Non-Prime Super Jumbo Bank Statement Loan

Maximum Loan Amount - $4,000,000

 

Contact a Loan Officer

Invalid Input
Invalid Input
Please let us know your email address.
Please let us know your message.
Invalid Input
 

Be advised, the following Credit Scores are Mortgage Credit Scores - Consult a Mortgage Professional to be properly pre-qualified without having your credit checked

No Liquid reserve requirement

Short Sale seasoning - 1 day 

Alternative Documentation for Self Employed:

Form 4506T Not Required (no tax returns before, during or after Close of Escrow)

24 consecutive months Personal or Business bank statements

Purchase Loans:

  • 90% LTV - 700 Middle Credit Score
  • 85% LTV - 650 Middle Credit Score
  • 80% LTV - 600 Middle Credit Score
  • 75% LTV - 550 Middle Credit Score
  • 65% LTV - 500 Middle Credit Score

Cash Out Refinance:

  • 75% LTV - 700 Middle Credit Score
  • 75% LTV - 650 Middle Credit Score
  • 75% LTV - 600 Middle Credit Score
  • 70% LTV - 550 Middle Credit Score
  • 65% LTV - 500 Middle Credit Score

Full Doc for Salary Employee - W-2's and 30 days paycheck subs 

Or

Full Doc for Commission Professional - 2 years 1040's and Profit and Loss Statement

Liquid Assets not required

Jumbo Maximum Loan Amount - $3,000,000

90% LTV:

No mortgage lates

Bankruptcy and Foreclosure3 years seasoned

Property Types:

  • Single Family Residence
  • Condo
  • Non-Warrantable Condos
  • Townhouse
  • 2-4 Unit
  • Condotels case specific

Rural properties OK for A through B- credit grades

Occupancies:

  • Owner Occupied
  • Non Owner Occupies
  • Second Home

Debt-to-Income Ratio

50%

For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and 50% of Business Bank Statement deposits

-Let a Mortgage Professional qualify your debt ratio

LTV / Credit Score

  • 90% - 700
  • 85% LTV - 650
  • 80% LTV - 600
  • 75% LTV - 550
  • 65% LTV - 500

 

R 3-9-20-1-4-5-12