Just the meat, no bones. Here are the criteria for lending: Here is a brief outline of the current guidelines for a High End Home Loan:
1) $500,000 of income the last two years - we're flexible on this as long as the income can be proven by working backwards through creative accounting. a) The debt to income ratio we're looking for is 45% and this is calculated using current interest rates, rough estimates on taxes and insurance. Just to be conservative there is typically an additional $1000 in monthly expenses added to the debt to make sure there is enough income to support the mortgage. Any shortfall can be made up by pledging marketable securities.
2) $1,000,000 in liquid marketable securities
3) $3,000,000 net worth
4) 70% LTV on purchases of less than $4,000,000
5) 65% LTV on purchases up to $5,000,000
6) 60% LTV on purchases of less than $7,500,000
7) 65% LTV on refinances up to $5,000,000
8) 60% LTV on refinances from $5,000,000 up to $7,500,000
9) Anything above $7,500,000 is done on a case-by-case basis
10) Primary residence, second third and fourth homes are okay, but no substantial income can be generated from the property
11) Large cash out refinancing is looked at quite closely these days

This is what I specialize in. IF you meet the criteria above and need funding give me a call.