The Quick Read: The maximum loan on a super jumbo bank statement file is not one number. It is the lowest result of three tests: the program’s loan-size ladder, the leverage allowed at that size and occupancy, and the income your deposits support after an expense ratio. Across the wholesale network Lendmire works with, programs run from $300,000 to $30,000,000, and every file above $4,000,000 is reviewed case by case before submission.
- No regulator defines “super jumbo.” Each program sets its own line, so published ceilings differ.
- Leverage steps down as loan size rises, and investment property runs about five points below a primary residence.
- Qualifying income is eligible deposits divided by statement months, after an expense ratio.
- Credit floors and reserves rise with size, with a 700 credit floor above the super-jumbo line.
- Headline “up to” figures are ceilings, not promises. Everything is subject to full underwriting.
What Does “Super Jumbo” Actually Mean?
It means a loan large enough that the lender prices and underwrites it as its own tier. Nothing in federal law draws that line. The only official benchmark is the conforming limit, which the FHFA set at $832,750 for a one-unit property, with a high-cost ceiling of $1,249,125, per HousingWire’s summary of the announcement. Anything above is simply jumbo.
Super jumbo sits well beyond that. Most programs start the label in the low-to-mid single-digit millions. Those agency limits matter only as contrast. Bank statement and DSCR loans are not agency products, so the conforming limit does not cap them.
Here is the part that trips people up. Two lenders can both advertise “super jumbo” and mean different things, because the term is a pricing convention, not a category.
The Three Limits That Decide Your Maximum
Every file passes through three gates, and the tightest one wins.
| Limit | What drives it | Where it binds |
|---|---|---|
| Loan-size ceiling | Program ladder | Very large balances |
| Leverage ceiling | Size, occupancy, purpose | Most purchases above $2M |
| Income-supported loan | Deposits, expense ratio, DTI | Borrowers with modest deposits |
Many borrowers assume the first gate matters most. In practice the second and third bind far more often. A program may allow $6,000,000, yet your down payment or your deposits cap you well below it.
How the Size Ladder Steps Down
Leverage falls as the balance rises because the lender carries more risk on a single asset. Through select wholesale programs, subject to full underwriting, a primary residence purchase typically runs 90% to $1,000,000, 85% to $2,000,000, 80% to $3,000,000, and 75% at the top credit tier to $4,000,000. Above that, review is case by case.
Second homes and investment property take their own ladders. An investment purchase between $1,000,000 and $1,500,000 typically tops out at 80%. Between $3,000,000 and $4,000,000 it is 60%. From $4,000,000 to $5,000,000 it is 65% on a purchase, on review, with a 760 credit expectation.
Two programs cover the full range. A portfolio non-QM program carries files to $6,000,000. A separate bank portfolio program takes twelve-month-statement files to $30,000,000 on its own ladder: 65% to $5,000,000, 60% to $10,000,000 and 55% to $30,000,000, all case by case. That ladder begins above $4,000,000 and overlaps the portfolio program to $6,000,000. Above $6,000,000 it stands alone.
That overlap explains why one borrower sees different maximums from different quotes. The programs have different ladders, different statement windows and different credit floors.
What Changes at the Super Jumbo Line?
Overlays switch on. Above $3,500,000 on a primary residence, and above $3,000,000 on a second home or investment property, through select wholesale programs:
- A 700 credit floor, with a 0x30x24 housing history.
- Forty-eight months of seasoning after any credit event.
- U.S. citizens and permanent residents only, with no non-occupant co-borrowers.
- No rural property, and ten acres maximum.
- Cash-out proceeds cannot satisfy reserves.
Reserves also scale. Typical guidelines ask for 3 months to $500,000, 6 months to $1,500,000 and 9 months above that. Each additional financed property adds 2 months, to a 12-month maximum, and first-time investors need 12.
How Deposits Become Qualifying Income
The mechanics are simple, and they set your ceiling. Underwriters total eligible deposits over 12 or 24 consecutive months, strip out non-income credits, then apply an expense ratio to business accounts. Qualifying income equals eligible deposits divided by the months, after that ratio.
Across the network, fixed ratios vary with the type of business and its staffing, and they rise as the number of employees grows or when the business sells products. An accountant-provided ratio can replace the fixed one. A profit-and-loss method is capped at 80%. A borrower’s own-business transfers into a personal account count at 100%, which is why borrowers who pay themselves regularly often qualify for more.
Business statements need at least 25% ownership, and statements must be consecutive. Transaction histories never substitute. Non-QM lenders still verify what they rely on, in line with the CFPB’s verification principle that income be backed by reasonably reliable third-party records. Bank statements meet that test, so this is documented lending, just with different documents.
Debt-to-income can reach 50%.
A Worked Walk-Through
Say a founder with heavy write-offs buys a $3,200,000 investment property. The size ladder allows it. Leverage is the next gate: on an investment purchase between $3,000,000 and $3,500,000, the ceiling is 60%, through select wholesale programs, subject to underwriting. That means a down payment of 40%, and it is usually the constraint that bites first.
Then income. If the borrower’s business deposits are large but the business has six or more employees, the 50% ratio halves them. DTI at or below 50% must still hold after the new payment. If it does not, an accountant-provided ratio may help, or the borrower may shift to a different path.
The point: you can clear the size gate and the leverage gate and still fail on income. Or the reverse. Test all three before you shop.
Other Qualification Paths
Deposits are not the only door. An asset allowance divides liquid assets by 36, 60 or 84 months to supplement income. It applies to primary and second homes only, at 80% maximum. Assets-only qualifies with no DTI when U.S. liquid assets equal the loan plus closing costs plus sixty months of any net loss on other residential property. Retirement accounts count at 70%, or 80% at age 59.5 and over. Business funds, gifts, cryptocurrency and unvested stock never count.
If the property itself throws off strong rent, a DSCR structure may fit better. One underwrites your deposits, the other the property’s rent coverage. Lendmire’s complete DSCR loans guide covers that comparison. Programs below 1.00 coverage are available through select lenders, with adjusted leverage and terms.
Occupancy and Transaction Type
Purchase, rate-and-term and cash-out each carry their own ceiling. On a primary residence between $300,000 and $1,000,000, cash-out runs 80% against 90% on a purchase. On an investment property in that band, cash-out is 75% against 85% on a purchase.
On cash-out, proceeds are unlimited at or below 60% LTV. Above 60%, the portfolio program caps cash in hand at $1,500,000. Interest-only reaches 85% LTV with a 700 credit floor on the portfolio program for purchase and rate-and-term files only. It never raises a cash-out ceiling. The bank program’s interest-only tops out at 60%. Each figure is subject to lender guidelines and a complete review of property type, leverage, and credit.
Occupancy also decides the legal regime. A non-owner-occupied rental is generally treated as business-purpose, and the Federal Register records that investment-purpose loans fall outside the consumer ability-to-repay provisions. Business-purpose does not mean unregulated, and underwriting follows program guidelines instead. For a closer look at the investment-property side, see Lendmire’s piece Leverage Limits on a Super Jumbo Bank Statement Investment Property Loan.
Where the General Rule Breaks
- Above $4,000,000: every figure is a ceiling reviewed case by case, never a flat “up to.”
- Declining income: underwriters read the trend, not just the average. A shorter window or letter of explanation may follow.
- Commingled or mixed accounts: W-2 pay must be removed to avoid double counting, and joint accounts may need an access letter.
- Condos and special property: warrantable condos reach 85% and non-warrantable 80%. Condotels run 75% on a purchase and 65% on cash-out, or 50% on the bank program.
- Texas 50(a)(6) loans: a 5-point LTV reduction applies, stopping at $3,000,000 on the portfolio program.
Key Terms Defined
Super jumbo: A lender-defined pricing tier for very large loans, not a regulatory class.
Expense ratio: The share of business deposits treated as operating cost and removed before income is counted.
Eligible deposits: Statement credits that represent real income, after transfers, refunds and loan proceeds are removed.
Case-by-case review: Individual underwriting before submission, where published maximums become negotiated outcomes.
Seasoning: The waiting period after a credit event before a borrower is eligible again.
What to Prepare Before You Ask
Keep deposits clean for 12 to 24 months, since that is the most controllable lever. Gather every statement page with no gaps. Separate personal and business flows. Document ownership percentage. Line up an accountant letter if your expense ratio is likely to be high. Tax treatment can depend on how the funds are used and how the property is held; investors should keep clear records and speak with a qualified tax professional before relying on any deduction.
If you are financing a high-balance property on business or personal bank statements and want to see how the numbers work, Lendmire can help you compare super jumbo bank statement loan options based on your deposits, the property, credit profile, leverage, and your goals. Lendmire’s consumer mortgage lending is licensed in 16 states: AL, CA, CO, FL, GA, IN, MI, MT, NM, NC, OH, PA, TN, TX, VA and WA. As a broker, it arranges loans through select lenders in its wholesale network. Nothing here is a commitment to lend.
Frequently Asked Questions
What is the maximum loan on a super jumbo bank statement program?
It depends on which program and which gate binds first. Through select wholesale programs, files run from $300,000 to $30,000,000, with the portfolio program reaching $6,000,000 and the bank program going beyond. Above $4,000,000, every file is reviewed case by case, so the published figure is a ceiling.
Does a bigger loan always mean lower leverage?
Generally yes. Leverage steps down with size, and each occupancy has its own ladder. A few bands break the pattern slightly, such as the $4,000,000 to $5,000,000 band on an investment property, where the portfolio program’s super-jumbo overlays apply. Those are on review.
Can I use 12 months of statements instead of 24?
Yes, on many files. The portfolio program accepts 12 or 24 consecutive months, and the bank program uses 12. Statements must be consecutive with all pages, and transaction histories do not substitute.
Is a super jumbo bank statement loan the same as a DSCR loan?
No. A bank statement loan is reviewed on your deposits and DTI, while a DSCR loan is reviewed primarily on property-level rental income covering the payment, subject to lender guidelines. A very large investment loan can go either way depending on your profile.
Does the conforming loan limit cap these loans?
No. The conforming limit applies to agency-eligible loans only. These are non-QM and portfolio products, so program ladders set the limit.
Lendmire’s self-employed mortgages page presents both super jumbo programs, bank statement and DSCR, side by side.
About Lendmire
Lendmire — NMLS# 2371349 — is a mortgage brokerage specializing in DSCR investor loans, helping arrange financing across 41 markets, including Washington, D.C., through wholesale and investor-lending channels. The model centers on property-level rental income reviewed by the lender rather than W-2 documentation, subject to lender guidelines, suiting entity-owned and multi-property investors. Lendmire holds Scotsman Guide Top Mortgage Workplace recognition for 2025 and 2026.
Get Started
Ready to find the right loan for you?
In about 30 seconds you can review financing options available for your home or investment property. No commitment required.
Informational only. Not a Loan Estimate, approval, or commitment to lend. Program availability and eligibility are subject to lender guidelines, credit approval, property review, and underwriting.
References
1. HousingWire: 2026 conforming loan limit
2. CFPB ATR/QM small-entity compliance guide
3. Federal Register: Ability-to-Repay and Qualified Mortgage Standards
This article is part of Lendmire’s super jumbo bank statement loan program — full qualification details, guidelines, and scenarios live on the program page.
Related reading: How to Document a Super Jumbo Bank Statement Loan as a Founder or Realtor · How Owner Draws Work on a Super Jumbo Bank Statement Loan for a Bootstrapped Founder · How to Qualify as a Founder for a Super Jumbo Bank Statement Loan
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
- Mortgage Loan Originator · NMLS# 1129696 · Verify on NMLS Consumer Access
- North Carolina Real Estate Broker · License# 343312 · Verify on NCREC
- North Carolina Insurance Producer · License# 19053198 · Property, Casualty, Life, Health · Verify on NAIC SBS
- Lendmire LLC · Firm NMLS# 2371349 · Verify firm licensure
Compliance and disclosures. Lendmire (NMLS# 2371349) is a licensed mortgage broker and is not a direct lender, depository institution, financial advisor, or tax professional. Content in this article is general market analysis and educational information — not financial, legal, or tax advice for any specific situation. Lendmire does not guarantee loan approval; every transaction is subject to underwriting by the funding lender. Mortgage pricing and loan program guidelines are subject to change at any time without notice and vary by borrower characteristics, property type, and state regulations. Lendmire complies with Equal Housing Opportunity. Licensure verification: NMLS Consumer Access.