Most bank statement Non-QM programs commonly land around 10–20% down for primary homes — with higher equity often needed for investments, lower credit, or thinner reserves.
Illustrative LTV patterns we see on Indiana bank statement files — your investor may differ.
Primary residence
10–20% common
Stronger credit and reserves can support higher LTV tiers
Second home
Often 15–25%+
Occupancy rules and pricing vary by investor
Investment property
Often 20–25%+
More equity than primary; sometimes paired with DSCR instead
Mid-600s credit
More equity helps
Extra down payment is a common compensating factor
Gift funds
Often allowed
May still need some borrower-sourced cash
Reserves after close
Plan 2–6 months
Cash left after down payment still matters
Down payment minimums vary by investor and change without notice. Not a guarantee of approval.
Down payment is a pricing and risk lever on Non-QM — not a single fixed number.
Ryan & Steve match your deposit income calc to investor LTV grids — so you know whether 10%, 15%, or 20%+ is the realistic path before you shop.
We also check gift documentation, large deposits, and reserve sources so underwriting does not stall after you are under contract.
If conventional or FHA can clear with less money down and your tax returns support it, we say so — bank statement is the tool when write-offs hide cash flow, not the default for every buyer.
Cash-to-close checklist
Related bank statement guides and Non-QM resources from Ryan & Steve.
How score tiers affect LTV flexibility and pricing.
Typical down payment and guidelines for rentals.
Credit, equity, reserves, and deposit eligibility.
Full program hub with guidelines and Get Pre-Approved CTAs.
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Many Non-QM bank statement programs commonly start around 10–20% down for primary residences. Investment properties and lower credit files often need more equity. Exact minimums vary by investor, LTV tier, and occupancy.
Some investors allow higher LTVs with strong credit, reserves, and clean deposit history — but sub-10% options are less common than on FHA or conventional 3% programs. We confirm the matched investor before you write an offer.
Often yes, when documented with a gift letter and transfer trail. Some investors still require a portion of the down payment from your own funds. We check gift rules against the specific bank statement product.
Yes. Extra equity can offset mid-600s credit, thinner reserves, or investment occupancy — and often improves Non-QM pricing tiers.
Ryan & Steve pair your deposit income with investor LTV grids — so you know how much down you really need before you shop.
Ryan Minick and Steve DeLon — Branch Managers & Senior Loan Officers at Luminate Bank. Based in Kokomo, Indiana. Lending nationwide since 2005.
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
Luminate Bank NMLS# 1281698
Kokomo's Mortgage Team. Lending Nationwide.
1221 Appletree Lane, Kokomo, IN 46902
Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved.
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