Bank Statement Loans

Loan size runs from $300,000 to $30,000,000 through two separate wholesale programs, with leverage stepping down as the balance climbs.

Underwriters reclassify it as a business account and apply an expense ratio to the deposits before counting anything as qualifying income.

One Declining Year Kill A Super Jumbo — No, one declining year does not automatically kill a super jumbo bank statement application.

The catch on new construction specifically isn’t the income math — it’s proving the building is legally done.

Bigger loans get less leverage and demand more reserve months.

Second homes carry lower leverage than a primary residence and require exclusive personal control — no rental pool, no management company running bookings.

The borrower’s income documentation, credit, and reserves solve a different piece of the puzzle.

That means you strip it out yourself before submission, label it clearly, and attach a same-source, same-destination paper trail.

The fix usually isn’t a bigger balance sheet — it’s better documentation of why the recent months look the way they do.

Loan size changes how hard they look: above roughly $3.5 to $4 million, every file gets individual underwriter review instead of an automated grid.

The lender uses net income from that statement, verifies the preparer’s license, and often layers in two months of business bank statements.

The two loans never blend into one file.