Jumbo and Super Jumbo Bank Statement Mortgage to 10 Million Loan Amount
Self-Employed Home Loan: "Alternative income Documentation"
- 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
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.