Bank Statement Loan $4,000,000. 90% LTV
Bank Statement Jumbo Mortgage: Borrow up to $4,000,000 with a maximum 90% LTV
LTV/ Credit Score
- 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
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
Underwriter Notes:
- 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
- Cross collateralization OK
- Gift Funds OK
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.
Last Updated on 2 months ago by Broker Mortgages