Naples, Palm Beach, Boca Raton, Miami — Florida’s luxury and waterfront markets attract a disproportionate number of self-employed buyers, business owners, and entrepreneurs relocating for the state’s tax advantages. The catch is that jumbo underwriting is often the least forgiving to self-employed income. A Super Jumbo Bank Statement loan fixes that: qualify with 12 or 24 months of bank statements instead of tax returns, with loan amounts up to $5 million.
How it works
The lender reviews a set period of personal or business bank statements and uses the deposit history to establish qualifying income, instead of relying on tax returns.
Minimum credit score: 700*
Program highlights
- Loan amounts up to $5,000,000
- 12-month or 24-month bank statement options
- Personal or business account statements accepted
- Available for purchase, rate/term refinance, and cash-out refinance
- Fits Florida’s waterfront, condo, and luxury single-family inventory
Who it’s for
Self-employed business owners and entrepreneurs buying or refinancing a higher-value home in Florida’s luxury markets.
*Figure shown is typical for this loan size; exact minimum is confirmed per investor on your scenario.
Have a scenario you want to run? Send us the details and we’ll let you know within hours whether it fits — Select Home Loans | NMLS # 2384002 | Call (888) 550-3296 | Email: info@selecthomeloans.com.
