Our true specialty is Non-QM bank statement mortgage solutions, including Super Jumbo loan programs and No-Doc Home Equity Lines of Credit, specifically for high-income entrepreneurs, business owners, and independent professionals who need alternative income qualification methods. Our Super Jumbo Bank Statement Mortgage program allows qualified borrowers to use bank statements instead of tax returns.
Real Scenario: Purchasing a $4.8 Million Property Using Bank Statements
Consider a borrower purchasing a luxury property valued at $4.8 million, bringing a strong 30% down payment and an excellent 764 FICO score. The borrower had been self-employed for over nine years and recently sold their primary residence, creating a time-sensitive purchase scenario.
On paper, their tax returns showed a 57% debt-to-income ratio, which exceeded traditional agency mortgage guidelines. Despite their strong cash flow and significant liquidity, the borrower did not qualify using conventional income documentation.
The Non-QM Bank Statement Solution
By utilizing our Super Jumbo Bank Statement Mortgage program, the borrower qualified using 12 months of business bank statements instead of tax returns. This alternative income calculation revealed the borrower’s true cash flow, reducing their qualifying debt-to-income ratio to 39%.
As a result, the borrower successfully secured financing and closed on the $4.8 million purchase, something that would not have been possible through traditional mortgage programs.
Bank Statement Mortgages for Self-Employed Borrowers
Bank statement mortgages are for borrowers whose income structure does not fit conventional underwriting models. Rather than relying solely on tax returns, we analyze actual deposits reflected in personal or business bank statements to determine qualifying income.
These programs are ideal for:
- Self-employed business owners
- Independent contractors and consultants
- 1099 earners
- Real estate investors
- Entrepreneurs with significant business deductions
- High-net-worth borrowers purchasing luxury or jumbo properties
Super Jumbo Bank Statement Mortgage Program Highlights
Our Super Jumbo Non-QM mortgage solutions provide exceptional flexibility and access to financing for high-value properties:
- Minimum FICO score starting at 660
- Loan amounts from $100,000 up to $5,000,000
- Purchase financing available up to 90% loan-to-value
- Refinance options available up to 80% loan-to-value
- Qualification using 12 months of personal or business bank statements
- 1099 income plus year-to-date bank statements accepted
- One-year full documentation options also available
Expanded Non-QM Solutions Including No-Doc HELOC Options
In addition to purchase and refinance mortgages, BankStatementMortgage.com offers No-Doc Home Equity Lines of Credit (HELOCs) for qualified borrowers seeking to access equity without income verification.
