The Quick Read: A private bank fits an executive whose income is mostly wages and vested stock and who is willing to move assets to one institution. A bank statement super jumbo fits an executive whose deposits, not paychecks, show the income. Neither path counts unvested stock, and each one reads the same stock-heavy file differently.
- A private bank is a portfolio lender that sets its own rules, so treatment of stock compensation varies bank by bank.
- A bank statement program reviews the file on 12 or 24 months of deposits after an expense ratio, not on traditional personal-income documentation.
- Stock only helps a deposit-based file if shares were sold and the cash landed in the account.
- Asset-based paths can fit a stock-heavy executive better than either, because they turn liquid assets into qualifying income.
- Leverage on any super jumbo steps down with loan size, and files above $4,000,000 are reviewed case by case.
The honest answer comes down to how your wealth shows up on paper. If it shows up as a salary and a brokerage account, the private bank is the natural first stop. If it shows up as steady deposits from a business, the bank statement route fits. If it shows up as unvested shares and a quiet checking account, neither fits cleanly, and the asset-based paths deserve a look.
Lendmire is a broker. It does not hold either loan. It shops wholesale programs for high-net-worth borrowers, and every figure below is available only through select wholesale programs, subject to full underwriting. Nothing here is a commitment to lend. Lendmire’s consumer mortgage lending is licensed in 16 states, so availability depends on where the property sits.
Side-by-Side
The private bank column below reflects published industry norms, qualified because each bank writes its own guidelines. The bank statement column reflects what the brokerage sees across its wholesale network.
| Factor | Private Bank (industry norms) | Bank Statement Super Jumbo |
|---|---|---|
| Review basis | Relationship and manual judgment | 12 or 24 months of deposits |
| Stock compensation | Varies; may count vested RSUs or assets | Counts only once converted to deposits |
| Documentation | Set bank by bank | Consecutive personal or business statements |
| Asset relationship | Often expects assets held at the bank | None required |
| Property types | Primary and second homes typical | Primary, second home, investment |
| Entity vesting | Bank-specific; often individual or trust | Varies by program |
| Reserves | Often tied to assets held | 3, 6 or 9 months by loan size |
| Pledged collateral | Sometimes available | Not part of the structure |
| Largest sizes | Bank-specific | To $6,000,000 on one program, to $30,000,000 on another |
How Each Path Reads a Stock-Heavy File
Picture an executive at a public company. Salary is steady. Restricted stock vests in blocks. A large brokerage account sits at one firm. Deposits into checking are modest, because most of the pay is equity that never touches a bank account.
A private bank can look at all of it. It may count vested stock income with a history, count assets, or pledge the brokerage account against the loan. That flexibility is the draw. It is also the catch, because the treatment depends on one bank’s appetite and usually on a broader relationship.
A bank statement program looks at deposits only. Across the wholesale network, qualifying income is eligible deposits divided by the statement months, after an expense ratio on business statements. The expense ratios run fixed at 20%, 40% or 50% depending on staffing and business type, or an accountant-provided figure. Transfers from your own business into your personal account count in full. But stock that has not been sold produces no deposit. This is where most stock-heavy executives hit the wall.
Neither path is undocumented. Both sit under the federal ability-to-repay rule, which requires a lender to consider factors such as income or assets, employment, debts and credit history, per the CFPB small entity compliance guide. An asset-based loan documents the assets. Neither skips verification.
When a Private Bank Is the Better Fit
A private bank is the better fit when your income is wages plus vested stock and you already hold, or are willing to move, meaningful assets to the institution. The bank can underwrite manually, weigh compensation that a deposit formula would ignore, and sometimes accept a pledged securities account as collateral.
Three situations favor it:
- Salary and vested stock carry the income. A manual review can count compensation history that a statement program cannot see.
- You want to keep the stock. Pledging securities lets you borrow without selling, which avoids realizing gains. Tax treatment varies; consult a qualified professional.
- You value one relationship. Banking, lending and investing under one roof is the point of the model.
The costs are real. Pledged stock stays yours but is locked and exposed to collateral calls. Fidelity’s explainer on borrowing against securities describes the risks as margin calls, forced liquidation and amplified losses. A portfolio concentrated in one stock carries more of that risk. A collateral call in a downturn also hits the same cash pool you would use for rental reserves.
Pre-IPO equity generally cannot serve as pledge collateral because it has no liquid market price. Many private banks also steer away from deposit-based non-QM structures, so a borrower who does not fit the bank’s box has to look elsewhere.
When a Bank Statement Super Jumbo Is the Better Fit
A bank statement super jumbo is the better fit when your income lands in an account on a regular basis and your traditional personal-income documentation understates it. Founders, physicians, attorneys and entertainers often fit. Trade press describes these programs as qualifying borrowers on 12 to 24 months of deposits instead of tax returns.
The program numbers, through select wholesale programs and subject to full underwriting:
- Size: $300,000 to $30,000,000 across two programs. A portfolio non-QM program carries files to $6,000,000. A bank portfolio program carries twelve-month-statement files to $30,000,000 on its own ladder, which begins above $4,000,000 and overlaps the first program to $6,000,000.
- Leverage on a primary residence purchase: 90% to $1,000,000, 85% to $2,000,000 and 80% to $3,000,000. Above that, 75% to $4,000,000 at the top credit tier, then case-by-case review. The bank program’s ladder runs 65% to $5,000,000, 60% to $10,000,000 and 55% to $30,000,000, all on review. Second homes and investment property run about five points lower at every size.
- Credit and debt: a 660 score floor on the portfolio program, 680 on the bank program, and 700 above the super-jumbo line. Debt-to-income runs up to 50%.
- Reserves: 3 months to $500,000, 6 months to $1,500,000 and 9 months above that.
- Cash-out: unlimited proceeds at or below 60% LTV, with a $1,500,000 cash-in-hand cap above 60% on the portfolio program. Exact terms depend on the lender’s guidelines, property type, leverage, and a full review of the borrower’s file.
Every file above $4,000,000 is reviewed case by case before submission. Treat any leverage figure at that size as a ceiling that depends on the review.
Above $3,500,000 on a primary residence, and $3,000,000 on a second home or investment property, added overlays apply. They include a 700 credit floor, a 0x30x24 housing history, 48 months of seasoning after a credit event, no rural property and cash-out proceeds that cannot satisfy reserves. Borrowers must be U.S. citizens or permanent residents.
Where Bank Statement Stops Fitting
Bank statement is often the wrong tool for an executive paid mostly in shares. Deposits are lumpy and tied to vest dates and sales. A twelve-month window can miss a big sale or catch a one-time windfall that a lender strips out. Lenders also remove transfers between your own accounts and loan proceeds. The CFPB guide requires a creditor facing an unidentified deposit to confirm it is income and not something like loan proceeds.
Selling stock to build deposit history is possible. It also triggers taxable gains and concentrates less wealth in the market. That is a tax and planning question for your advisor, and it should be weighed before the sale, not after.
Two asset-based paths in the wholesale network often fit this borrower better:
- Asset allowance. Liquid assets are divided by 36, 60 or 84 months to add qualifying income. The 36-month divisor applies when DTI is at or below 60%, the 60-month divisor when it is above 60%, and the 84-month divisor applies to a standalone file or any loan above $3,500,000. It works on primary and second homes only, with an 80% maximum LTV.
- Assets-only. No DTI is calculated. Liquid U.S. assets must equal the loan amount plus closing costs plus sixty months of any net loss on other residential property.
Retirement accounts count at 70%, or 80% at age 59.5 and older. Unvested stock, business funds, gifts and cryptocurrency never count. That last rule matters to this reader: only shares that have vested and sit in a liquid account help the file.
Running the Decision
Work the choice in order. Each step narrows it.
1. Ask whether the home is your own. A primary or second home runs through consumer rules with full ability-to-repay review. A true rental is different, and a DSCR loan fits it. The CFPB’s Regulation Z commentary treats credit for non-owner-occupied rental property as business purpose, but not if you expect to occupy it more than 14 days in the coming year.
2. Look at where your income lands. If most of it lands as deposits, start with bank statement. If it lands as shares, start with assets or a private bank.
3. Check what you can convert. Vested, liquid holdings can fuel an asset path. Unvested shares cannot.
4. Weigh the string. A private bank may want assets moved. A statement program does not. Ask what moving assets would cost you, and whether a relationship benefit offsets it.
5. Check the loan size. Past $4,000,000, leverage tightens and review becomes case by case in either route.
When neither fits, the honest answer is that the file may not work today. Heavy unvested equity with little liquidity is the usual cause. Waiting for a vest, or building liquid assets, can change the picture.
Keeping the Rentals Separate
Executives who also buy rental property should treat the two decisions separately. A DSCR loan tests the property’s rent against its own monthly obligation, not your personal income. It qualifies primarily on property-level rental income covering the payment, subject to lender guidelines. A rental bought on DSCR leaves your personal debt capacity free for the primary-residence loan. Business-purpose rentals can usually be vested in an LLC, subject to lender program eligibility.
Lender documentation matters here too. A checked business-purpose box with no record of how proceeds will be used may not be enough evidence. Keep the paper trail clean. Programs that lend on property cash flow are covered in Lendmire’s complete DSCR loans guide.
Some buyers also ask whether a bank statement refinance can fund the next rental. Lendmire’s piece Private Bank vs Super Jumbo Bank Statement Cash-Out for Irregular Income covers that angle.
Key Terms Defined
Super jumbo: A trade label for loans above the standard jumbo line. No official threshold exists, so lenders draw it in different places.
Private bank loan: A loan a bank holds on its own balance sheet, underwritten by hand and often tied to a wider client relationship.
Bank statement loan: A non-QM loan that qualifies income from 12 or 24 months of deposits instead of traditional personal-income documentation.
Asset allowance: A method that divides liquid assets by a set number of months to create qualifying monthly income.
Pledged-asset loan: A mortgage secured in part by a lien on a securities account.
Non-QM: A loan outside the standard Qualified Mortgage box. Scotsman Guide reports it was about 5% of originations in 2024, up from 3% in 2020, citing Cotality data.
A Balanced Verdict
Pick the private bank when stock pays you, you want to keep the shares, and one relationship suits you. Pick the bank statement route when deposits tell the income story and you want to keep your assets where they are. Pick an asset path when your wealth sits in vested, liquid holdings and your deposits are thin. Many stock-heavy executives end up there.
If you are financing a high-balance property on business or personal bank statements and want to see how the numbers work, Lendmire can help you compare super jumbo bank statement loan options based on your deposits, the property, credit profile, leverage, and your goals. Programs change, and every file is underwritten individually.
Frequently Asked Questions
Can unvested stock count as income on a super jumbo loan?
No. Across the wholesale network, unvested stock never counts toward assets. Vested shares held in a liquid account can count through an asset path, and some private banks may weigh vested compensation with a history. Treatment varies by program and subject to full underwriting.
Does a bank statement loan mean no documentation?
No. It is reviewed on documented income under the applicable program, subject to lender guidelines. You supply 12 or 24 consecutive months of statements, and the lender removes transfers, loan proceeds and one-time windfalls. Credit, reserves and the appraisal are all reviewed.
What happens if pledged stock drops in value?
The lender can issue a collateral call. If you do not respond, the securities can be sold, which may mean trading costs and taxable gains. Margin calls, forced liquidation and amplified losses are the main risks. Concentrated single-stock portfolios carry more of that exposure.
Can I use these loans on a rental property?
A consumer jumbo is built for a home you will occupy. A true non-owner-occupied rental is usually financed as a business-purpose loan, and a DSCR loan is the common tool. If you expect to use the property more than 14 days a year, the business-purpose treatment can fail.
Do I have to move my assets to get a bank statement loan?
No. A bank statement program has no asset-relationship requirement. A private bank often expects assets held at the bank, which is a cost to weigh against any relationship benefit.
How much leverage is available on a very large loan?
It falls as size rises. On a primary residence purchase, the bank program’s ladder runs 65% to $5,000,000, 60% to $10,000,000 and 55% to $30,000,000, all on review. These are ceilings through select wholesale programs, subject to full underwriting.
Lendmire’s self-employed mortgages page presents both super jumbo programs, bank statement and DSCR, side by side.
About Lendmire
Lendmire (NMLS# 2371349) is a mortgage brokerage focused on DSCR investor financing, helping arrange programs through wholesale and investor-lending channels in 41 markets, including Washington, D.C. DSCR loans are evaluated by the lender on property cash flow rather than personal income, subject to lender guidelines, supporting LLC closings and accommodating investors with four or more financed properties. Scotsman Guide Top Mortgage Workplace in both 2025 and 2026.
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References
1. CFPB ATR/QM Small Entity Compliance Guide
2. Fidelity: Using your securities to borrow money
3. Scotsman Guide: One out of 20 mortgages are non-QM
4. CFPB Regulation Z §1026.3 commentary
5. Scotsman Guide: Which groups are driving non-QM lending?
This article is part of Lendmire’s super jumbo bank statement loan program — full qualification details, guidelines, and scenarios live on the program page.
Related reading: How to Get a Super Jumbo Bank Statement Loan After Changing Fields · How to Use Cash After a Sale on a Super Jumbo Bank Statement Loan · How to Get a Super Jumbo Bank Statement Loan Ahead of a Liquidity Event
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
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Disclosure information. Lendmire is a state-licensed mortgage brokerage under NMLS# 2371349. Lendmire is not a depository institution, direct lender, or financial advisor — all loans referenced are placed through wholesale lender partners and are subject to each lender's underwriting standards. This article is provided for general informational purposes and is not a commitment to lend, nor does it constitute financial, legal, or tax advice. Loan programs, terms, rates, and qualification standards change without notice and depend on borrower profile, property type, and the state in which the subject property is located. Equal Housing Opportunity provider. NMLS Consumer Access: nmlsconsumeraccess.org.