BFF Jumbo goes where most Jumbo programs don't — bank statements accepted alongside full doc, up to $5M, on primary residence. Self-employed high earners and high-net-worth primary buyers have one program that handles both.
Program at a Glance
BFF Jumbo picks up where conforming and high-balance end — minimum loan is $1 above the standard conforming limit for the county. Maximum is $5M. Unlike most Jumbo programs that require full documentation, BFF Jumbo accepts both W-2/tax return documentation and bank statements as income documentation options. Primary residence only. No second homes, no investment properties.
Most Jumbo programs lock you into full documentation. BFF's Jumbo accepts bank statements as an equal alternative - same LTV, same rate structure, same maximum loan amount. This is the defining feature that opens BFF Jumbo to self-employed high earners.
⭐ Alt-Doc Option Bank Statements 12 or 24 months personal or business bank statements Same LTV and loan amount limits as full doc Standard expense factor applied (or P&L for lower actual expenses) No tax returns required Ideal for self-employed borrowers whose tax returns understate income Business bank statements: must document business ownership and access Standard Doc Full Documentation 12 or 24 months W-2s and tax returns Pay stubs for most recent 30-day period Most recent 2 years federal tax returns (personal) Employment verification required Self-employed: business tax returns + YTD P&L Standard agency-style income analysis Same program, either doc type: A self-employed borrower buying a $2M primary residence can use bank statements on the same Jumbo matrix as a W-2 borrower buying the same property. The LTV grid, reserve requirements, and product options are identical. Doc type selection doesn't change the loan terms.
Maximum LTV steps down as loan amount increases. LTV is also FICO-sensitive at higher amounts. Always confirm the correct tier before pricing - the matrix Rev. 03.23.26.V1 is the authoritative source.
| Loan Amount Range | Max LTV - Purchase | Max LTV - R&T Refi | FICO Required | Notes |
|---|---|---|---|---|
| Conforming + $1 to $1,500,000 | 85% | 85% | 700+ | Maximum LTV tier |
| >$1,500,000 to $2,000,000 | 80% | 80% | 700+ | - |
| >$2,000,000 to $2,500,000 | 80% / 75% | 80% / 75% | 720+ / 700-719 | FICO-tiered |
| >$2,500,000 to $3,000,000 | 75% / 70% | 75% / 70% | 720+ / 700-719 | FICO-tiered |
| >$3,000,000 to $3,500,000 | 75% / 70% | 75% / 70% | 720+ / 700-719 | FICO-tiered |
| >$3,500,000 to $5,000,000 | 75% / 70% | Purchase only | 720+ required | CSA 2M+ req · No FTHB · No gifts |
Reserve requirements step up as loan amounts increase. All reserves must be post-closing - verified liquid assets remaining after down payment and closing costs.
6 mo. Reserves Up to $1,500,000 9 mo. Reserves >$1.5M to $2M 12 mo. Reserves >$2M to $3.5M 24 mo. Reserves >$3.5M to $5M
📌 30-Year Fixed Standard fully amortizing 30-year fixed rate. Most common for primary purchase. Qualifies on fully amortized payment. 💲 30-Year Interest Only (IO) 30-year term with interest-only period. Buyer qualifies on IO payment. Lower monthly payment improves DTI for large loan amounts. 📈 5/6 SOFR ARM 5-year fixed initial rate, then adjusts every 6 months tied to SOFR index. Qualify at note rate or fully indexed rate, whichever is higher. 📋 7/6 SOFR ARM 7-year fixed initial rate, then adjusts every 6 months. Longer initial fixed period than 5/6 ARM. Qualify at note rate or fully indexed rate.
| LTV Range | Min FICO | Max Loan | Notes |
|---|---|---|---|
| $1 above conforming to $1.5M | 700+ | $1,500,000 | Maximum LTV tier |
| >$1.5M to $2M | 700+ | $2,000,000 | 80% LTV |
| >$2M to $2.5M | 700–719 or 720+ | $2,500,000 | FICO-tiered: 80% (720+) / 75% (700–719) |
| >$2.5M to $3M | 700–719 or 720+ | $3,000,000 | FICO-tiered: 75% (720+) / 70% (700–719) |
| >$3M to $3.5M | 700–719 or 720+ | $3,500,000 | FICO-tiered: 75% (720+) / 70% (700–719) |
| >$3.5M to $5M | 720+ | $5,000,000 | CSA 2M+ required · No FTHB · No gifts |
Key parameters from the BFF Jumbo Matrix. Download the PDF for complete guidelines before pricing any Jumbo scenario.
| Parameter | Requirement |
|---|---|
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $1 above the standard conforming loan limit for the subject county |
| Min FICO | 700 (720+ required above $2M at some LTV tiers and all loans above $3.5M) |
| Doc Types Accepted | Full Doc (12 or 24 months W-2s/tax returns) OR Bank Statements (12 or 24 months personal/business) |
| Occupancy | Primary residence ONLY - no second homes, no investment properties |
| Max LTV (up to $1.5M) | 85% purchase · 85% R&T · See cash-out limits below |
| Max LTV (>$1.5M to $2M) | 80% |
| Max LTV (>$2M to $3.5M) | 75%-80% depending on FICO (see LTV tier table above) |
| Max LTV (>$3.5M to $5M) | 70%-75% depending on FICO · 720+ FICO required · Purchase only |
| Max Cash-Out | $1,000,000 if LTV <65% · $500,000 if LTV >65% · Texas cash-out not allowed |
| Max DTI | 43% standard · 35% for loans ≥$3.5M |
| Residual Income | $1,500 minimum required |
| Products | 30-yr Fixed · 30-yr IO · 5/6 SOFR ARM · 7/6 SOFR ARM |
| Reserves | 6 months (≤$1.5M) · 9 months (>$1.5M-$2M) · 12 months (>$2M-$3.5M) · 24 months (>$3.5M) |
| Appraisals | 1 full appraisal required for loans ≤$2M · 2 full appraisals required for loans >$2M |
| AUS | Fannie Mae DU Approve/Ineligible (ineligible due to loan amount only) |
| Derogatory Seasoning | 7 years on all major derogatory events (BK, FC, short sale, deed-in-lieu) · 4 years on loan modifications |
| Subordinate Financing | Not allowed - no seconds, HELOCs, or other subordinate liens |
| Gift Funds | Allowed for loans ≤$3M · Not allowed for loans >$3M |
| Temporary Buydowns | Not permitted |
| >$3.5M Requirements | Property must be located in a Combined Statistical Area (CSA) with 2M+ residents · Max DTI 35% · First-time homebuyers ineligible · Gift funds not allowed · Purchase only (no refinance) |
| Matrix Version | Rev. 03.23.26.V1 - March 2026. Do NOT use the December 2025 version. Parameters have changed. |
High earners whose tax returns understate income. Bank statements show the real cash flow with identical LTV limits.
Executives, business owners, and professionals buying primary residences in the $800K–$5M range.
When even the high-balance conforming limit doesn't cover — CA, NY, WA, CO markets where $1.5M–$2M+ homes are standard.
30-year interest-only available for buyers who want to manage monthly payments or maximize qualifying income.
Buyers who plan to move or refinance within 5–7 years can use the 5/6 or 7/6 SOFR ARM for a lower initial rate.
Primary residence owners with significant equity who need liquidity. Up to $1M cash-in-hand at LTV below 65%.
Yes. Bank statements (12 or 24 months, personal or business) are accepted as a full alternative to W-2s and tax returns — with the same LTV limits, same maximum loan amount, and same rate structure. Doc type selection doesn't change the program parameters.
Fannie Mae DU returns Approve/Ineligible because the loan amount exceeds the conforming loan limit. The 'ineligible' designation is solely due to loan amount, not credit, income, or any borrower characteristic. This is the required and expected DU finding.
Reserves are tiered by loan amount: 6 months for loans up to $1.5M, 9 months for >$1.5M to $2M, 12 months for >$2M to $3.5M, 24 months for >$3.5M to $5M. Reserves must be post-closing liquid assets.
One full appraisal is required for loans at or below $2M. Two full appraisals are required for loans above $2M. Both must be full interior appraisals.
Loans above $3.5M require: 720+ FICO, property in a CSA with 2M+ residents, no first-time homebuyers, no gift funds, purchase only (no cash-out), and 24-month reserves. All conditions must be satisfied.
BFF Jumbo Matrix — Rev. Mar 2026
Most Jumbo programs require full documentation only. BFF Jumbo accepts bank statements with identical LTV and loan amount limits to full doc. For self-employed primary buyers above conforming limits, this is often the only clean path.
Loans above $2M require two full appraisals. Order both simultaneously to avoid closing delays. Budget 2× appraisal fees and timeline.
Price it in the Quick Pricer, download the matrix, or call your AE. We Deliver.
