Bank Statement Loan $4,000,000. Max LTV 85%
Bank Statement Jumbo Mortgage: Borrow up to $4,000,000 with a maximum 90% LTV
Maximum LTV/ Minimum Credit Score Requirements
* 90% LTV- 700 Credit Score
* 85% LTV- 680 Credit Score
* 80% LTV – 640 Credit Score
* 75% LTV, 620 Credit Score
Required Reserves (Cash Out Qualifies as Reserves):
* Loan Amount $2,000,000 – 6 Months
* Loan Amount $3,000,000 – 9 Months
* Loan Amount $4,000,000 – 12 Months
* R/T Refinance – 0 Months @ 70% LTV or less
Loan Amount – 700 Credit Score:
* Loan Amount – $3,500,000 – 90% Max LTV
* Loan Amount – $4,000,000 – 85% Max LTV
Eligible Occupancies:
* Primary Residence
* Second Home
* Investment
Eligible Property Types
* Single Family Attached
* Single Family Detached
* Condominium 85% Max LTV
Eligible Citizenship:
* US Citizen
* Permanent Resident Alien
* Non-Permanent Resident Alien
Maximum DTI 50%. 55% exceptions
* Required Credit:
* Credit Credit Event Seasoning 48 months
* Mortgage Payment 12 Month History – 1×30 OK
* Gift Funds
* 10% Gift & 5% Borrower Contribution on Non-Owner-Occupied
* 100% Gift is OK on Owner Occupied (no LTV restrictions)
* Outside Second Mortgage OK 95% CLTV Maximum
Available Terms:
* 30 Yr Fixed – with or without Interest Only. 15 Year I/O – 30 Year Amortization
* 40 Yr Fixed – with or without Interest Only. 15 Year I/O – 30 Year Amortization
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, and Wisconsin.