This 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (Non-QM) Loan program is for all residential property types and occupancy types including investment properties. This lender requires a minimum credit score of 660 and goes to a maximum loan-to-value ratio (LTV) of 80% See details below:

Alternative Income Documentation: 6 Months Business Bank Account Statements or Personal Bank Account Statements

Minimum Credit Score - 660

Eligible Transactions:

  • Purchase
  • Refinance - Rate/Term
  • Refinance - Cash Out

Eligible Occupancies:

  • Owner-Occupied / Primary Residence
  • Second Homes
  • Investment

Eligible Property Types:

  • Single Family Residence (SFR)
  • Condominiums (including non-warrantable condos)
  • Planned Urban Development (PUD's)
  • 2 - 4 Unit


Loan-to-Value / Maximum Loan Amounts:

Property Types - SFR, Condos and PUD's

  • Owner-Occupied - Purchase and Rate/Term Refinance
    • 80% LTV - $1,000,000
    • 75% LTV - $3,000,00
  • Owner-Occupied - Cash Out Refinance
    • 70% LTV - $1,000,000
    • 65% LTV - $3,000,000
  • Second Home - Purchase and Rate/Term Refinance
    • 70% LTV - $3,000,000
  • Second Home - Cash Out Refinance:
    • 65% LTV - $3,000,000


Property Types - 2-4 Unit's

  • Owner-Occupied / Second Home - Purchase and Rate/Term Refinance
    • 70% LTV - $3,000,000
  • Owner Occupied / Second Home - Cash Out Refinance
    • 65% LTV - $3,000,000


Property Types - SFR, 1-4 Units, Condos & PUD's

  • Investment Property - Purchase and Rate/Term Refinance
    • 70% LTV - $3,000,000
  • Investment Property - Cash Out Refinance
    • 65% LTV - $3,000,000

 

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