Non-Prime Super Jumbo Bank Statement Loan

Maximum Loan Amount - $4,000,000

 
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Be advised, the following Credit Scores are Mortgage Credit Scores - Consult a Mortgage Professional to be properly pre-qualified without having your credit checked.bank

No Liquid reserve requirement

Short Sale seasoning - 1 day 

Alternative Documentation for Self Employed:

Form 4506T Not Required (no tax returns before, during or after Close of Escrow)

24 consecutive months Personal or Business bank statements

Purchase Loans:

  • 90% LTV - 700 Middle Credit Score
  • 85% LTV - 650 Middle Credit Score
  • 80% LTV - 600 Middle Credit Score
  • 75% LTV - 550 Middle Credit Score
  • 65% LTV - 500 Middle Credit Score

Cash Out Refinance:

  • 75% LTV - 700 Middle Credit Score
  • 75% LTV - 650 Middle Credit Score
  • 75% LTV - 600 Middle Credit Score
  • 70% LTV - 550 Middle Credit Score
  • 65% LTV - 500 Middle Credit Score

Full Doc for Salary Employee - W-2's and 30 days paycheck subs 

Or

Full Doc for Commission Professional - 2 years 1040's and Profit and Loss Statement

Liquid Assets not required

Jumbo Maximum Loan Amount - $3,000,000

90% LTV:

No mortgage lates

Bankruptcy and Foreclosure3 years seasoned

Property Types:

  • Single Family Residence
  • Condo
  • Non-Warrantable Condos
  • Townhouse
  • 2-4 Unit
  • Condotels case specific

Rural properties OK for A through B- credit grades

Occupancies:

  • Owner Occupied
  • Non Owner Occupies
  • Second Home

Debt-to-Income Ratio

50%

For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and 50% of Business Bank Statement deposits

-Let a Mortgage Professional qualify your debt ratio

LTV / Credit Score

  • 90% - 700
  • 85% LTV - 650
  • 80% LTV - 600
  • 75% LTV - 550
  • 65% LTV - 500

 

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