Lendmire Research

Cash counts near full value. Stocks, bonds, and retirement funds get haircuts.

Above $4 million, every file gets reviewed case by case before it even goes to submission. There is no federal rulebook defining any of this.

Super Jumbo Bank Statement Loan Closing Timeline — There’s no fixed number of days written into any rulebook.

The one codified federal second-appraisal rule is tied to property flips within a defined resale window, not loan size and not documentation type.

Lenders subtract funds needed for the down payment, closing costs, and reserves, then divide what’s left by a set number of months.

Nothing about this loan is “no-doc” — it just swaps income paperwork for asset paperwork.

Interest-only changes a completely different number: the payment used to test that income against the loan.

There is no federal number that sets this — every lender writes its own.

DSCR only finances non-owner-occupied rental property.

First-time investors and larger loans often see the reserve requirement climb toward 12 months.

Asset depletion turns liquid savings and investments into a monthly qualifying-income figure.

When it triggers, two independent appraisers value the property, and underwriting uses the lower of the two numbers to size the loan.

A P&L loan qualifies you on a CPA-prepared income statement instead of your tax returns.