Current super-jumbo bank-statement guidelines, updated from one source.
The snapshot below is not typed onto this page — it is pulled from one super-jumbo bank-statement guideline source and refreshed when that source changes, so Friday Harbor, WA always shows the ladder in force.
Program ceiling
Balances run from the program minimum to the ceiling shown, across two programs; the largest bands sit on the bank portfolio program at its bank-statement leverage cap.
Top primary-residence leverage
At the first rung of the ladder a primary residence reaches this ceiling; second homes and investment property carry their own ceilings, and the ceilings fall as the balance climbs (not at every band) — the ladder table shows each one.
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
Credit sets which cells of the matrix are open: this floor opens the lower bands, a higher floor applies on the bank portfolio program and above the overlay line.
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 |
| $20M – $30M | 55% · 680+ · bank program | 50% · 680+ · bank program | 50% · 680+ · bank program |
Current super-jumbo bank-statement snapshot · updated September 7, 2026 · portfolio program to $6M, the bank portfolio program alongside it and on 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.
Consumer mortgage financing for primary residences, second homes and investment property, arranged through select wholesale programs in sixteen licensed states; the figures shown are current program parameters that vary by occupancy, loan size, credit tier, transaction, and property, subject to lender program eligibility and underwriting. No rate, payment, fee, or lender is stated or implied anywhere on this page. Lendmire is never the lender.
What a super-jumbo bank-statement loan is — and how deposits become income.
For Friday Harbor, WA 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.
For a balance inside the standard ceiling, the standard program covers it — see the guide to bank statement loans in Washington. The statewide guide to super jumbo bank statement loans in Washington explains the ladder for every market in the state.
Deposits qualify the loan, not tax returns
A super jumbo bank statement loan in Friday Harbor, WA is underwritten on twelve or twenty-four months of statements: eligible deposits divided by the months, after the ownership share and any expense ratio. Tax returns are not part of the qualification.
Leverage is a ladder by occupancy and size
Leverage in Friday Harbor, WA is decided band by band and occupancy by occupancy. The same home as a primary residence and as a second home sits on two different ladders — which is why occupancy is entered before the price.
Credit, reserves and overlays rise with the balance
The program reads credit twice for a Friday Harbor 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 Friday Harbor, WA 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.
Enter the occupancy, a price, an equity percentage, a credit tier, the statements you would use and the deposits they show; the calculator computes the income the program’s way and reads the leverage cell for the balance.
Where Friday Harbor’s self-employed high earners buy — and how a lender reads the market.
Census housing and income data describe where Friday Harbor, WA’s self-employed high earners buy and what the top of the market costs; a lender reads those figures as context for the appraisal, not as underwriting inputs.
Market context only. Value and income rarely climb at the same pace; the market figures below show how far Friday Harbor’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.
Distinct Friday Harbor submarkets, distinct appraisal stories.
A super jumbo bank statement file in Friday Harbor reads differently by submarket — appraisal depth, association packages, acreage, and property type all shift from one to the next.
Gated and club communities
Gated and club communities in Friday Harbor bring an association package into the review — dues, transfer rules, warrantability — that a lender reads alongside the statements before the leverage cell is confirmed. The median owner-occupied home value in Friday Harbor runs near $570,400 on the latest Census estimate.
Waterfront and first-row homes
Along the water in Friday Harbor, values run highest and the appraisal is the long pole; the deposits qualify the borrower, the appraisal qualifies the price, and the ladder sets the leverage between them. Median household income in Friday Harbor sits near $80,378, the middle of a distribution whose top end the program serves.
Luxury condominiums and towers
Tower and resort-building units in Friday Harbor can carry very large balances, and the file turns on the association documents as much as on the statements; a non-warrantable project carries its own cell, a condotel a lower one. Friday Harbor counts a population near 2.7K.
New construction and rebuilds
New luxury construction in Friday Harbor appraises on comparable sales that may be scarce, so the appraisal review is longer and a second opinion is routine at larger balances. Census estimates place about 8.0% of Friday Harbor’s owner-occupied homes at a value of one million dollars or more — roughly 58 homes.
Inland estates and acreage
Away from the water in Friday Harbor, larger parcels and outbuildings bring acreage and use questions the appraisal has to answer, with the acreage cap tightening as the balance climbs. Roughly 344 Friday Harbor workers — about 24% of the workforce — work for themselves, the borrowers bank-statement programs exist for.
Second-row and view lots
The view lots and second-row streets of Friday Harbor tend to price where the comparables are deeper, and the ladder rewards that with fewer structural adjustments. About 9.6% of Friday Harbor’s households earn two hundred thousand dollars a year or more — roughly 118 households at the top of the income distribution.
None of this is a valuation or an income calculation; it is the backdrop a Friday Harbor file is read against before the statements and the appraisal decide the numbers.
Four ways Friday Harbor entrepreneurs put super-jumbo bank-statement financing to work.
How Friday Harbor entrepreneurs put the program to work depends on the occupancy, the balance, and the goal; these four paths cover most files.
Refinance out of a bank or bridge loan
Move a Friday Harbor home out of a bank portfolio loan, a bridge loan, or a maturing structure into a deposit-qualified loan at the leverage the ladder allows, without tax returns.
Finance a second home on the same statements
A Friday Harbor second home qualifies on the same deposits as the primary residence, on its own ladder — a little less leverage, its own credit cells, a single unit only.
Take cash out inside the cash-out ladder
Cash-out in Friday Harbor, WA has its own rungs: leverage by band and occupancy, a proceeds cap above a certain leverage, and the bank portfolio program’s own treatment at the largest balances.
Move with a departing residence
Buy the next Friday Harbor home before the current one sells: the bank portfolio program accommodates a departing residence and cross-collateralization, and the deposits qualify the new balance.
Size a Friday Harbor bank-statement file before requesting a quote.
This tool applies the ladder to a Friday Harbor 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.
Friday Harbor bank-statement qualifier
Illustrative Friday Harbor inputs; the calculator re-reads the matrix on every change.
Illustrative starting assumptions: a $1,250,000 price set above Friday Harbor’s median owner-occupied home value to land on the program’s ladder, 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, three very different files.
A self-employed buyer in Friday Harbor, WA 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.
The everyday bank-statement loan: deposit-qualified, with its own leverage ceilings by occupancy and a balance limit most Friday Harbor homes never approach — the super jumbo path begins where it stops. Inside the standard ceiling, Lendmire arranges bank statement loans in Washington.
Qualifies an investment property on its rent rather than the owner on deposits — business-purpose financing with its own ladder, for a leased rental rather than a home the borrower will live in. For a leased rental, see super jumbo DSCR loans in Friday Harbor.
Super jumbo bank statement fits a primary residence, second home or investment property the borrower’s deposits can carry above the standard ceiling; standard bank statement fits the balance inside it; super jumbo DSCR fits a rental whose rent carries the file.
What to prepare for a Friday Harbor scenario review.
The documents a lender reads first on a super jumbo bank-statement file.
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.
These are the points a lender reads on a Friday Harbor high-balance file before the leverage cell is confirmed; each one can move the structure.
Use these checks to keep the Friday Harbor file clean and fundable.
A clean Friday Harbor 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: place the balance on the ladder for the occupancy before the price is set.
- Count the deposits: know the expense ratio the business type carries.
- Consider the asset paths: season the assets the program requires.
Occupancy and loan size decide the leverage
Leverage on a Friday Harbor high-balance file is not negotiated; it is read from the occupancy ladder and the band. The work is choosing the balance and the equity so the file lands on the rung that fits.
How the deposits are counted
The statement method is chosen before the Friday Harbor file is packaged: which account, how many months, which expense method — each produces a different income, and the ladder is applied to that income.
Asset paths when deposits fall short
A Friday Harbor file with strong liquidity has two more doors: supplement the deposits with an asset allowance, or qualify on assets alone, subject to lender program eligibility.
Overlays above the super-jumbo line
The largest portfolio-program balances in Friday Harbor, WA come with overlays that change the file; they are not adjustments, they are the program’s terms at that size.
Cash-out has its own ladder and a proceeds cap
Cash-out is available lower on the ladder than purchase; a Friday Harbor file that wants more proceeds than the cap allows brings the leverage down or restructures.
From Friday Harbor bank statements to a funded high-balance loan.
The path from Friday Harbor bank statements to a funded super jumbo loan runs through the ladder first and the paperwork second.
Place the balance
Every Friday Harbor 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 Friday Harbor 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 Friday Harbor, WA file is packaged in parallel — statements, credit, reserves, property — in the order the lender reads it.
Close and fund
Underwriting confirms the income, the ratio, the leverage cell, reserves, and the property; the Friday Harbor file closes on the terms the ladder allows.
A brokerage built around self-employed borrowers.
Lendmire built its practice on borrowers whose tax returns understate their income, which is why the statement methods, the ladders, and the overlays are familiar ground rather than surprises.
Ladders, not guesses
Lendmire reads the matrix for a Friday Harbor 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
Deposits are only income once they are counted the program’s way; Lendmire counts them first, choosing the statement type, the months, and the expense method that read a Friday Harbor business fairly.
The right wholesale program
High-balance bank-statement ladders differ by program; Lendmire places a Friday Harbor, WA file where its deposits, its credit tier, its occupancy and its property read best, subject to lender program eligibility.
Trusted by homeowners & investors alike.
Friday Harbor super jumbo bank statement loan FAQs
Program-level answers to the questions Friday Harbor borrowers raise most about super jumbo bank statement loans. Every file is underwritten individually; nothing here is a commitment.
How is leverage decided on a super jumbo bank statement loan in Friday Harbor?
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; leverage steps down as the balance climbs. The ladder table on this page shows the best cell for each occupancy.
How is my income calculated from bank statements?
Deposits divided by months, after exclusions and the expense ratio. The method chosen for a Friday Harbor file changes the income, which is why Lendmire settles it before the lender sees the statements.
Can I take cash out of a high-value Friday Harbor home?
Cash-out has its own rungs and its own proceeds cap. A Friday Harbor file inside the ladder can return cash at the band’s leverage; once the leverage passes the program’s cash-out threshold, the proceeds are capped.
How much do I need in reserves?
Reserves follow the balance and the portfolio: the larger the loan and the more properties financed, the more liquid assets must be verified after closing. Above the overlay line, cash-out proceeds may not satisfy them.
What expense ratio applies to business statements?
The ratio comes from one of the program’s methods for the Friday Harbor business — a fixed ratio set by the business type and headcount, an accountant-attested ratio where the real margin is better, or a profit-and-loss path — and it is the single biggest lever on the qualifying income after the deposits themselves.
What is the rate on a super jumbo bank statement loan?
It is quoted for the file, not the program: the cell, the occupancy, the credit tier, and the structure all move it. Nothing on this page states or implies a rate, a payment or a cost.
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.
Should I use personal or business statements?
Use the account that tells the truer story: a Friday Harbor owner who pays themselves regularly often qualifies best on personal statements; an owner whose income stays in the business often qualifies best on business statements with a fair ratio.
How long do I need to have been self-employed?
Two years, or one year with two years of prior work in the same field, or one year plus a year of formal training. Wage or fixed income can be combined with the statement income.
What does Lendmire do on a Friday Harbor high-balance file?
Reads the balance against the matrix for the occupancy, chooses the statement method that reads the business most fairly, chooses the wholesale program whose ladder fits, packages the file — statements, credit, reserves, property — orders the appraisals the balance requires, and manages the lender’s review. Lendmire is the broker, never the lender.
Talk through a Friday Harbor high-balance file before the appraisal is ordered.
A first read of a Friday Harbor high-balance scenario takes a few minutes and commits you to nothing; the ladder, the statement method, and the overlays are explained before anything is ordered.
This guide covers Friday Harbor — for the statewide ladder, overlays, and scenarios, see Super Jumbo Bank Statement Loans in Washington, part of Lendmire’s super jumbo bank statement loan program.
Nearby markets in Washington: Anacortes · Bellingham · Mount Vernon · Port Angeles · Marysville · Everett · Silverdale · Shoreline
Other loan programs in Friday Harbor: DSCR Loans in Friday Harbor, WA · Super Jumbo DSCR Loans in Friday Harbor, WA · Short-Term Rental Loans in Friday Harbor, WA · Investment Property Cash-Out Refinance in Friday Harbor, WA · Hard Money Loans in Friday Harbor, WA · Bank Statement Loans in Friday Harbor, WA · Bank Statement HELOC in Friday Harbor, WA · Investment Property HELOC in Friday Harbor, WA