Super Jumbo Bank Statement Loans In New Hampshire — The Quick Read: these loans let a high-earning, self-employed borrower qualify on bank deposits instead of traditional personal-income documentation, on loan sizes that run well past the standard jumbo line. Through select wholesale programs, sizing runs from $300,000 up to $30,000,000 across two different underwriting ladders, with leverage stepping down as the loan gets bigger. New Hampshire’s luxury coastal and lakes-region prices push a real number of purchases into this territory. Every figure below is a typical range, subject to full underwriting.
Before going further: Lendmire currently licenses consumer mortgage lending in 16 states — Alabama, California, Colorado, Florida, Georgia, Indiana, Michigan, Montana, New Mexico, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia, and Washington. New Hampshire isn’t on that list today. But say a New Hampshire property is bought as a rental, not a primary or second home. It may still route through a different, business-purpose investor channel. Still, coverage and eligibility depend on the borrower, the property use, and current program guidelines. If you’re researching this from a New Hampshire address, confirm eligibility directly. Don’t assume availability based on this article alone.
What Counts as “Super Jumbo,” Exactly?
There’s no federal rulebook that defines super jumbo — it’s an industry convention, not a regulation. Most lenders treat it as the tier above standard jumbo financing, where underwriting shifts from an automated grid to a manual, case-by-case file review. In practice, across the wholesale programs Lendmire places files with, that shift happens above $3,500,000 on a primary residence and above $3,000,000 on a second home or investment property.
Below that line, a bank statement loan behaves like a typical jumbo file. Credit, income, and leverage move on a fairly predictable grid. Above it, everything tightens. The credit floor rises, seasoning on any past credit event gets stricter, and so do occupancy rules and reserve strength. Every loan above $4,000,000 also goes through a case-by-case review before it’s even submitted.
New Hampshire’s own housing numbers explain why this tier matters here at all. The statewide median single-family sale price hit a record $580,000 in July, according to the New Hampshire Bulletin, and that’s the statewide median — not the coast. Luxury towns run far higher: New Castle and Rye Beach both post typical values above $2.7 million, per Property Focus market data. A purchase or cash-out refinance at that level in Rockingham or Strafford County — both federally designated high-cost areas, per Fannie Mae’s loan limits page — crosses well past the conforming ceiling before it ever gets near super jumbo range.
Key Terms Defined
- Non-QM (non-qualified mortgage): a loan that sits outside the standard tax-return-based underwriting rules, letting the lender use alternative proof of income like bank deposits.
- Expense ratio: the percentage of a business’s deposits assumed to cover overhead before the rest counts as usable income.
- DTI (debt-to-income ratio): the share of gross monthly income that goes toward debt payments, including the new mortgage.
- Reserves: liquid savings a borrower must have left over after closing, measured in months of the future mortgage payment.
- Interest-only period: a stretch of the loan term where payments cover only interest, with no principal reduction, before amortization begins.
- Asset allowance (asset depletion): a way to convert liquid assets into qualifying income by dividing the balance across a set number of months instead of using deposits or a paycheck.
Key Takeaways
- Sizing runs $300,000 to $30,000,000 through two separate wholesale ladders — a portfolio non-QM program to $6,000,000, and a bank portfolio program that carries 12-month-statement files all the way to $30,000,000 on its own tiered scale.
- Leverage steps down as the loan gets bigger — a borrower putting far less down at $10,000,000 than at $1,000,000 is the rule, not the exception.
- Credit floor is 660 on the portfolio program, 680 on the bank program, and 700 once a loan crosses the super-jumbo overlay line.
- Income can come from bank deposits, a profit-and-loss statement, or liquid assets — three separate paths, not one.
- Above $4,000,000, every file gets a manual, case-by-case look before it’s submitted.
How the Income Calculation Actually Works
Underwriting starts with 12 or 24 consecutive months of bank statements — personal, business, or both — and builds a monthly income figure from the deposit pattern instead of a tax return. Statements have to be consecutive; a printed transaction history doesn’t substitute.
Personal transfers from the borrower’s own business count in full. Business-account deposits get reduced first, because a business account carries overhead a personal account doesn’t. On most files, this reduction — called the expense ratio — is typically fixed by business type. Lower ratios generally apply to service businesses with no employees, and higher ratios apply as staff counts rise and for product-based operations. A borrower’s accountant can also provide a custom ratio. Or the file can run on a profit-and-loss method capped at 80% of stated income. Whichever path applies, deposits get divided across the statement window after the reduction. That number becomes the income figure the file is built around.
Two other paths exist for borrowers whose deposits don’t tell the full story. An asset allowance divides liquid assets across 36, 60, or 84 months to produce supplemental or standalone qualifying income — the 84-month version is required standalone, or on any loan above $3,500,000. An assets-only path skips income and DTI altogether, but it needs liquid U.S. assets equal to the full loan amount plus closing costs plus 60 months of any net loss on other owned real estate. Retirement accounts count toward these totals at 70% of value, rising to 80% once the borrower is past 59½. Business funds, gifts, most trusts, unvested stock, and cryptocurrency don’t count at all.
Leverage by Loan Size — Primary Residence
Leverage is the single biggest thing that changes as the loan size climbs. On a primary residence, through select wholesale programs and subject to underwriting, the ladder looks roughly like this:
| Loan Size | Purchase LTV | Cash-Out LTV | Credit Floor |
|---|---|---|---|
| $300K–$1M | Up to 90% | Up to 80% | 680+ |
| $1M–$2M | Up to 85% | Up to 75–80% | 700–720+ |
| $2M–$3.5M | Up to 75–80% | Up to 65–70% | 720+ |
| $3.5M–$4M | Up to 75% | Up to 65% | 760+ |
| $4M–$6M | Up to 60–65% | Up to 55–60% | 680+, on review |
| $6M–$30M | 55–60% | 50–55% | 680+, case by case |
Second homes and investment properties run roughly five points lower at every size band, with tighter leverage above $3,000,000 and the case-by-case review kicking in at $4,000,000 the same way it does on a primary home. A borrower who prefers to qualify an investment purchase on the property’s own rent, rather than personal bank deposits, has that option too — Lendmire’s complete DSCR loans guide walks through how that alternative path works, and how it compares to bank statement underwriting for a rental purchase.
A note on how these two ladders actually fit together: the bank portfolio program’s own size tiers — 65% to $5,000,000, 60% to $10,000,000, and 55% up to $30,000,000, with interest-only capped at 60% or the tier ceiling, whichever is lower — begin above $4,000,000 and overlap the portfolio non-QM program up through $6,000,000. Above $6,000,000, the bank program stands alone. Which program fits a given file depends on loan size, statement history (12 versus 24 months), and how the borrower wants the loan structured.
Reserves, Credit, and the Super-Jumbo Overlays
Reserve requirements on most files scale with loan size, rising in tiers as the loan amount increases, with additional months required per other financed property, capped at 12 months overall. First-time real estate investors need a full 12 months regardless of loan size. Debt-to-income can run as high as 50%.
Market surveys on super jumbo lending broadly report reserve requirements stretching from roughly a year to three years of payments at the very top of the market. That’s a wider range than what the network above typically requires. It shows how much reserve policy varies from lender to lender at this size.
Once a file crosses the super-jumbo overlay line — $3,500,000 on a primary residence, $3,000,000 on a second home or investment property — several things change at once, through select wholesale programs:
- Credit floor moves to 700.
- Housing history has to show a clean 0x30x24 — no late mortgage payments in the trailing 24 months.
- Any past credit event (bankruptcy, foreclosure, short sale) needs 48 months of seasoning.
- Borrowers must be U.S. citizens or permanent residents — no non-occupant co-borrowers.
- Rural property is off the table, and any parcel is capped at 10 acres.
- Cash-out proceeds can’t be used to satisfy the file’s reserve requirement. Every figure here varies by lender and program — guidelines, property type, leverage, and credit profile all apply.
Cash-out itself has its own ceiling: unlimited proceeds are available at or below 60% loan-to-value on the portfolio program, with a $1,500,000 cash-in-hand cap above that threshold. The bank portfolio program carries no published cap on its own.
Property Types and Where the Line Falls
Warrantable condos go to 85%, non-warrantable condos to 80%, and condotels are capped at 75% on purchase and 65% on cash-out on the portfolio program (50% cash-out on the bank program). Two-to-four-unit properties go to 85%. Second homes have to be single-unit — no multi-family second homes on this product. Rural property caps at 80% on parcels of 10 acres or less, and never above $3,000,000 regardless of borrower strength. A Texas 50(a)(6) home-equity loan takes a five-point reduction off whatever LTV would otherwise apply, and stops entirely at $3,000,000 on the portfolio program. Final terms depend on lender guidelines, property type, leverage, and the borrower’s complete credit picture.
Coastal and lakes-region homes in states with lots of trophy second-home inventory often get closer valuation scrutiny than a similar primary-home file in a dense suburb. This shows up a lot in files that come through a wholesale bank statement pipeline like this one. Appraisers need direct experience with custom architecture and unique waterfront comps. Once value clears $4 million, one appraisal often isn’t enough. You’ll see this pattern in high-value coastal New England and lakefront markets generally. It’s not because of any single state’s rule — unique, high-value collateral just takes longer to value defensibly.
Documentation Checklist
A typical super jumbo bank statement file includes:
- 12 or 24 consecutive months of personal and/or business bank statements
- Proof of at least 25% ownership if business statements are used
- A profit-and-loss statement or accountant letter, if the expense ratio path isn’t used
- Asset statements supporting reserves — and, if using an asset-based path, the full liquid balance
- Credit report and identification
- A letter of explanation for any single deposit larger than roughly half the average monthly deposit total, since large unexplained deposits get flagged and investigated rather than automatically counted
Some borrowers also bring extra income sources into the file. Equity compensation, for instance, is common among founders and executives who are otherwise strong bank-statement candidates. Lendmire’s guide to using RSU and vesting income covers how lenders treat that income type when it’s layered alongside deposit-based qualification.
Building New at This Size
Super jumbo bank statement borrowers aren’t only buying resale homes. A meaningful share are building custom, and the financing mechanics for new construction differ from a straightforward purchase. Lendmire’s breakdown on how to buy new construction with a super jumbo loan covers how draw schedules, builder qualification, and appraisal timing fit into this same size range.
For the end-to-end picture of how these loans work — qualification, structures, and the full process — see Lendmire’s complete DSCR loans guide.
Frequently Asked Questions
Is a 700 credit score always required for a super jumbo bank statement loan?
No — 700 is the floor once a loan crosses the super-jumbo overlay threshold ($3,500,000 on a primary home, $3,000,000 on a second home or investment property). Below that line, the portfolio program’s floor is typically 660, and the bank program’s is typically 680, through select wholesale guidelines.
Can I use only 12 months of bank statements instead of 24?
Yes, on the bank portfolio program specifically, which is built around a 12-month statement window even at very large loan sizes. The portfolio non-QM program typically works with either 12 or 24 months, and the choice can affect which leverage tier applies.
Does a declining income trend automatically disqualify a bank statement file?
No, but it does trigger extra scrutiny. A meaningful drop in deposits over the most recent few months usually requires a written explanation, and the underwriter reviews that explanation alongside the rest of the file before deciding whether the income trend still supports the loan.
What happens to my file once the loan amount passes $4,000,000?
It leaves any automated approval path and moves to manual, case-by-case underwriting before submission. That doesn’t mean approval gets harder in every case — it means a person, not a grid, is weighing credit, reserves, property, and income together.
Can I use this program for an investment property in New Hampshire specifically?
It depends on how the property will be used and which lending channel fits the file — business-purpose investment loans and owner-occupied consumer loans run through different eligibility rules. Given that Lendmire’s consumer mortgage licensing doesn’t currently include New Hampshire, the practical answer is to confirm directly which channel, if any, applies to a specific New Hampshire property before assuming eligibility.
For current guidelines and terms, see Lendmire’s super jumbo bank statement loan programs page.
Self-employed borrowers can compare both super jumbo programs on Lendmire’s self-employed mortgages page.
About Lendmire
Lendmire, NMLS# 2371349, is a non-QM mortgage broker serving real estate investors in 40 markets, including Washington, D.C., through DSCR investor loan programs. Qualification is generally reviewed around the subject property’s rental income, not the borrower’s W-2 history — a practical fit for LLC-titled portfolios and self-employed investors. All scenarios remain subject to lender review and program guidelines. Two consecutive Scotsman Guide Top Mortgage Workplace recognitions (2025, 2026).
Lendmire’s Top Mortgage Workplace recognition is documented by Scotsman Guide 2025 Top Mortgage Workplace and Scotsman Guide 2026 Top Mortgage Workplace.
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References
1. New Hampshire Bulletin — New Hampshire home prices set a record
Brandon Miller
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Required disclosures. Lendmire (NMLS# 2371349) operates as a licensed mortgage broker, not a direct lender or depository. The discussion in this article is general in nature and should not be relied upon as financial, legal, or tax advice — every investment scenario is unique and should be reviewed by a qualified professional. Any loan inquiry is subject to lender underwriting, and this article is not a commitment to lend or a guarantee of approval. Mortgage rates, loan terms, and program guidelines vary by borrower, property, and state, and may change without notice. Equal Housing Opportunity. Verify licensure at NMLS Consumer Access.
