Super Jumbo Bank Statement Loans

That single choice determines the documentation path, the leverage available, and whether rental income can even help you qualify.

A property you’ll use yourself and rent fewer than 14 days a year can qualify as a second home.

None of what follows depends on where the property sits; the same occupancy test applies whether the second home is in wine country or anywhere else.

There is no federal definition of “super jumbo” — each lender in the network sets its own threshold, which is exactly why shopping matters here.

The two products solve different problems, and mixing them up creates real compliance risk.

The lender takes eligible cash, investments, and retirement funds, applies a divisor, and treats the result as monthly income for underwriting.

Bank statement loan: a mortgage that qualifies income from 12 or 24 months of personal or business bank deposits instead of tax returns or W-2s.

Lenders divide the eligible balance by a set number of months to produce that figure.