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.