Super Jumbo Bank Statement Loans

Terms vary by lender guidelines, property type, leverage, credit profile, and full file review.

– Bank statement loans qualify borrowers on 12 or 24 months of deposits, not W-2s or tax returns.

It works for primary residences, second homes, and investment properties, unlike a DSCR loan, which only finances non-owner-occupied rentals.

If the real plan is a full-time rental, a property-income loan is usually the better fit, not a bank-statement second-home loan.

On a barrier island where most homes list above $1 million, this documentation path is often the only realistic route to financing.

If personal use will exceed roughly two weeks a year, the file belongs in a bank statement program that qualifies on deposits instead of tax returns.

Everything else in the file — expense ratios, asset haircuts, interest-only structuring — exists to support those two numbers.

Second-Home Financing In Franklin — A second home is a property you personally use part of the year — not a rental.

DSCR loans only work for properties the borrower never occupies.

Leverage on a second home runs lower than on a primary residence and steps down as the loan size grows.