Current super-jumbo bank-statement guidelines, updated from one source.
These figures are read from Lendmire’s centralized super-jumbo bank-statement standards source and update automatically when the program changes. Every state and city guide in this series reads the same source.
Program ceiling
Balances run from the program minimum to the ceiling shown, across two programs; the largest bands sit on the bank portfolio program at its bank-statement leverage cap.
Top primary-residence leverage
At the first rung of the ladder a primary residence reaches this ceiling; second homes and investment property carry their own ceilings, and the ceilings fall as the balance climbs (not at every band) — the ladder table shows each one.
Months of bank statements
Statements are the income document: deposits divided by the statement months, after the ownership share and the expense ratio. Tax returns are not requested for qualifying.
Credit floor
The minimum credit score for the ladder’s bottom rung; the credit required for a given leverage rises with the loan size and with the occupancy.
Qualifying income is the eligible deposits divided by the statement months, after the ownership share and any expense ratio; total obligations stay inside this cap.
Cash in hand is capped at this figure when the loan is above sixty percent of value; at or below that leverage the proceeds are not capped on the portfolio program.
An interest-only period is available through select programs at its own leverage and credit floor; the bank portfolio program carries a lower interest-only cap.
| Loan size | Primary residence | Second home | Investment |
|---|---|---|---|
| $300,000 – $1M | 90% · 680+ | 85% · 700+ | 85% · 700+ |
| $1M – $1.5M | 85% · 700+ | 80% · 680+ | 80% · 680+ |
| $1.5M – $2M | 85% · 720+ | 80% · 700+ | 80% · 700+ |
| $2M – $2.5M | 80% · 720+ | 80% · 720+ | 80% · 720+ |
| $2.5M – $3M | 80% · 720+ | 75% · 720+ | 75% · 720+ |
| $3M – $3.5M | 75% · 720+ | 65% · 760+ | 60% · 680+ · bank program |
| $3.5M – $4M | 75% · 760+ | 65% · 760+ | 60% · 680+ · bank program |
| $4M – $5M | 65% · 680+ · bank program | 65% · 760+ · case by case | 65% · 760+ · case by case |
| $5M – $6M | 60% · 680+ · bank program | 55% · 680+ · bank program | 55% · 680+ · bank program |
| $6M – $10M | 60% · 680+ · bank program | 55% · 680+ · bank program | 55% · 680+ · bank program |
| $10M – $20M | 55% · 680+ · bank program | 50% · 680+ · bank program | 50% · 680+ · bank program |
| $20M – $30M | 55% · 680+ · bank program | 50% · 680+ · bank program | 50% · 680+ · bank program |
Current super-jumbo bank-statement snapshot · updated September 7, 2026 · portfolio program to $6M, the bank portfolio program alongside it and on to the ceiling · super-jumbo overlays above $3.5M on a primary residence and $3M on a second home or investment property · portfolio-program balances above $4M reviewed case by case before submission · reserves 3–9 months by loan size.
Super jumbo bank statement loans are non-QM consumer mortgage programs arranged through select wholesale lenders, licensed in sixteen states. Leverage, credit floors, reserves, statement methods, and eligibility are read from the current program matrix for the occupancy, loan size and credit tier and are subject to lender program eligibility and full underwriting. Nothing on this page states or implies a rate, a payment, a fee, or a lender; Lendmire is a mortgage broker and never the lender.
What a super-jumbo bank-statement loan is — and how deposits become income.
The mechanics in Ann Arbor, MI are the same as any bank-statement loan — eligible deposits divided by the statement months — with one addition: the leverage, the credit floor, the reserves, and the appraisal work all scale with the balance and shift with occupancy.
For a balance inside the standard ceiling, the standard program covers it — see the guide to bank statement loans in Michigan. The statewide guide to super jumbo bank statement loans in Michigan explains the ladder for every market in the state.
Deposits qualify the loan, not tax returns
A high-value home in Ann Arbor, MI qualifies the same way a modest one does — on the statements — but the lender reads the deposits, the business, and the expense ratio more closely, because the number they support is larger.
Leverage is a ladder by occupancy and size
There is no single loan-to-value on this program. An Ann Arbor file is placed by occupancy and loan size, the credit tier selects a cell inside the band, and that cell is the leverage. The ladder table on this page shows the best cell in each band for each occupancy.
Credit, reserves and overlays rise with the balance
The program reads credit twice for an Ann Arbor file: once against the floor for the band, and once against the floor for the leverage cell requested. A single recent housing late reduces leverage; a credit event inside the seasoning window reduces it further.
Two programs, one file
For Ann Arbor, MI borrowers planning a very large balance, the program that carries it is decided by the ladder: the portfolio program through its bands — case by case above its review line — and the bank portfolio program above them. Either way, the deposits qualify the file.
The income is measured the way the program measures it, and the leverage cell is read from the matrix for the occupancy, loan size and credit tier. The calculator applies both; the statements and the appraisal apply the rest.
Where Ann Arbor’s self-employed high earners buy — and how a lender reads the market.
The stock of high-value homes in Ann Arbor, MI, the share of households at the top of the income distribution, and the share of workers who work for themselves together sketch the market a high-balance bank-statement file is underwritten in.
Citywide figures provide general market context, not an appraisal or an income calculation. A large share of high-value homes signals depth of comparables for the appraiser; a large share of top-bracket households signals the deposits that carry a high-balance payment.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including owner-occupied home values by bracket, household income by bracket, and class of worker.
Distinct Ann Arbor submarkets, distinct appraisal stories.
Across Ann Arbor’s prestige neighborhoods, high-rise residences, and historic estates, the same program produces different structures because values, comparables, and property types differ block by block.
New luxury construction
New luxury construction in Ann Arbor appraises on comparable sales that may be scarce for the product, so the appraisal review is longer and a second appraisal is routine at larger balances. The median owner-occupied home value in Ann Arbor runs near $453,400 on the latest Census estimate.
Historic and estate districts
The historic estates of Ann Arbor carry values that rest on condition and provenance, and the appraisal will weigh both, together with the scarcity of true comparables. Roughly 5,226 Ann Arbor workers — about 8.3% of the workforce — work for themselves, the borrowers bank-statement programs exist for.
Executive suburbs and enclaves
The relocation market around Ann Arbor keeps values well supported on high-value homes, and a file built on solid deposits reads cleanly against the ladder. About 18% of Ann Arbor’s households earn two hundred thousand dollars a year or more — roughly 9,023 households at the top of the income distribution.
Prestige neighborhoods
The blue-chip streets of Ann Arbor carry the values and the sales record that make a large balance straightforward to underwrite once the statements are in order. Census estimates place about 5.5% of Ann Arbor’s owner-occupied homes at a value of one million dollars or more — roughly 1,266 homes.
Luxury townhomes and two-to-four-unit homes
Attached and small multi-unit luxury property in Ann Arbor can carry a large balance; the lender reads the building’s documents or the unit count together with the statements. Median household income in Ann Arbor sits near $82,212, the middle of a distribution whose top end the program serves.
High-rise and full-service residences
Full-service residences in Ann Arbor’s towers qualify on the same deposit math as a house, with the building’s warrantability, litigation, and owner-occupancy mix reviewed beside the borrower and deciding the leverage cell. Ann Arbor counts a population near 122K within the Ann Arbor, MI area.
None of this is a valuation or an income calculation; it is the backdrop an Ann Arbor file is read against before the statements and the appraisal decide the numbers.
Four ways Ann Arbor entrepreneurs put super-jumbo bank-statement financing to work.
Four ways a high-value home in Ann Arbor is financed on deposits, each with its own place on the ladder.
Qualify on assets instead of deposits
An Ann Arbor file with strong liquidity can lean on the asset-allowance path to supplement deposits or the assets-only path to replace them, subject to lender program eligibility.
Buy a primary residence above the standard ceiling
A primary-residence purchase above the standard ceiling in Ann Arbor, MI qualifies on the statements; the equity is sized to the band, and the appraisal work scales with the price.
Move with a departing residence
Buy the next Ann Arbor home before the current one sells: the bank portfolio program accommodates a departing residence and cross-collateralization, and the deposits qualify the new balance.
Take cash out inside the cash-out ladder
An Ann Arbor home with equity can return cash on a deposit-qualified refinance; the cash-out ladder steps leverage down by band, and proceeds are capped above a set leverage on the portfolio program.
Size an Ann Arbor bank-statement file before requesting a quote.
Enter the occupancy, a price, an equity percentage, a credit tier, the statements you would use and the deposits they show for an Ann Arbor scenario. The calculator computes qualifying income the way the program does, reads the leverage cell the matrix allows for the occupancy, loan size and credit tier, and shows the housing budget the debt-to-income cap leaves. No rate or payment is shown or implied.
Ann Arbor bank-statement qualifier
An Ann Arbor scenario to start from — adjust the occupancy, price, equity, credit tier and deposits to see which rung the balance lands on.
Illustrative starting assumptions: a $1,250,000 price set above Ann Arbor’s median owner-occupied home value to land on the program’s ladder, an equity position sized to the ladder, twelve months of deposits sized to carry a balance of that size, and modest other obligations (U.S. Census Bureau). Every field is editable; no rate or payment is shown.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. No rate, payment, or cost is shown or implied. Qualifying income follows the program’s deposit method for the statements entered; leverage is read from the current program matrix for the occupancy, loan size and credit tier; the appraisal, the statements themselves, reserves, and full underwriting decide the actual figures. Consumer mortgage lending licensed in sixteen states.
Same borrower, three very different files.
A self-employed buyer in Ann Arbor, MI can be financed several ways; the difference is what qualifies the loan and how large the balance may be.
Deposits at scale, a standard bank-statement loan, or the property’s rent.
Deposit-qualified financing for high-value homes: no tax returns, leverage that steps down by band and occupancy, reserves and appraisal work that scale with the balance, interest-only through select programs, and asset-based paths.
For an Ann Arbor, MI home inside the standard ceiling, the standard bank-statement program is usually the simpler file; the super jumbo ladder is for the balance above it. Inside the standard ceiling, Lendmire arranges bank statement loans in Michigan.
Rent-qualified rather than deposit-qualified: the super jumbo DSCR program puts the property’s income at the center, which suits a leased rental rather than an owner-occupied home. For a leased rental, see super jumbo DSCR loans in Ann Arbor.
Super jumbo bank statement fits a primary residence, second home or investment property the borrower’s deposits can carry above the standard ceiling; standard bank statement fits the balance inside it; super jumbo DSCR fits a rental whose rent carries the file.
What to prepare for an Ann Arbor scenario review.
A typical starting file for a high-value home.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the loan size, occupancy, the statements, the business, the property, and reserves. Nothing here is legal or tax advice.
Local details that can change the loan.
These are the points a lender reads on an Ann Arbor high-balance file before the leverage cell is confirmed; each one can move the structure.
Use these checks to keep the Ann Arbor file clean and fundable.
Settle the occupancy, the statement method, the band, and the property’s eligibility before the appraisal is ordered; an Ann Arbor file that clears these reads cleanly.
- Know the rung: confirm the band and the credit tier the best cell requires.
- Count the deposits: know the expense ratio the business type carries.
- Know the program: expect a case-by-case read above the review line before submission.
Occupancy and loan size decide the leverage
In Ann Arbor, MI, the same home financed as a primary residence and as a second home sits on two different ladders; the calculator on this page reads the matrix for the exact occupancy, size and credit tier, and the structure is planned from there.
How the deposits are counted
Personal statements with business transfers count at full value; business statements carry an expense ratio set by the business type and employee count, or an accountant’s letter; the borrower must own a minimum share of the business, and the deposits must be consistent inside the window.
The review line and the bank-program hand-off
An Ann Arbor request in the portfolio program’s upper bands is reviewed case by case before submission; a request in the largest bands is a bank portfolio file, with its own credit floor, its own leverage, and its own documentation window.
Reserves scale with the loan size
Reserves are months of the full payment, stepping up by loan size, plus additional months for each financed property, more for a first-time investor, and more with a non-occupant co-borrower; on an Ann Arbor high-balance file they are a large figure in dollars.
Cash-out has its own ladder and a proceeds cap
Cash-out on an Ann Arbor home steps down by band and occupancy, and the proceeds are capped above a set leverage on the portfolio program; at or below that leverage the proceeds are not capped. The bank portfolio program publishes no cap of its own.
From Ann Arbor bank statements to a funded high-balance loan.
The path from Ann Arbor bank statements to a funded super jumbo loan runs through the ladder first and the paperwork second.
Place the balance
Every Ann Arbor file starts with occupancy and band. The equity, the transaction type, and the interest-only question are settled around them.
Count the deposits
Lendmire computes the Ann Arbor file’s qualifying income before the appraisal is ordered, so the balance and the ratio are known, not hoped for.
Appraise and package
Valuation is settled next: the appraisals the Ann Arbor balance requires and the property review, while the file is assembled for the wholesale program whose ladder reads it best.
Close and fund
Underwriting confirms the income, the ratio, the leverage cell, reserves, and the property; the Ann Arbor file closes on the terms the ladder allows.
A brokerage built around self-employed borrowers.
High-balance bank-statement lending is where a generalist stumbles: the ladders differ by occupancy and program, the expense methods differ by lender, and the list of wholesale lenders that handle very large self-employed files competently is short.
Ladders, not guesses
An Ann Arbor scenario is placed on the ladder first — occupancy, band, and credit cell — and the rest of the file is then built to fit the rung it lands on, before anything is ordered.
The statements, read fairly
Deposits are only income once they are counted the program’s way; Lendmire counts them first, choosing the statement type, the months, and the expense method that read an Ann Arbor business fairly.
The right wholesale program
An Ann Arbor file is matched to the program whose matrix opens the best cell for its occupancy, size and tier — and to the bank portfolio program when the balance calls for it.
Trusted by homeowners & investors alike.
Ann Arbor super jumbo bank statement loan FAQs
Program-level answers to the questions Ann Arbor borrowers raise most about super jumbo bank statement loans. Every file is underwritten individually; nothing here is a commitment.
How is leverage decided on a super jumbo bank statement loan in Ann Arbor?
From a matrix: occupancy chooses the ladder, the balance places the file in a band, the credit tier selects a cell inside it, and that cell is the leverage. A primary residence carries the highest leverage in the smallest band; leverage steps down as the balance climbs. The ladder table on this page shows the best cell for each occupancy.
How is my income calculated from bank statements?
Deposits divided by months, after exclusions and the expense ratio. The method chosen for an Ann Arbor file changes the income, which is why Lendmire settles it before the lender sees the statements.
Can I take cash out of a high-value Ann Arbor home?
Cash-out has its own rungs and its own proceeds cap. An Ann Arbor file inside the ladder can return cash at the band’s leverage; once the leverage passes the program’s cash-out threshold, the proceeds are capped.
Should I use personal or business statements?
Personal statements are read at full value when the deposits are transfers from the business; business statements carry an expense ratio. Which produces the cleaner income depends on how the business pays its owner, and Lendmire runs both before choosing.
What is the rate on a super jumbo bank statement loan?
A scenario review produces the terms; the calculator here sizes income and leverage only, by design.
Can I qualify on a profit-and-loss statement instead?
Yes, within its limits: preparer-prepared, primary residence, a lower leverage cap than statements, and its own credit floor for interest-only.
What changes above the super-jumbo line?
Credit, history, seasoning, borrower eligibility and property rules all tighten above the line; an Ann Arbor file planned around the overlays clears them, one planned without them stalls.
What credit score does a super jumbo bank statement loan require?
There are two answers: the floor for the band and the floor for the cell. A stronger tier buys more leverage inside the same band, which is why the calculator asks for the credit tier.
Does the program finance investment property?
Yes, on the investment ladder, with title in an entity accommodated subject to lender program eligibility, a prepayment structure on investment occupancy, a short-term rental balance cap, and longer reserves for a first-time investor. A rental whose rent should carry the file may fit the super jumbo DSCR program better.
What if my deposits fall short but my assets are strong?
The program’s asset paths supplement or replace statement income for Ann Arbor borrowers whose wealth sits in accounts rather than in deposits, with retirement assets counted at a discount and foreign assets excluded.
Place your Ann Arbor scenario on the ladder today.
Request a scenario review with the deposits and the occupancy; Lendmire answers with the band, the cell, and the structure that fits.
This guide covers Ann Arbor — for the statewide ladder, overlays, and scenarios, see Super Jumbo Bank Statement Loans in Michigan, part of Lendmire’s super jumbo bank statement loan program.
Nearby markets in Michigan: Westland · Novi · Livonia · Dearborn Heights · Farmington Hills · Taylor · Dearborn · Southfield
Other loan programs in Ann Arbor: DSCR Loans in Ann Arbor, MI · Super Jumbo DSCR Loans in Ann Arbor, MI · Short-Term Rental Loans in Ann Arbor, MI · Investment Property Cash-Out Refinance in Ann Arbor, MI · Hard Money Loans in Ann Arbor, MI · Bank Statement Loans in Ann Arbor, MI · Bank Statement HELOC in Ann Arbor, MI · Investment Property HELOC in Ann Arbor, MI