Bank Statement Loans

One is a narrow federal anti-flipping trigger under the federal truth-in-lending rulebook that rarely applies to investment purchases.

What actually triggers one is loan size, property type, and — on a narrow slice of consumer transactions — a specific federal anti-flipping rule.

Loan-to-value (LTV): the loan amount as a percentage of the property’s appraised value or purchase price, whichever is lower.

Pricing and available terms vary by lender, borrower profile, property type, and full underwriting review.

Leverage steps down and credit floors rise as the balance climbs, and everything above $4,000,000 gets reviewed case by case before it’s even submitted.

The property’s use (personal getaway vs. rental and its structure (condotel vs. standalone house change the math more than the price tag does.

Straightforward second-home purchases with clean deposit history and a standard condo often move faster.

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.