6 months seasoning required from the time of purchase if the subject property value has increased more than 10%

Market Value Seasoning: If the property is currently listed on the MLS, must be removed from the MLS prior to the application date

  • Permanent Resident Aliens OK
  • No Mortgage / Real Estate, Construction, Property Management or Real Estate Investors allowed
  • No Non-Occupant Borrowers allowed
  • Max 4 financed properties allowed
  • "Gift" down payment is OK if at least 5% is coming from the borrower.
  • W-2 employee borrowers must have the same line of work job history for 2 years, no exception 
  • Self Employed borrowers must have the same line of work job history for 2 years, no exceptions.
  • The business phone will be verified via 411 directories or internet


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Available in the following states: 

Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Maine, Maryland, Massachusetts, Michigan, Missouri, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin