Current super-jumbo bank-statement guidelines, updated from one source.
These figures are read from Lendmire’s centralized super-jumbo bank-statement standards source and update automatically when the program changes. Every state and city guide in this series reads the same source.
Program ceiling
This is the balance the program can reach on a strong file; the leverage cell at any size depends on occupancy, the credit tier, and the transaction.
Top primary-residence leverage
The headline leverage belongs to a primary residence at the smallest balances the program accepts; the ladder table below shows what each occupancy and band allows.
Months of bank statements
Twelve or twenty-four months of statements qualify the file; the expense ratio depends on whether the account is personal or business and on the size of the business.
Credit floor
A published credit floor for the smallest balances; the best leverage cells in every band require stronger credit, as the ladder table shows.
Qualifying income is the eligible deposits divided by the statement months, after the ownership share and any expense ratio; total obligations stay inside this cap.
Cash in hand is capped at this figure when the loan is above sixty percent of value; at or below that leverage the proceeds are not capped on the portfolio program.
An interest-only period is available through select programs at its own leverage and credit floor; the bank portfolio program carries a lower interest-only cap.
| Loan size | Primary residence | Second home | Investment |
|---|---|---|---|
| $300,000 – $1M | 90% · 680+ | 85% · 700+ | 85% · 700+ |
| $1M – $1.5M | 85% · 700+ | 80% · 680+ | 80% · 680+ |
| $1.5M – $2M | 85% · 720+ | 80% · 700+ | 80% · 700+ |
| $2M – $2.5M | 80% · 720+ | 80% · 720+ | 80% · 720+ |
| $2.5M – $3M | 80% · 720+ | 75% · 720+ | 75% · 720+ |
| $3M – $3.5M | 75% · 720+ | 65% · 760+ | 60% · 680+ · bank program |
| $3.5M – $4M | 75% · 760+ | 65% · 760+ | 60% · 680+ · bank program |
| $4M – $5M | 65% · 680+ · bank program | 65% · 760+ · case by case | 65% · 760+ · case by case |
| $5M – $6M | 60% · 680+ · bank program | 55% · 680+ · bank program | 55% · 680+ · bank program |
| $6M – $10M | 60% · 680+ · bank program | 55% · 680+ · bank program | 55% · 680+ · bank program |
| $10M – $20M | 55% · 680+ · bank program | 50% · 680+ · bank program | 50% · 680+ · bank program |
Current super-jumbo bank-statement snapshot · updated September 6, 2026 · portfolio program to $6M, bank portfolio program above it to the ceiling · super-jumbo overlays above $3.5M on a primary residence and $3M on a second home or investment property · portfolio-program balances above $4M reviewed case by case before submission · reserves 3–9 months by loan size.
Super jumbo bank statement loans are non-QM consumer mortgage programs arranged through select wholesale lenders, licensed in sixteen states. Leverage, credit floors, reserves, statement methods, and eligibility are read from the current program matrix for the occupancy, loan size and credit tier and are subject to lender program eligibility and full underwriting. Nothing on this page states or implies a rate, a payment, a fee, or a lender; Lendmire is a mortgage broker and never the lender.
What a super-jumbo bank-statement loan is — and how deposits become income.
For California borrowers, the program is best understood as a table rather than a number: each occupancy has its own ladder, each loan-size band has its own leverage and credit cells, and two programs share the work.
Balance inside the standard ceiling? See Bank Statement Loans in California, the standard program, or return to the super jumbo bank statement loan program overview.
Deposits qualify the loan, not tax returns
In California, the file is built on statements: consecutive, recent, with transfers between the borrower’s own accounts and unusual deposits excluded, and a limit on returned items in the window. The deposits are the whole income case.
Leverage is a ladder by occupancy and size
There is no single loan-to-value on this program. A California file is placed by occupancy and loan size, the credit tier selects a cell inside the band, and that cell is the leverage. The ladder table on this page shows the best cell in each band for each occupancy.
Credit, reserves and overlays rise with the balance
The program reads credit twice for a California file: once against the floor for the band, and once against the floor for the leverage cell requested. A single recent housing late reduces leverage; a credit event inside the seasoning window reduces it further.
Two programs, one file
For California borrowers planning a very large balance, the program that carries it is decided by the ladder: the portfolio program through its bands — case by case above its review line — and the bank portfolio program above them. Either way, the deposits qualify the file.
The calculator below runs this math with your numbers, reads the leverage cell the matrix allows for the occupancy, loan size and credit tier, and shows the housing budget the debt-to-income cap leaves. The statements, the appraisal, and full underwriting decide the actual figures.
Where California’s self-employed high earners buy — and how a lender reads the market.
Across the California markets Lendmire tracks, the share of homes valued above the standard program’s reach and the share of households at the top of the income distribution tell the story of where high-balance files come from.
Statewide figures provide general market context, not an appraisal or an income calculation. Value and income rarely climb at the same pace; the market figures below show how far California’s top of market has moved, and the calculator shows what that means for the debt-to-income math.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including owner-occupied home values by bracket, household income by bracket, and class of worker.
Where California’s high-value housing runs deepest — market by market.
The California markets below are ranked by the share of owner-occupied homes valued above the standard bank-statement ceiling — the markets where super jumbo balances are most common — each with its own page.
Cupertino
In Cupertino, roughly 12,296 owner-occupied homes — 97% of the stock — sit at one million dollars or more; the metropolitan luxury market there supports the balances the super jumbo program exists for. Census context: about 58% of households earning two hundred thousand dollars or more, median value near $2,000,000+, population near 59K.
Carmel-by-the-Sea
In Carmel-by-the-Sea, roughly 937 owner-occupied homes — 96% of the stock — sit at one million dollars or more; the coastal luxury market there supports the balances the super jumbo program exists for. Census context: about 31% of households earning two hundred thousand dollars or more, median value near $2,000,000+, population near 3.2K.
Palo Alto
About 95% of Palo Alto’s owner-occupied homes (13,456) are valued at one million dollars or more, which marks it as a metropolitan luxury market where the appraiser’s comparables run deep and the ladder is applied to well-supported values. Census context: about 55% of households earning two hundred thousand dollars or more, median value near $2,000,000+, population near 67K.
Newport Beach
In Newport Beach, roughly 17,142 owner-occupied homes — 87% of the stock — sit at one million dollars or more; the metropolitan luxury market there supports the balances the super jumbo program exists for. Census context: about 41% of households earning two hundred thousand dollars or more, median value near $2,000,000+, population near 84K.
Redwood City
About 84% of Redwood City’s owner-occupied homes (12,294) are valued at one million dollars or more, which marks it as a metropolitan luxury market where the appraiser’s comparables run deep and the ladder is applied to well-supported values. Census context: about 40% of households earning two hundred thousand dollars or more, median value near $1,801,700, population near 82K.
Santa Clara
In Santa Clara, roughly 17,153 owner-occupied homes — 84% of the stock — sit at one million dollars or more; the metropolitan luxury market there supports the balances the super jumbo program exists for. Census context: about 45% of households earning two hundred thousand dollars or more, median value near $1,582,600, population near 130K.
Market rankings describe the depth of high-value housing stock, not the strength of any file; every California home is underwritten on its own appraisal, its own deposits, and its own place on the ladder.
Four ways California entrepreneurs put super-jumbo bank-statement financing to work.
Four ways a high-value home in California is financed on deposits, each with its own place on the ladder.
Qualify on assets instead of deposits
A California file with strong liquidity can lean on the asset-allowance path to supplement deposits or the assets-only path to replace them, subject to lender program eligibility.
Take cash out inside the cash-out ladder
A borrower consolidating equity from a California home uses the cash-out path where the ladder allows it, knowing the proceeds cap applies above the set leverage.
Finance a second home on the same statements
Second-home financing in California reads the same statements and the same cap; the ladder starts a rung lower than a primary residence and never rises above it, band by band.
Buy a primary residence above the standard ceiling
For a California purchase that a standard bank-statement program cannot carry, the super jumbo path applies the same deposit math at a larger balance, with the primary-residence ladder setting the leverage.
Size a California bank-statement file before requesting a quote.
This tool applies the ladder to a California scenario: occupancy, loan size and credit tier select a leverage cell, the deposits become income by the program’s method, and the debt-to-income cap turns that income into a monthly housing budget. Nothing here is a rate or a payment.
California bank-statement qualifier
Starting assumptions reflect California’s home values; change any field and the ladder is re-read.
Illustrative starting assumptions: a $1,325,000 price set above California’s median owner-occupied home value to reach the super jumbo band, an equity position sized to the ladder, twelve months of deposits sized to carry a balance of that size, and modest other obligations (U.S. Census Bureau). Every field is editable; no rate or payment is shown.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. No rate, payment, or cost is shown or implied. Qualifying income follows the program’s deposit method for the statements entered; leverage is read from the current program matrix for the occupancy, loan size and credit tier; the appraisal, the statements themselves, reserves, and full underwriting decide the actual figures. Consumer mortgage lending licensed in sixteen states.
Same borrower, four very different files.
A self-employed buyer in California can be financed several ways; the difference is what qualifies the loan and how large the balance may be.
Deposits at scale, a standard bank-statement loan, or the property’s rent.
Qualifies on twelve or twenty-four months of deposits above the standard bank-statement ceiling, with leverage read from an occupancy-and-size matrix, super-jumbo overlays above the line, and a bank portfolio program carrying the largest bands.
For a California home inside the standard ceiling, the standard bank-statement program is usually the simpler file; the super jumbo ladder is for the balance above it. Inside the standard ceiling, Lendmire arranges bank statement loans in California.
Rent-qualified rather than deposit-qualified: the super jumbo DSCR program puts the property’s income at the center, which suits a leased rental rather than an owner-occupied home. For a leased rental, see super jumbo DSCR loans in California.
If the deposits carry the payment and the balance is above the standard ceiling, super jumbo bank statement is the structure; if it is inside the ceiling, standard bank statement; if the property is a leased rental, super jumbo DSCR.
What to prepare for a California scenario review.
What a bank-statement scenario review usually starts with.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the loan size, occupancy, the statements, the business, the property, and reserves. Nothing here is legal or tax advice.
Local details that can change the loan.
The larger the balance, the more the details matter. In California, these are the ones that most often change a file’s shape.
Use these checks to keep the California file clean and fundable.
A clean California file starts with the balance placed on the right occupancy ladder, the deposits counted the program’s way, and the reserves counted.
- Know the rung: confirm the band and the credit tier the best cell requires.
- Count the deposits: choose the account and the months that produce the cleanest income.
- Confirm the property: check acreage and any rural designation.
Occupancy and loan size decide the leverage
Occupancy chooses the ladder and the balance chooses the band; together they set the leverage ceiling and the credit floor for the best cell. A primary residence starts highest, a second home and an investment property a rung lower, and every larger band steps down — which is why the equity is planned before the price.
How the deposits are counted
Transfers between the borrower’s own accounts, unusual deposits, and cash not customary to the business are excluded, and returned items are limited inside the window; a California file with clean, consecutive statements and a defensible expense ratio reads cleanly.
Property type selects its own cell
Warrantable condominiums, non-warrantable condominiums, condotels, two-to-four-unit homes and rural property each carry their own leverage cell on the matrix; acreage is capped, rural property is excluded above a set balance, and a second home is limited to a single unit.
Interest-only and forty-year structures
An interest-only period is available through select programs at its own leverage cap and credit floor, on a forty-year structure with a ten-year interest-only window on the portfolio program, and on adjustable structures with a lower cap on the bank portfolio program; the ratio is measured on the interest-only payment.
Cash-out has its own ladder and a proceeds cap
Cash-out on a California home steps down by band and occupancy, and the proceeds are capped above a set leverage on the portfolio program; at or below that leverage the proceeds are not capped. The bank portfolio program publishes no cap of its own.
From California bank statements to a funded high-balance loan.
The path from California bank statements to a funded super jumbo loan runs through the ladder first and the paperwork second.
Place the balance
Every California file starts with occupancy and band. The equity, the transaction type, and the interest-only question are settled around them.
Count the deposits
Lendmire computes the California file’s qualifying income before the appraisal is ordered, so the balance and the ratio are known, not hoped for.
Appraise and package
The appraisals set the value the ladder is applied to; the California file is packaged in parallel — statements, credit, reserves, property — in the order the lender reads it.
Close and fund
The California loan closes once underwriting confirms the income at the chosen method and the ratio inside the cap, with reserves verified.
A brokerage built around self-employed borrowers.
High-balance bank-statement lending is where a generalist stumbles: the ladders differ by occupancy and program, the expense methods differ by lender, and the list of wholesale lenders that handle very large self-employed files competently is short.
Ladders, not guesses
Lendmire reads the matrix for a California balance before anything is ordered, so the equity and the structure are planned around the rung the file will actually land on.
The statements, read fairly
Personal or business statements, twelve or twenty-four months, a fixed ratio or an accountant’s letter — the choice is made for the California file before the lender sees it.
The right wholesale program
High-balance bank-statement ladders differ by program; Lendmire places a California file where its deposits, its credit tier, its occupancy and its property read best, subject to lender program eligibility.
Trusted by homeowners & investors alike.
California super jumbo bank statement loan FAQs
The questions a California business owner asks before requesting a high-balance scenario review, answered at the program level.
How is leverage decided on a super jumbo bank statement loan in California?
From a matrix: occupancy chooses the ladder, the balance places the file in a band, the credit tier selects a cell inside it, and that cell is the leverage. A primary residence carries the highest leverage in the smallest band; each larger band steps down. The ladder table on this page shows the best cell for each occupancy.
How is my income calculated from bank statements?
The program adds the eligible deposits, removes transfers between the borrower’s own accounts and unusual deposits, applies the expense ratio where a business account is used, prorates to the ownership share, and divides by the statement months.
Can I take cash out of a high-value California home?
Yes, inside the cash-out ladder; the proceeds cap above the set leverage and the reserve rule at the largest balances shape how much cash a file returns.
Can I finance a second home this way?
Yes, on the second-home ladder — starting a rung below a primary residence and never above it, with its own credit cells, and limited to a single unit. The same statements qualify the file.
What if my deposits fall short but my assets are strong?
The program’s asset paths supplement or replace statement income for California borrowers whose wealth sits in accounts rather than in deposits, with retirement assets counted at a discount and foreign assets excluded.
Is interest-only available?
Through select programs, yes: at its own leverage cap and credit floor, on a forty-year structure with a ten-year interest-only window on the portfolio program, and on adjustable structures with a lower cap on the bank portfolio program. The ratio is measured on the interest-only payment.
What changes above the super-jumbo line?
A higher credit floor, a spotless recent housing history, longer seasoning after any credit event, U.S. citizenship or permanent residency, no non-occupant co-borrowers, no rural property, an acreage limit, and reserves that cash-out proceeds may not satisfy. The line sits higher for a primary residence than for a second home or investment property.
Does the program finance investment property?
Investment property qualifies on the deposits like any other occupancy, on its own ladder and with its own rules; where the property’s rent is the stronger case, the DSCR path is the alternative.
What happens in the portfolio program’s largest bands and above them?
Two things: the portfolio program reviews its largest balances before submission, and the bank portfolio program continues the ladder to the ceiling on its own terms; the calculator names the program and the review for any balance entered.
What credit score does a super jumbo bank statement loan require?
There are two answers: the floor for the band and the floor for the cell. A stronger tier buys more leverage inside the same band, which is why the calculator asks for the credit tier.
Bring the California statements. We will run the ladder.
Share the property, the statements you would use, and the equity you plan to bring; a Lendmire loan officer places the scenario on the ladder and follows up.
This guide covers California — for the program overview, the ladder, and the qualifier, see Lendmire’s super jumbo bank statement loans hub.
Also in this state: Bank Statement Loans in California · Super Jumbo DSCR Loans in California · DSCR Loans in California