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Bank Statement Jumbo Mortgage

Bank Statement Loan $4,000,000. Max LTV 90%

Bank Statement Jumbo Mortgage: Borrow up to $4,000,000 with a maximum 90% LTV

Maximum LTV/ Minimum Credit Score:

90% LTV- 700 Credit Score

85% LTV – 680 Credit Score

85% LTV, 660 Credit Score

Required Reserves (Cash Out Qualifies as Reserves):

Loan Amount $1,500,000 – 6 Months

Loan Amount $2,500,000 – 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 – $3,000,000 – 80% Max LTV

Loan Amount – $4,000,000 – 75% 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.

Alternative Income Documentation

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