Non-QM Income Documentation Options Documentation
Our Super Jumbo Bank Statement Loan allows self-employed borrowers and wage earners (co-) looking qualify for a mortgage without your tax returns because for this loan program, tax returns and your Profit & Loss statement are not needed. Your approval will be based on a 12 or 24-month history of personal or business bank statements. We make it easy for entrepreneurs, independent professionals, and those with complex income streams.
Self-Employed & W2 Income Documentation Options
- 24-month bank statement program available up to $10,000,000.
- Loan program is good for both self-employed and W-2 (co-) borrowers
* Debt-to-Income (DTI) Ratio | * Maximum allowable DTI of 55%
Loan-to-Value (LTV), Loan Amount & Credit Score Guidelines
- 75% LTV to $1,500.000 – 640 credit score
- 75% LTV to $2,000,000 – 650 credit score
- 75% LTV to $3,500,000 – 660 credit score
- 70% LTV to $4,000,000 – 670 credit score
- 70% LTV to $4,500,000 – 670 credit score
- 80% LTV to $5,000,000 – 680 credit score
- 80% LTV to $5,500.000 – 690 credit score
- 80% LTV to $6,000.000 – 700 credit score
- 75% LTV to $7,000,000 – 710 credit score
- 75% LTV to $7,500.000 – 720 credit score
- 70% LTV to $8,000,000 – 730 credit score
- 70% LTV to $9,500.000 – 740 credit score
- 75% LTV to $10,000,000 – 760 credit score8
With loan amounts available up to $10,000,000 and a maximum debt-to-income ratio (DTI) of 55%, this program is ideal for high-net-worth borrowers seeking large loan amounts without the restrictions of conventional underwriting. Whether for purchase or refinance, this jumbo solution offers both flexibility and financial strength for qualified applicants.
Credit Requirements
- 3 open and active tradelines, 12 month history, $5000 minimum credit
- 2 open and active tradelines, 24 month history, $5000 minimum credit.
- 1 open and active tradeline + non traditional credit OK to 75% maximum LTV
- Bankruptcy – 1 year seasoning required from bankruptcy discharge date
- Housing Event – 2 years seasoning required for short sale foreclosure1o
Eligible Property Types
- Single Family Residence (SFR)
- Condo (attached)
- Duplex3
LIte Doc Loan Purpose Options
- Purchase
- Rate and Term Refinance
- Cash-Out Refinance (up to $1,500,000 maximum)
Eligible Occupancy Types
- Owner-Occupied Homes
- Second / Vacation Homes (up to 75% maximum LTV)
States Eligible for Loan Program Available in:
Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.