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
This is the balance the program can reach on a strong file; the leverage cell at any size depends on occupancy, the credit tier, and the transaction.
Top primary-residence leverage
Leverage is read per occupancy, loan size, and credit tier from the matrix — the figure here is the best primary-residence cell, not the whole program.
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
The credit floor for the portfolio program’s lower bands; the bank portfolio program carries its own floor, and above the overlay line a higher floor applies.
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.
This page describes a consumer mortgage program at the program level. The leverage cell for any file comes from the current matrix for its occupancy, loan size and credit tier; the statements, the appraisal, reserves, and full underwriting decide the actual terms, subject to lender program eligibility. Nothing here is a rate, a quote, a fee, or a commitment to lend, and Lendmire is never the lender.
What a super-jumbo bank-statement loan is — and how deposits become income.
For St. Augustine, FL borrowers, the program is best understood as a table rather than a number: each occupancy has its own ladder, each loan-size band has its own leverage and credit cells, and two programs share the work.
Balance inside the standard ceiling? See Bank Statement Loans in Florida, the standard program, or the statewide guide at Super Jumbo Bank Statement Loans in Florida.
Deposits qualify the loan, not tax returns
In St. Augustine, FL, the file is built on statements: consecutive, recent, with transfers between the borrower’s own accounts and unusual deposits excluded, and a limit on returned items in the window. The deposits are the whole income case.
Leverage is a ladder by occupancy and size
For a St. Augustine buyer, the practical question is which rung the balance lands on for their occupancy. Each rung has a leverage ceiling and a credit floor, and the calculator below reads the matrix for the exact size and tier entered.
Credit, reserves and overlays rise with the balance
Above the overlay line, a St. Augustine 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 St. Augustine, FL 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 St. Augustine’s self-employed high earners buy — and how a lender reads the market.
Where St. Augustine, FL’s expensive homes are, how many households earn at the top of the distribution, and how many of them work for themselves — Census estimates give the backdrop for a high-balance review.
These are context figures, not underwriting inputs. Value and income rarely climb at the same pace; the market figures below show how far St. Augustine’s 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 St. Augustine submarkets, distinct appraisal stories.
Where a St. Augustine home sits changes what the appraisal has to prove and which cell the property type selects; the submarkets below are the map most high-balance files are read against.
New construction and rebuilds
Teardown-and-rebuild lots in St. Augustine produce new homes with few direct comparables; the sales the appraiser can find set the value the ladder is applied to. About 14% of St. Augustine’s households earn two hundred thousand dollars a year or more — roughly 886 households at the top of the income distribution.
Inland estates and acreage
Away from the water in St. Augustine, larger parcels and outbuildings bring acreage and use questions the appraisal has to answer, with the acreage cap tightening as the balance climbs. Median household income in St. Augustine sits near $78,151, the middle of a distribution whose top end the program serves.
Second-row and view lots
A row or two back from the water, St. Augustine homes give up some value and keep most of the lifestyle, which usually produces a cleaner loan-to-value and an easier appraisal at the same balance. The median owner-occupied home value in St. Augustine runs near $439,800 on the latest Census estimate.
Waterfront and first-row homes
Along the water in St. Augustine, values run highest and the appraisal is the long pole; the deposits qualify the borrower, the appraisal qualifies the price, and the ladder sets the leverage between them. St. Augustine counts a population near 15K.
Luxury condominiums and towers
A condominium in St. Augustine 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. Census estimates place about 13% of St. Augustine’s owner-occupied homes at a value of one million dollars or more — roughly 517 homes.
Gated and club communities
Behind the gates in St. Augustine, buyers pay for amenities and privacy, and the file has to show that the dues fit the ratio and the community’s documents pass review. Roughly 1,272 St. Augustine workers — about 17% of the workforce — work for themselves, the borrowers bank-statement programs exist for.
These are patterns, not promises: each St. Augustine home is underwritten on its own appraisal, its own deposits, and its own place on the ladder.
Four ways St. Augustine entrepreneurs put super-jumbo bank-statement financing to work.
Super jumbo bank statement financing in St. Augustine, FL is used for more than the first purchase; these are the structures St. Augustine borrowers ask about most.
Finance a second home on the same statements
A St. Augustine 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.
Buy a primary residence above the standard ceiling
A primary-residence purchase above the standard ceiling in St. Augustine, FL qualifies on the statements; the equity is sized to the band, and the appraisal work scales with the price.
Refinance out of a bank or bridge loan
A rate-and-term refinance in St. Augustine, FL 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.
Move with a departing residence
In St. Augustine, a purchase during a move is underwritten on the same statements, with the departing residence handled by the bank portfolio program’s features.
Size a St. Augustine bank-statement file before requesting a quote.
Test a St. Augustine 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.
St. Augustine bank-statement qualifier
Seeded with St. Augustine’s market figures; every field is editable, and the leverage cell updates as occupancy, balance and credit tier change.
Illustrative starting assumptions: a $1,250,000 price set above St. Augustine’s 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.
Super jumbo bank statement is one of four structures a St. Augustine borrower might use on the same home; each reads income differently and stops at a different balance.
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.
The everyday bank-statement loan: deposit-qualified, with its own leverage ceilings by occupancy and a balance limit most St. Augustine homes never approach — the super jumbo path begins where it stops. Inside the standard ceiling, Lendmire arranges bank statement loans in Florida.
A super jumbo DSCR loan reads the property’s rent, not the owner’s statements; it is the path when the property is a rental and the rent carries the payment. For a leased rental, see super jumbo DSCR loans in St. Augustine.
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 St. Augustine scenario review.
The documents a lender reads first on a super jumbo bank-statement file.
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.
Beyond the deposits and the credit tier, a handful of details decide where a St. Augustine high-balance file lands on the ladder — or whether it lands at all.
Use these checks to keep the St. Augustine file clean and fundable.
Settle the occupancy, the statement method, the band, and the property’s eligibility before the appraisal is ordered; a St. Augustine file that clears these reads cleanly.
- Know the rung: confirm the band and the credit tier the best cell requires.
- Count the deposits: choose the account and the months that produce the cleanest income.
- Know the structure: expect a higher credit floor for interest-only.
Occupancy and loan size decide the leverage
Occupancy chooses the ladder and the balance chooses the band; together they set the leverage ceiling and the credit floor for the best cell. A primary residence starts highest, a second home and an investment property a rung lower, and every larger band steps down — which is why the equity is planned before the price.
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.
Interest-only and forty-year structures
An interest-only period is available through select programs at its own leverage cap and credit floor, on a forty-year structure with a ten-year interest-only window on the portfolio program, and on adjustable structures with a lower cap on the bank portfolio program; the ratio is measured on the interest-only payment.
Overlays above the super-jumbo line
Above the overlay line — higher for a primary residence than for a second home or investment property — a St. Augustine file carries a stricter credit floor, a spotless recent housing history, a longer seasoning window, no non-occupant co-borrowers, no rural property, and reserves that cash-out proceeds may not satisfy.
The review line and the bank-program hand-off
The two programs share one ladder in St. Augustine, FL, 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 St. Augustine bank statements to a funded high-balance loan.
The path from St. Augustine bank statements to a funded super jumbo loan runs through the ladder first and the paperwork second.
Place the balance
Every St. Augustine 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 St. Augustine, FL business most fairly and packages the statements to support it.
Appraise and package
The appraisals set the value the ladder is applied to; the St. Augustine, FL file is packaged in parallel — statements, credit, reserves, property — in the order the lender reads it.
Close and fund
The St. Augustine loan closes once underwriting confirms the income at the chosen method and the ratio inside the cap, with reserves verified.
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
Lendmire reads the matrix for a St. Augustine balance before anything is ordered, so the equity and the structure are planned around the rung the file will actually land on.
The statements, read fairly
Personal or business statements, twelve or twenty-four months, a fixed ratio or an accountant’s letter — the choice is made for the St. Augustine, FL file before the lender sees 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.
St. Augustine super jumbo bank statement loan FAQs
Program-level answers to the questions St. Augustine 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 St. Augustine?
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 St. Augustine 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 St. Augustine home?
Inside the cash-out ladder for the occupancy, yes. Leverage steps down by band, and on the portfolio program the proceeds are capped above a set leverage — at or below it the proceeds are not capped. The bank portfolio program publishes no cap of its own, and state home-equity rules apply where they exist.
What if my deposits fall short but my assets are strong?
The program’s asset paths supplement or replace statement income for St. Augustine borrowers whose wealth sits in accounts rather than in deposits, with retirement assets counted at a discount and foreign assets excluded.
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.
How long does a super jumbo bank statement loan take?
Long enough for the statements to be read the program’s way, the appraisals to be completed — two above the line — and the consumer disclosures to run their course. Lendmire settles the ladder and the income first so the appraisal is the only wait.
How much do I need in reserves?
The program counts reserves in months of the full payment — or the interest-only payment on that structure — and scales them with the balance; plan for the payment, not the price.
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 credit score does a super jumbo bank statement loan require?
The published floor opens the portfolio program’s lower bands; the bank portfolio program carries its own floor; above the super-jumbo overlay line a higher floor applies, and the best leverage cells in every band carry higher floors still. The ladder table shows the credit each best cell requires.
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.
Talk through a St. Augustine high-balance file before the appraisal is ordered.
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 St. Augustine — for the statewide ladder, overlays, and scenarios, see Super Jumbo Bank Statement Loans in Florida, part of Lendmire’s super jumbo bank statement loan program.
Also in Florida: Coral Springs · Miami Gardens · Sarasota · Pinellas Park · Super Jumbo DSCR Loans in St. Augustine · DSCR Loans in St. Augustine