Bank Statement Loans

Sizes run from $300,000 to $30,000,000 across two wholesale channels, with leverage stepping down as the loan gets bigger.

Non-warrantable simply means the building fails one of those checks, not that the unit is unfinanceable.

An asset depletion mortgage converts liquid assets into a monthly qualifying income figure instead of relying on tax returns or pay stubs.

What changes is the collateral file — the appraisal, the draw schedule, and the insurance handoff.

On a super jumbo file, that tracing burden gets heavier, not lighter, because the loan sizes are bigger and the entity structures are usually more complex.

CPA Letter Change The Expense Factor — Usually, no — because a second-home loan rarely uses an expense factor at all.

Sizing runs $300,000 to $30,000,000 through two separate wholesale ladders, with leverage stepping down as the loan gets bigger.

Documentation runs on bank statements, 1099s, or a CPA-prepared profit-and-loss instead of tax returns, and leverage steps down as loan size climbs.

Trust Count Outside Accounts As Reserves — Yes, in many cases — but it depends heavily on trust type and documentation.

Partner Draws Count Differently From Distributions — Not really, and that surprises most partners the first time they apply for a P&L loan.

Partner Draws Count Differently From K-1 Distributions — Yes, and the gap matters more than most borrowers expect.

Trust Choose Arm Or Fixed — The trust itself doesn’t decide this.

Most asset depletion programs exclude business holdings from the calculation entirely, counting only personal liquid and semi-liquid assets.

Retained Earnings Be Reserves On A Super Jumbo — No, not on their own.

How A CPA Letter Changes Usable Income On A Super Jumbo Loan — A CPA letter doesn’t hand you extra money out of nowhere.