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
Twelve or twenty-four months of statements qualify the file; the expense ratio depends on whether the account is personal or business and on the size of the business.
Credit floor
Credit sets which cells of the matrix are open: this floor opens the lower bands, a higher floor applies on the bank portfolio program and above the overlay line.
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.
The figures on this page are program parameters, not offers: leverage is a matrix of occupancy, loan size and credit tier, cash-out has its own ladder and proceeds cap, two programs share the balance range, and every file is underwritten individually. No rate, payment, fee, or lender is stated or implied. Lendmire brokers these loans through its wholesale network in sixteen licensed states and is never the lender.
What a super-jumbo bank-statement loan is — and how deposits become income.
Deposit-qualified financing at scale: that is the whole idea of a super jumbo bank statement loan in South Haven, MI. The statements carry the file; the ladder sets the leverage; the balance decides which program.
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 super jumbo bank statement loan in South Haven, 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
There is no single loan-to-value on this program. A South Haven 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
Above the overlay line, a South Haven file carries a stricter credit floor, a clean recent housing history, longer seasoning, U.S. citizenship or permanent residency, no non-occupant co-borrowers, and no rural property. Reserves scale with the balance, and cash-out proceeds may not satisfy them.
Two programs, one file
For South Haven, 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 South Haven’s self-employed high earners buy — and how a lender reads the market.
These South Haven, MI figures describe the market, not a borrower; the statements and the appraisal carry the file, and the numbers here only explain the neighborhood it sits in.
These are context figures, not underwriting inputs. The higher the value, the larger the payment the deposits must carry inside the cap; that is the pattern in nearly every luxury market, and it is why super jumbo bank statement files carry more equity, longer statements, or an asset-based path.
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 South Haven submarkets, distinct appraisal stories.
The coastal luxury market around South Haven splits into distinct pockets; a lender underwrites the home in front of it, but the pocket sets the expectations.
Waterfront and first-row homes
First-row property in South Haven prices at the top of the market, and the file follows: the super-jumbo overlays above the line, two appraisals where the balance calls for them, and reserves scaled to the payment the income must carry. South Haven counts a population near 4.0K.
Gated and club communities
Gated and club communities in South Haven bring an association package into the review — dues, transfer rules, warrantability — that a lender reads alongside the statements before the leverage cell is confirmed. The median owner-occupied home value in South Haven runs near $454,100 on the latest Census estimate.
Second-row and view lots
Second-row property in South Haven is where many high-balance bank-statement files land most comfortably: the values still clear the standard ceiling, and the appraisal has company. Median household income in South Haven sits near $68,239, the middle of a distribution whose top end the program serves.
New construction and rebuilds
New luxury construction in South Haven appraises on comparable sales that may be scarce, so the appraisal review is longer and a second opinion is routine at larger balances. Census estimates place about 4.8% of South Haven’s owner-occupied homes at a value of one million dollars or more — roughly 69 homes.
Luxury condominiums and towers
A condominium in South Haven is often the entry point for a high-balance primary or second home, and the building’s financials are underwritten beside the borrower’s deposits. Roughly 423 South Haven workers — about 25% of the workforce — work for themselves, the borrowers bank-statement programs exist for.
Inland estates and acreage
The estate lots inland from South Haven carry space and privacy premiums, and the file has to show the parcel stays inside the program’s acreage limit for its loan band. About 10% of South Haven’s households earn two hundred thousand dollars a year or more — roughly 205 households at the top of the income distribution.
Submarket descriptions are general market context; the statements, the appraisal, and full underwriting decide every figure in a file.
Four ways South Haven entrepreneurs put super-jumbo bank-statement financing to work.
The same deposit-qualified structure serves several purposes at high balances in South Haven, MI; four of the most common are below.
Refinance out of a bank or bridge loan
When a high-value South Haven home carries the wrong loan, a rate-and-term super jumbo bank statement refinance restructures it on the statements, at the band’s leverage.
Qualify on assets instead of deposits
A South Haven 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.
Move with a departing residence
In South Haven, a purchase during a move is underwritten on the same statements, with the departing residence handled by the bank portfolio program’s features.
Finance a second home on the same statements
For a South Haven second home, the file is the borrower’s deposits plus the property’s own review; the leverage follows the second-home ladder.
Size a South Haven bank-statement file before requesting a quote.
Test a South Haven 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.
South Haven bank-statement qualifier
Illustrative South Haven inputs; the calculator re-reads the matrix on every change.
Illustrative starting assumptions: a $1,250,000 price set above South Haven’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.
The right structure for a South Haven, MI borrower depends on the balance, the occupancy, and whether the deposits, the assets, or the property’s rent should carry the file.
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 a South Haven, 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 South Haven.
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 South Haven scenario review.
What a bank-statement scenario review usually starts with.
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 a South Haven high-balance file before the leverage cell is confirmed; each one can move the structure.
Use these checks to keep the South Haven file clean and fundable.
A clean South Haven 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
In South Haven, 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
The statement method is chosen before the South Haven 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 South Haven, 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.
Cash-out has its own ladder and a proceeds cap
Cash-out on a South Haven 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.
The review line and the bank-program hand-off
The two programs share one ladder in South Haven, MI, with a review line inside the portfolio program’s upper bands; the calculator names the program and the review for any balance entered, and Lendmire packages the file for the program whose terms fit.
From South Haven bank statements to a funded high-balance loan.
The process for a South Haven, MI super jumbo bank statement loan is deliberate, because the details at this size are expensive to discover late.
Place the balance
Every South Haven 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 South Haven, MI business most fairly and packages the statements to support it.
Appraise and package
Valuation is settled next: the appraisals the South Haven 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 South Haven 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 South Haven, MI file, not discovered in underwriting.
The statements, read fairly
The expense method changes the income; Lendmire chooses the one that reads a South Haven business most fairly and packages the statements to support it.
The right wholesale program
Not every wholesale lender carries a self-employed borrower past the standard ceiling, and the ones that do differ on leverage, overlays, and documentation; Lendmire knows which is which.
Trusted by homeowners & investors alike.
South Haven super jumbo bank statement loan FAQs
Program-level answers to the questions South Haven 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 South Haven?
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?
The program adds the eligible deposits, removes transfers between the borrower’s own accounts and unusual deposits, applies the expense ratio where a business account is used, prorates to the ownership share, and divides by the statement months.
Can I take cash out of a high-value South Haven home?
Cash-out has its own rungs and its own proceeds cap. A South Haven 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.
Does the program finance investment property?
Investment property qualifies on the deposits like any other occupancy, on its own ladder and with its own rules; where the property’s rent is the stronger case, the DSCR path is the alternative.
How long does a super jumbo bank statement loan take?
The appraisal work and the disclosure timeline set the pace on a South Haven high-balance file; the file itself is packaged in parallel.
How long do I need to have been self-employed?
Two years is the standard; one year can qualify with two years of prior work in the same field, or with a year of formal training.
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.
What expense ratio applies to business statements?
It depends on the business. The program’s fixed ratios rise with employee count and with a product business; an accountant’s letter can replace the fixed ratio where the real margin is better.
Should I use personal or business statements?
Either works. Personal accounts avoid the expense ratio but must show the business transfers; business accounts show the gross deposits and take the ratio the business type carries or an accountant’s letter supports.
Can I finance a second home this way?
Second homes are eligible on both programs within the sixteen-state licensing footprint, on the second-home ladder and as single units only.
Talk through a South Haven high-balance file before the appraisal is ordered.
A first read of a South Haven high-balance scenario takes a few minutes and commits you to nothing; the ladder, the statement method, and the overlays are explained before anything is ordered.
This guide covers South Haven — 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: Saugatuck · Kalamazoo · Portage · Niles · Wyoming · Kentwood · Grand Rapids · Norton Shores
Other loan programs in South Haven: DSCR Loans in South Haven, MI · Super Jumbo DSCR Loans in South Haven, MI · Short-Term Rental Loans in South Haven, MI · Investment Property Cash-Out Refinance in South Haven, MI · Hard Money Loans in South Haven, MI · Bank Statement Loans in South Haven, MI · Bank Statement HELOC in South Haven, MI · Investment Property HELOC in South Haven, MI