Yes — when your returns, reserves, and credit tell a clear story. Indiana business owners routinely close jumbo purchases with The 2 Mortgage Guys when documentation is organized early.
Jumbo investors look past top-line revenue. They average qualifying net income from personal and business tax returns, review business liquidity, and confirm the company can support both owner draws and the new housing payment.
Strong credit (often 700–720+), solid reserves after closing, and a stable two-year history in the same field make the file much easier. Declining income, thin cash in the business, or incomplete K-1s are the most common slowdowns.
Guidelines vary by investor and are subject to change.
Investors reward clarity and consistency — not just high revenue.
Jumbo is not always the only path for business owners.
Related jumbo guides from Ryan & Steve.
Yes. Jumbo investors regularly approve sole proprietors, LLCs, S-corps, and partnerships when income is well documented, stable, and supported by tax returns and business financials.
Most jumbo programs want two years in the same line of work. Stronger files with longer history, rising income, and clean business liquidity tend to price better and unlock more LTV options.
Typically a two-year average of qualifying net income from personal and business returns — not gross revenue. Large write-offs can lower usable income even when the business is healthy.
Jumbo is usually tax-return based. If add-backs or alternative documentation would help more, we may also compare Non-QM or bank-statement options alongside jumbo.
We read your returns before you shop so you know what income jumbo investors will count.
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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