Super Jumbo Bank Statement Loans

Which bucket you fall into changes the leverage available, the documentation required, and which loan product actually fits.

Martha’s Vineyard is a useful lens for this product, not a national benchmark.

Every file above $4,000,000 gets a case-by-case review before it’s even submitted.

Underwriters look at deposit history instead of a rent roll, and leverage steps down as the loan size climbs.

Leverage steps down as the loan gets larger, reserves step up, and above roughly $3.5 million to $4 million every file moves to case-by-case underwriting.

Super Jumbo Bank Statement Loans In St. Simons Island: what borrowers need to know about high-net-worth bank-statement financing, from Lendmire.

Second-Home Financing In Sea Island — A true second home means the owner or a family member actually uses the property.

Underwriters average 12 or 24 months of bank statements, apply an expense factor to business deposits, and size leverage down as the loan gets bigger.

There’s no federal definition of “super jumbo” — it’s a lender overlay, not a regulation.

Leverage steps down as the loan gets bigger — often starting near 90% on smaller files and falling into the 55%-65% range above $4,000,000.