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
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 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, 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 Franklin, TN. 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 Tennessee. The statewide guide to super jumbo bank statement loans in Tennessee explains the ladder for every market in the state.
Deposits qualify the loan, not tax returns
A super jumbo bank statement loan in Franklin, TN 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
The ladder is the program: as a Franklin, TN balance climbs from one band to the next, leverage steps down and the credit required for the top cell rises. Planning the equity around the band is the first structural decision.
Credit, reserves and overlays rise with the balance
The program reads credit twice for a Franklin 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 Franklin, TN 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 Franklin’s self-employed high earners buy — and how a lender reads the market.
Market data for Franklin, TN 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. 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 Franklin submarkets, distinct appraisal stories.
Where a Franklin 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 luxury construction
Newly built luxury homes in Franklin carry the value but not always the comparables; valuation support is settled first, leverage second. About 25% of Franklin’s households earn two hundred thousand dollars a year or more — roughly 8,398 households at the top of the income distribution.
Prestige neighborhoods
In Franklin’s established luxury districts, values are well supported, so the ladder applies with fewer structural adjustments than in thinner markets and the appraisal rarely lands below the contract. The median owner-occupied home value in Franklin runs near $705,400 on the latest Census estimate.
Executive suburbs and enclaves
The relocation market around Franklin keeps values well supported on high-value homes, and a file built on solid deposits reads cleanly against the ladder. Census estimates place about 19% of Franklin’s owner-occupied homes at a value of one million dollars or more — roughly 4,066 homes.
Luxury townhomes and two-to-four-unit homes
Attached and small multi-unit luxury property in Franklin can carry a large balance; the lender reads the building’s documents or the unit count together with the statements. Median household income in Franklin sits near $119,528, the middle of a distribution whose top end the program serves.
Historic and estate districts
Historic property in Franklin appraises on a thin comparable set; two appraisals are routine once the balance crosses the line, and the review takes longer. Roughly 6,127 Franklin workers — about 13% of the workforce — work for themselves, the borrowers bank-statement programs exist for.
High-rise and full-service residences
High-rise units in Franklin can carry very large balances, and the association package — reserves, rental rules, hotel-style operations — is underwritten as carefully as the statements. Franklin counts a population near 87K within the Nashville-Davidson–Murfreesboro–Franklin, TN area.
These are patterns, not promises: each Franklin home is underwritten on its own appraisal, its own deposits, and its own place on the ladder.
Four ways Franklin entrepreneurs put super-jumbo bank-statement financing to work.
How Franklin entrepreneurs put the program to work depends on the occupancy, the balance, and the goal; these four paths cover most files.
Move with a departing residence
A relocating Franklin, TN borrower who is selling one home while buying the next can be carried by the program that treats the departing residence as part of the file.
Take cash out inside the cash-out ladder
A borrower consolidating equity from a Franklin home uses the cash-out path where the ladder allows it, knowing the proceeds cap applies once the leverage passes the program’s cash-out threshold.
Finance a second home on the same statements
A Franklin 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.
Refinance out of a bank or bridge loan
Move a Franklin home out of a bank portfolio loan, a bridge loan, or a maturing structure into a deposit-qualified loan at the leverage the ladder allows, without tax returns.
Size a Franklin 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 a Franklin 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.
Franklin bank-statement qualifier
Starting assumptions reflect Franklin’s home values; change any field and the ladder is re-read.
Illustrative starting assumptions: a $1,275,000 price set above Franklin’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.
Same Franklin borrower, three files: deposits at scale, deposits within the standard ceiling, or the property’s rent — each reads income differently and stops at a different balance.
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 Franklin, TN 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 Tennessee.
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 Franklin.
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 Franklin 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 Franklin high-balance file lands on the ladder — or whether it lands at all.
Use these checks to keep the Franklin file clean and fundable.
Three checks keep a Franklin high-balance file on track: the rung for the occupancy comes first, and the checklist below carries the rest for this market.
- Know the rung: place the balance on the ladder for the occupancy before the price is set.
- Count the deposits: choose the account and the months that produce the cleanest income.
- Consider the asset paths: season the assets the program requires.
Occupancy and loan size decide the leverage
In Franklin, TN, 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
Transfers between the borrower’s own accounts, unusual deposits, and cash not customary to the business are excluded, and returned items are limited inside the window; a Franklin, TN file with clean, consecutive statements and a defensible expense ratio reads cleanly.
Asset paths when deposits fall short
For Franklin, TN 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 Franklin 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.
Interest-only and forty-year structures
Where a Franklin, TN borrower wants the lowest payment the ladder allows, an interest-only structure lowers the payment the deposits must carry, at a leverage cap of its own; the portfolio program’s forty-year structure carries a ten-year interest-only window.
From Franklin bank statements to a funded high-balance loan.
The process for a Franklin, TN super jumbo bank statement loan is deliberate, because the details at this size are expensive to discover late.
Place the balance
The first step is the ladder: where the Franklin, TN balance lands for the occupancy, which cell the credit tier opens, and whether the structure should change to land on a better rung.
Count the deposits
The deposits become income by one of the program’s methods; Lendmire chooses the method that reads the Franklin, TN business most fairly and packages the statements to support it.
Appraise and package
Valuation is settled next: the appraisals the Franklin balance requires and the property review, while the file is assembled for the wholesale program whose ladder reads it best.
Close and fund
Final underwriting reads the whole Franklin, TN file against the matrix, and the loan funds at the leverage the occupancy, band and credit tier opened.
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
A Franklin 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
The expense method changes the income; Lendmire chooses the one that reads a Franklin 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.
Franklin super jumbo bank statement loan FAQs
What Franklin, TN 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 Franklin?
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?
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 Franklin home?
Cash-out has its own rungs and its own proceeds cap. A Franklin 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.
How much do I need in reserves?
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; the calculator shows the months the loan size calls for.
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?
Long enough for the statements to be read the program’s way, the appraisals to be completed — two at the largest balances — and the consumer disclosures to run their course. Lendmire settles the ladder and the income first so the appraisal is the only wait.
What does Lendmire do on a Franklin high-balance file?
Places the file on the ladder first, counts the deposits the program’s way, then builds the file for the program that reads it best; Lendmire brokers the loan through its wholesale network and is never the lender.
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 expense ratio applies to business statements?
A fixed ratio by business type and employee count — lowest for a service business with no employees, higher with employees, and the same top ratio for a larger service business or a product or inventory business — or the ratio an accountant attests to, or a profit-and-loss statement the deposits support, or the deposits-less-withdrawals method.
How long do I need to have been self-employed?
The program reads two years of self-employment history as standard, with the one-year alternatives where the prior work or training supports it.
Ready to size a Franklin balance? Start with the deposits.
A first read of a Franklin 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 Franklin — for the statewide ladder, overlays, and scenarios, see Super Jumbo Bank Statement Loans in Tennessee, part of Lendmire’s super jumbo bank statement loan program.
Nearby markets in Tennessee: Spring Hill · Nashville · Smyrna · Columbia · Murfreesboro · Hendersonville · Lebanon · Gallatin
Other loan programs in Franklin: DSCR Loans in Franklin, TN · Super Jumbo DSCR Loans in Franklin, TN · Short-Term Rental Loans in Franklin, TN · Investment Property Cash-Out Refinance in Franklin, TN · Hard Money Loans in Franklin, TN · Bank Statement Loans in Franklin, TN · Bank Statement HELOC in Franklin, TN · Investment Property HELOC in Franklin, TN