Skip to main contentBank statement mortgages often accommodate larger loan amounts than conventional financing, making them popular for jumbo and super jumbo purchases. However, both minimums and maximums apply, and terms vary based on loan size.
Typical Loan Amount Ranges
| Loan Size | Typical Range |
|---|
| Minimum | $100,000 - $150,000 |
| Standard maximum | $2 - $3 million |
| Extended maximum | $5 - $10 million+ |
How Loan Amount Affects Terms
Larger loans typically come with stricter requirements:
| Loan Amount | Typical Max LTV | Reserve Requirements |
|---|
| Under $1M | 90% | 6-12 months |
| $1M - $1.5M | 85% | 12 months |
| $1.5M - $2M | 80% | 12-18 months |
| $2M - $3M | 75% | 18-24 months |
| Over $3M | 70% | 24+ months |
Jumbo Bank Statement Loans
Loans exceeding conventional conforming limits ($766,550 in most areas for 2024) are considered jumbo. Bank statement jumbo loans are common because:
- High earners are often self-employed
- Tax optimization strategies reduce documented income
- Conventional jumbo underwriting is strict on income documentation
Super Jumbo Loans
Loans over $2-3 million enter super jumbo territory. These require:
- Significant assets and reserves
- Higher down payments (25-30%+)
- Strong credit (often 720+)
- Established relationship with specialized lenders
Fewer lenders operate in this space, but options exist for qualified borrowers.
Minimum Loan Amounts
Most bank statement lenders set minimums between $100,000 and $150,000. Below this threshold, the manual underwriting process isn’t cost-effective for lenders. For smaller loans, conventional or FHA financing may be better options if you qualify. 
