Current super-jumbo bank-statement guidelines, updated from one source.
Every super jumbo bank statement page in this series shows the same live program figures, read from one guideline source rather than typed into each page.
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
The headline leverage belongs to a primary residence at the smallest balances the program accepts; the ladder table below shows what each occupancy and band allows.
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, bank portfolio program above it 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.
Super jumbo bank statement financing in Grand Rapids, MI qualifies on the deposits, not the tax returns, and reads its terms from a ladder rather than a single cap; understanding the rungs is most of the work.
Balance inside the standard ceiling? See Bank Statement Loans in Michigan, the standard program, or the statewide guide at Super Jumbo Bank Statement Loans in Michigan.
Deposits qualify the loan, not tax returns
A super jumbo bank statement loan in Grand Rapids, MI is underwritten on twelve or twenty-four months of statements: eligible deposits divided by the months, after the ownership share and any expense ratio. Tax returns are not part of the qualification.
Leverage is a ladder by occupancy and size
Leverage on a super jumbo bank statement loan in Grand Rapids, MI is read from a matrix of occupancy, loan-size bands, and credit tiers. A primary residence carries the highest leverage in the smallest band; second homes and investment property start lower; every larger band steps down.
Credit, reserves and overlays rise with the balance
In Grand Rapids, MI, the overlays above the line are the program’s way of translating size into credit: a higher floor, a spotless housing history, longer seasoning after any credit event, and reserves that scale with the payment.
Two programs, one file
For Grand Rapids, 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.
Enter the occupancy, a price, an equity percentage, a credit tier, the statements you would use and the deposits they show; the calculator computes the income the program’s way and reads the leverage cell for the balance.
Where Grand Rapids’ self-employed high earners buy — and how a lender reads the market.
Market data for Grand Rapids, MI frame the question every super jumbo bank statement file answers: at this value, do the deposits carry the payment at the leverage the ladder allows?
These are context figures, not underwriting inputs. Value and income rarely climb at the same pace; the market figures below show how far Grand Rapids’ top of market has moved, and the calculator shows what that means for the debt-to-income math.
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 Grand Rapids submarkets, distinct appraisal stories.
Grand Rapids’ high-value stock is not one market. Each submarket below carries its own values, its own appraisal story, and its own review points, and the leverage ladder meets each one differently.
High-rise and full-service residences
In Grand Rapids’ towers, the borrower’s deposits are one half of the file and the building’s financials are the other; a non-warrantable project carries its own cell. About 5.9% of Grand Rapids’ households earn two hundred thousand dollars a year or more — roughly 4,725 households at the top of the income distribution.
Historic and estate districts
In Grand Rapids’ older estate districts, renovation quality and systems drive the valuation, and a lender reads the appraisal’s condition notes before applying the ladder. Roughly 6,847 Grand Rapids workers — about 6.5% of the workforce — work for themselves, the borrowers bank-statement programs exist for.
Luxury townhomes and two-to-four-unit homes
Attached and small multi-unit luxury property in Grand Rapids can carry a large balance; the lender reads the building’s documents or the unit count together with the statements. Census estimates place about 0.4% of Grand Rapids’ owner-occupied homes at a value of one million dollars or more — roughly 191 homes.
New luxury construction
New luxury construction in Grand Rapids 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 Grand Rapids runs near $244,500 on the latest Census estimate.
Executive suburbs and enclaves
The executive enclaves around Grand Rapids pair strong values with a steady sales record, and a bank-statement file there is usually decided by the deposits rather than by the appraisal. Median household income in Grand Rapids sits near $69,108, the middle of a distribution whose top end the program serves.
Prestige neighborhoods
The prestige neighborhoods of Grand Rapids offer the deepest comparable sales in the market, which is the half of a high-balance file the borrower cannot bring: the deposits qualify the income, the comparables qualify the price. Grand Rapids counts a population near 199K within the Grand Rapids-Wyoming-Kentwood, MI area.
None of this is a valuation or an income calculation; it is the backdrop a Grand Rapids file is read against before the statements and the appraisal decide the numbers.
Four ways Grand Rapids entrepreneurs put super-jumbo bank-statement financing to work.
Four ways a high-value home in Grand Rapids is financed on deposits, each with its own place on the ladder.
Move with a departing residence
Buy the next Grand Rapids home before the current one sells: the bank portfolio program accommodates a departing residence and cross-collateralization, and the deposits qualify the new balance.
Refinance out of a bank or bridge loan
A rate-and-term refinance in Grand Rapids, MI replaces a loan that no longer fits — a short-term bridge, a private loan, a loan the borrower’s returns could not support — on the strength of the deposits.
Buy a primary residence above the standard ceiling
A primary-residence purchase above the standard ceiling in Grand Rapids, MI qualifies on the statements; the equity is sized to the band, and the appraisal work scales with the price.
Finance a second home on the same statements
A Grand Rapids second home qualifies on the same deposits as the primary residence, on its own ladder — a little less leverage, its own credit cells, a single unit only.
Size a Grand Rapids bank-statement file before requesting a quote.
Test a Grand Rapids balance against the ladder: occupancy, loan size and credit tier select the leverage, the deposits set the income, and the cap sets the budget. Overlays above the super-jumbo line, the bank portfolio hand-off and the cash-out proceeds cap are applied automatically.
Grand Rapids bank-statement qualifier
Starting assumptions reflect Grand Rapids’ home values; change any field and the ladder is re-read.
Illustrative starting assumptions: a $1,250,000 price set above Grand Rapids’ median owner-occupied home value to reach the super jumbo band, 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, four very different files.
Same Grand Rapids borrower, four files: deposits at scale, deposits within the standard ceiling, the property’s rent, or the full-documentation path a standard jumbo loan takes.
Deposits at scale, a standard bank-statement loan, or the property’s rent.
Qualifies on twelve or twenty-four months of deposits above the standard bank-statement ceiling, with leverage read from an occupancy-and-size matrix, super-jumbo overlays above the line, and a bank portfolio program carrying the largest bands.
Qualifies on the same deposit math but stops at the standard program ceiling; the lower bands of the super jumbo ladder overlap it, with the standard program often the cleaner fit there. Inside the standard ceiling, Lendmire arranges bank statement loans in Michigan.
Qualifies an investment property on its rent rather than the owner on deposits — business-purpose financing with its own ladder, for a leased rental rather than a home the borrower will live in. For a leased rental, see super jumbo DSCR loans in Grand Rapids.
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 a Grand Rapids 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.
A super jumbo bank statement file in Grand Rapids, MI is won or lost on details a standard file rarely meets: the occupancy ladder, the statement method, the overlays above the line, the program hand-off, the property type.
Use these checks to keep the Grand Rapids file clean and fundable.
A clean Grand Rapids file starts with the balance placed on the right occupancy ladder, the deposits counted the program’s way, and the reserves counted.
- 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.
- Consider the asset paths: count retirement assets at their discount.
Occupancy and loan size decide the leverage
Leverage on a Grand Rapids high-balance file is not negotiated; it is read from the occupancy ladder and the band. The work is choosing the balance and the equity so the file lands on the rung that fits.
How the deposits are counted
The statement method is chosen before the Grand Rapids file is packaged: which account, how many months, which expense method — each produces a different income, and the ladder is applied to that income.
Asset paths when deposits fall short
For Grand Rapids, MI borrowers whose wealth sits in accounts rather than in deposits, the program’s asset paths supplement or replace statement income, with retirement assets counted at a discount and foreign assets excluded.
Reserves scale with the loan size
On a Grand Rapids, MI file, reserves follow the balance and the portfolio: the larger the loan and the more properties financed, the more liquid assets must be verified after closing.
Property type selects its own cell
The property itself can move a Grand Rapids, MI file: a non-warrantable building, a condotel, a large parcel, or a rural designation each changes the cell before the deposits are reviewed.
From Grand Rapids bank statements to a funded high-balance loan.
The process for a Grand Rapids, MI super jumbo bank statement loan is deliberate, because the details at this size are expensive to discover late.
Place the balance
Every Grand Rapids file starts with occupancy and band. The equity, the transaction type, and the interest-only question are settled around them.
Count the deposits
The deposits become income by one of the program’s methods; Lendmire chooses the method that reads the Grand Rapids, MI business most fairly and packages the statements to support it.
Appraise and package
The appraisals set the value the ladder is applied to; the Grand Rapids, MI file is packaged in parallel — statements, credit, reserves, property — in the order the lender reads it.
Close and fund
Underwriting confirms the income, the ratio, the leverage cell, reserves, and the property; the Grand Rapids file closes on the terms the ladder allows.
A brokerage built around self-employed borrowers.
Lendmire built its practice on borrowers whose tax returns understate their income, which is why the statement methods, the ladders, and the overlays are familiar ground rather than surprises.
Ladders, not guesses
The occupancy ladder, the band, the cell, the overlays, and the program are known at the start of a Grand Rapids, MI file, not discovered in underwriting.
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 a Grand Rapids business fairly.
The right wholesale program
A Grand Rapids 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.
Grand Rapids super jumbo bank statement loan FAQs
What Grand Rapids, MI entrepreneurs want to know about deposit-qualified financing above the standard ceiling — answered at the program level, not the file level.
How is leverage decided on a super jumbo bank statement loan in Grand Rapids?
By occupancy, loan size and credit tier. There is no single loan-to-value on the program; the ladder steps leverage down as the balance climbs, and the best cell in every band requires stronger credit.
How is my income calculated from bank statements?
Deposits divided by months, after exclusions and the expense ratio. The method chosen for a Grand Rapids 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 Grand Rapids home?
Yes, inside the cash-out ladder; the proceeds cap above the set leverage and the reserve rule at the largest balances shape how much cash a file returns.
What is the rate on a super jumbo bank statement loan?
No rate is published on these pages; it depends on the leverage cell, the occupancy, the credit tier, the structure, and the program. The calculator on this page quotes no rate and no payment; a scenario review produces the terms.
How long do I need to have been self-employed?
Two years is the standard; the alternatives exist for owners who changed structure or field recently and can document it.
What expense ratio applies to business statements?
The ratio is chosen from the program’s methods for the Grand Rapids business, and it is the single biggest lever on the qualifying income after the deposits themselves.
What if my deposits fall short but my assets are strong?
Strong liquidity opens the asset-allowance path or the assets-only path, subject to lender program eligibility; Lendmire runs both against the deposits before choosing.
What does Lendmire do on a Grand Rapids high-balance file?
The structural work: occupancy ladder, band, cell, expense method, overlays, appraisals, reserves, program. A Grand Rapids borrower brings the statements; Lendmire brings the ladder.
Should I use personal or business statements?
Use the account that tells the truer story: a Grand Rapids owner who pays themselves regularly often qualifies best on personal statements; an owner whose income stays in the business often qualifies best on business statements with a fair ratio.
What changes above the super-jumbo line?
Credit, history, seasoning, borrower eligibility and property rules all tighten above the line; a Grand Rapids file planned around the overlays clears them, one planned without them stalls.
From bank statements to a funded loan — start the review.
Start with the occupancy, the deposits, and the balance you have in mind. No credit pull or commitment is required to request an initial scenario review.
This guide covers Grand Rapids — 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.
Also in Michigan: Portage · Lansing · Dearborn · Livonia · Super Jumbo DSCR Loans in Grand Rapids · DSCR Loans in Grand Rapids