Jumbo Bank Statement Mortgage Program
Simplified Income Verification for Self-Employed Borrowers
Our Bank Statement Mortgage Program is for self-employed borrowers and independent contractors who need alternative income documentation. This program accepts business or personal bank statements over a 24-month period and allows higher DTI ratios—up to 55%.
Loan Amount & DTI Options
* Up to $3,000,000 – 55% DTI
* Up to $2,500,000 – 50% DTI
* Up to $2,000,000 – 43% DTI
Credit Score, LTV & Loan Amount Highlights
Borrowers can qualify with competitive loan amounts and credit score options:
* 70% LTV up to $5,000,000 – 720 credit score
* 75% LTV up to $4,500,000 – 700 credit score
* 80% LTV up to $4,000,000 – 680 credit score
* 90% LTV up to $3,000,000 – 660 credit score
* 85% LTV up to $2,500,000 – 640 credit score
Eligible Employment & Income Types
This program is available for a variety of income sources:
* Self-Employed Borrowers
* 1099 Independent Contractors (view additional 1099-only loan options)
* W-2 Wage Earner Co-Borrowers allowed (Bank Statement Loan with Asset Depletion – 4506-C required)
Credit Event & Seasoning Guidelines
Credit event requirements and maximum LTV limits:
* 2-Year Seasoning after Bankruptcy – 80% LTV Purchase | 75% LTV Cash-Out
* 2-Year Seasoning after Short Sale or Foreclosure – 80% LTV Purchase | 75% LTV Cash-Out
* 1-Year Seasoning after Bankruptcy – 75% LTV Purchase | 75% LTV Cash-Out
* 2-Year Seasoning after Short Sale or Foreclosure – 70% LTV Purchase | 75% LTV Cash-Out
Eligible Property Types
* Single-Family Residence (SFR) – attached or detached
* Condos over 4 Stories – up to 80% LTV
* Condos over 4 Stories (Cash-Out) – up to 75% LTV
* 1-4 Unit Residential Properties
Occupancy Types
* Primary Residence (Owner-Occupied)
* Second Home / Vacation Property – Maximum 75% LTV
Available in the Following States:
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.