Bank Statement Loans

Carmel is used here only as an example of a high-cost, owner-use coastal market; the underwriting mechanics below work the same way in any state.

Leverage runs lower than a primary residence and steps down as the loan size climbs.

This is a personal-occupancy loan, not a DSCR business-purpose loan — the borrower has to actually use the property part-time, not rent it out full time.

For a business owner, that usually means proving income from deposits, a P&L, or liquid assets, not tax returns.

– Super jumbo has no regulator-set definition — it’s a private-market convention, not a statutory line, and lenders draw it differently.

Leverage on a second home tops out around 85% at the low end and steps down as the loan size climbs.

Bank statement lending lets a self-employed buyer qualify on 12 or 24 months of deposits instead of tax returns.

The occupancy label a buyer signs at closing determines which loan family even applies, long before credit score or down payment enter the conversation.

Asset Depletion Mortgages In Winter Park — These loans let a borrower qualify on liquid assets instead of tax returns or pay stubs.

The size of the purchase, your credit profile, and how the property will actually be used all shape which leverage tier and documentation path apply.