Super Jumbo Bank Statement Loans In Louisiana — The Quick Read: These are non-QM loans that verify income from bank deposits instead of traditional personal-income documentation, sized well above a standard jumbo mortgage. Two wholesale ladders in Lendmire’s network carry files this size — one runs to $6,000,000, the other carries twelve-month-statement files to $30,000,000 with its own leverage tiers. Reserves scale in steps, not smoothly, and leverage drops the higher the loan amount climbs. Anything above $4,000,000 gets reviewed case by case before it’s submitted.
Louisiana’s own conforming loan limit sits at $832,750 statewide for 2026, with no parish carrying a high-cost add-on — Orleans Parish and East Baton Rouge Parish sit on the same ceiling as Caddo or Lafayette. Statewide median home values run far below that line — Redfin puts the statewide median sale price around $260,300, and Zillow’s home value index shows a statewide average near $216,254. That gap matters. A borrower doesn’t need a coastal-market price tag to end up in jumbo or super jumbo territory — a single high-end waterfront property, a multi-unit portfolio refinance, or a consolidation of several rentals into one loan can push a Louisiana file past the conforming line even in a state where the typical home costs a fraction of that.
Who Actually Needs This Loan
Founders, physicians, attorneys, business owners, and investors whose traditional personal-income documentation understate real cash flow are the typical borrowers here. Bank statement underwriting looks at deposits instead of the net income line on a Schedule C, which tends to run low after write-offs. If a borrower’s real income lives in the bank account rather than on the 1040, a bank statement loan is reviewed primarily on that deposit history, subject to lender guidelines — not on the number an accountant minimized for tax purposes.
How The Two Programs Split
There isn’t one ladder here — there are two, and they overlap.
The portfolio non-QM bank-statement program runs from $300,000 to $6,000,000. Inside that program, borrowers use 12 or 24 months of personal or business bank statements, and pricing and available terms vary by lender, borrower profile, property type, and full underwriting review.
The bank portfolio program uses twelve-month statements only and carries loans up to $30,000,000 on its own separate size ladder: 65% loan-to-value to $5,000,000, 60% to $10,000,000, and 55% up to $30,000,000. Interest-only pricing on that ladder tops out at 60% LTV or the band’s own ceiling, whichever is lower. The bank program’s ladder begins above $4,000,000 and overlaps the portfolio program through $6,000,000 — above $6,000,000, the bank program stands alone. Pricing and available terms vary by lender, borrower profile, property type, and full underwriting review.
Both ladders route through select lenders in Lendmire’s wholesale network, and Lendmire arranges the file rather than funding it directly.
Leverage Ladder By Size
Leverage steps down in defined bands as the loan amount rises — it doesn’t sit at one flat number. On a primary residence, purchase leverage runs 90% from $300,000 to $1,000,000 (credit 680+), 85% from $1,000,000 to $2,000,000, and steps to 80% and then 75% as the file climbs toward $4,000,000. Second homes and investment properties run roughly five points lower at every size band, with credit floors that generally start higher.
| Loan Size | Primary Purchase LTV | Investment Purchase LTV | Credit Floor |
|---|---|---|---|
| $300K–$1M | 90% | 85% | 680–700+ |
| $1M–$2M | 85% | 80% | 680–720+ |
| $2M–$3M | 80% | 75–80% | 720+ |
| $3M–$4M | 75% | 60% | 720–760+ |
| $4M–$6M | 60–65% (case by case) | 55–65% (case by case) | 680–760+ |
Above $4,000,000, every figure in that table gets reviewed case by case before submission — there’s no automated grid past that point. On investment property specifically, leverage compresses more sharply in the $3M–$4M band than it does on a primary residence, which is worth flagging for investors consolidating rental equity into one large loan.
Cash-out leverage runs lower than purchase or rate-and-term at every size. On short-term rental collateral, cash-out tops out around 70% LTV; on a standard long-term rental, that ceiling runs closer to 75%. Both are lower than the corresponding purchase number in the same band. These specifics are subject to lender guidelines and a full review of property, leverage, and credit.
Reserves: The Step Function Nobody Explains
Reserves don’t scale smoothly with loan size — they jump at three fixed thresholds. Up to $500,000, most files in the network need 3 months of PITIA (principal, interest, taxes, insurance, and any association dues) held in reserve. From $500,000 to $1,500,000, that requirement typically rises to 6 months. Above $1,500,000, it moves to 9 months. Add roughly 2 months of reserves per additional financed property the borrower owns, capped at a 12-month ceiling overall.
First-time rental investors typically need a full 12 months of reserves regardless of loan size — the scaled schedule above doesn’t apply to them.
This produces an odd result at the edges of each band. A borrower closing at $1,499,000 sits in the 6-month tier. A borrower closing at $1,501,000 jumps straight to 9 months. The reserve requirement doesn’t care that the two loans are functionally identical — it cares which side of the threshold the number lands on. Investors sizing a purchase or refinance near $500,000, $1.5 million, or $3.5 million should model both sides of the line before locking in a purchase price. Terms vary by lender guidelines, property type, leverage, credit profile, and full file review.
Where “Jumbo” Turns Into “Super Jumbo”
The overlay line sits at $3,500,000 on a primary residence and $3,000,000 on a second home or investment property. Cross it, and several things tighten at once: the credit floor moves to 700, seasoning on any past credit event extends to 48 months, housing payment history has to show a clean 0x30x24, and the file has to belong to a U.S. citizen or permanent resident with no non-occupant co-borrowers allowed. Rural property is off the table entirely above this line, and any acreage caps at ten acres.
None of that is published as a flat table anywhere — it’s manual underwriting from here, one file at a time.
The Cash-Out Reserve Trap
Cash-out proceeds cannot be used to satisfy the reserve requirement on these loans — and that rule gets stricter, not looser, as the loan size grows. An investor planning to refinance a Louisiana rental, pull equity, and use part of that equity to cover the post-closing reserve requirement needs to rethink that plan before submitting the file. The reserves have to come from assets the borrower already holds outside the transaction. On the portfolio program, cash-out above 60% LTV also caps at $1,500,000 in cash to the borrower; the bank program doesn’t publish a comparable cap, but leverage there is already capped lower across the board. Exact terms depend on the lender’s guidelines, property type, leverage, and a full review of the borrower’s file.
Income Qualification: What Actually Counts
Twelve or twenty-four consecutive months of bank statements form the income picture — personal or business, but they have to be consecutive months, never a transaction-history printout standing in for statements. Personal account transfers from the borrower’s own business count in full toward qualifying income. Business account deposits get reduced by an expense ratio first: 20% for a service business with no employees, 40% for a business with one to five employees, 50% for a business with six or more employees or any business selling a physical product, or a ratio an accountant provides in writing. A profit-and-loss method exists too, capped at an 80% usable figure.
For borrowers who don’t want deposit-based qualification at all, an asset allowance path divides liquid assets by 36, 60, or 84 months of assumed income — the 84-month divisor applies to any loan above $3,500,000. An assets-only path skips income and debt-to-income calculations altogether, but it requires liquid U.S. assets equal to the full loan amount plus closing costs, plus 60 months of any documented net loss on other residential property the borrower owns.
Retirement accounts count toward reserves or assets at 70% of balance, rising to 80% once the borrower is past age 59½. Business funds, gift funds, unvested stock, and cryptocurrency don’t count at all in this program.
A Worked Scenario
Consider an investor consolidating three Louisiana rentals into one cash-out refinance sized at $2,800,000, business-purpose, on investment property. That loan falls in the $2.5M–$3M band, where investment property cash-out leverage tops out at 70% (standard long-term rental) with a 720+ credit floor required. Reserves land in the 9-month tier since the balance clears $1,500,000, plus 2 additional months for each other financed property the borrower still holds after the refinance. Cash-out proceeds from this transaction cannot be applied toward that reserve requirement — the borrower needs those months sitting in liquid assets separately. Coverage on the file gets modeled as a DSCR ratio against the property’s rental income, not as a payment dollar amount; a file that clears comfortably above 1.0x on the blended rent roll gives underwriting more room to work with. Every figure here varies by lender and program — guidelines, property type, leverage, and credit profile all apply.
DSCR loans qualify primarily on property-level rental income covering the payment, subject to lender guidelines — for the full mechanics of how that ratio gets built, Lendmire’s complete DSCR loans guide walks through the coverage math in detail.
Bank Statement vs. DSCR Reserves
The reserve logic on the DSCR side of Lendmire’s network doesn’t follow the same step function. Most DSCR files hold a flat 6-month PITIA requirement regardless of loan size, moving to 12 months only for a first-time investor — what tightens at higher DSCR balances is appraisal scrutiny (often two independent appraisals above $2,000,000), not the reserve count itself. Bank statement reserves, by contrast, climb in three defined steps as shown above. An investor choosing between the two products for a large Louisiana purchase should know these aren’t interchangeable rulebooks.
Underwriting on both products treats these as business-purpose loans for investment property. Because they’re reviewed under investor guidelines rather than owner-occupied consumer standards, the CFPB’s Ability-to-Repay/Qualified Mortgage rule generally doesn’t govern the underwriting path for a pure investment-property file the way it would a standard owner-occupied mortgage.
Key Terms Defined
Bank statement loan: a mortgage that verifies income from bank deposits over a defined lookback period instead of traditional personal-income documentation or W-2s.
Expense ratio: the percentage subtracted from business account deposits before the remainder counts as qualifying income.
Leverage (LTV): loan-to-value — the loan amount expressed as a percentage of the property’s value or purchase price.
Reserves: liquid funds a borrower must hold after closing, measured in months of the subject property’s full PITIA payment.
Super jumbo overlay: the tighter set of underwriting rules — higher credit floor, longer seasoning, manual review — that kicks in above a defined dollar threshold on a given program.
Frequently Asked Questions
Can cash-out proceeds cover the reserve requirement on a super jumbo bank statement loan?
No. This rule is enforced across both wholesale ladders in Lendmire’s network, and it applies more strictly, not less, as the loan size grows. Reserves have to come from assets held outside the transaction. Final terms depend on lender guidelines, property type, leverage, and the borrower’s complete credit picture.
What’s the real difference between a $2 million file and a $5 million file?
Leverage drops, the credit floor rises, and the file leaves the automated grid entirely. Anything above $4,000,000 is reviewed case by case before submission, and past $3,500,000 on a primary residence the super jumbo overlays kick in — 700 credit floor, 48-month seasoning on credit events, no non-occupant co-borrowers.
Does buying a second home instead of a primary residence change my leverage?
Yes, typically by about five points at every size band. A second home or investment property also pulls the super jumbo overlay line in three points sooner — $3,000,000 instead of $3,500,000.
What happens if my qualifying income jumped significantly in the last twelve months?
Most files in the network can use either a 12-month or 24-month statement window, and typically the borrower can lean on whichever period produces the stronger coverage figure, subject to underwriting review of both.
Are Louisiana’s parish-level loan limits different from the statewide limit?
No. Every parish in Louisiana shares the same 2026 conforming loan limit of $832,750 — no parish carries FHFA’s high-cost designation, so the jumbo threshold is identical whether the property sits in Orleans Parish or Caddo Parish.
If you’re evaluating a large purchase or refinance on Louisiana property and want to see how leverage, reserves, and documentation options actually line up for your file, Lendmire can help you compare bank statement and DSCR programs across its wholesale network based on the property, the credit profile, and the investor’s goals.
Investors who want the broader program framework can review how DSCR loans work.
For current guidelines and terms, see Lendmire’s super jumbo bank statement loan programs page.
Self-employed borrowers can compare both super jumbo programs on Lendmire’s self-employed mortgages page.
About Lendmire
Lendmire, NMLS# 2371349, is a mortgage brokerage focused on investor financing, arranging DSCR loans in 39 states plus Washington, D.C. — 40 markets total. Qualification is based on the property’s income rather than personal income documentation, subject to lender guidelines, making it a fit for LLC-held rentals and scaling portfolios. Scotsman Guide named Lendmire a Top Mortgage Workplace in both 2025 and 2026.
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References
1. Redfin — Louisiana Housing Market
2. Zillow Home Value Index — Louisiana
3. CFPB — Ability-to-Repay/Qualified Mortgage Rule
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
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Compliance and disclosures. Lendmire (NMLS# 2371349) is a licensed mortgage broker and is not a direct lender, depository institution, financial advisor, or tax professional. Content in this article is general market analysis and educational information — not financial, legal, or tax advice for any specific situation. Lendmire does not guarantee loan approval; every transaction is subject to underwriting by the funding lender. Mortgage pricing and loan program guidelines are subject to change at any time without notice and vary by borrower characteristics, property type, and state regulations. Lendmire complies with Equal Housing Opportunity. Licensure verification: NMLS Consumer Access.
