DSCR · Foreign national
Wholesale and non-delegated correspondent lending
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Step 2: Pick up to four programs to compare.
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31 programs to explore
DSCR
Boost rent w/ assets · DSCR · ITIN · Foreign national
DSCR · Foreign national
Full doc · Bank statement · P&L only · WVOE only · Assets · ITIN
Full doc · Bank statement · P&L only
Full doc · Bank statement · P&L only · WVOE only · Assets
Full doc · Bank statement · P&L only · Assets · ITIN · Credit event
Full doc · Bank statement · ITIN
Full doc · Bank statement · P&L only · WVOE only · Assets
P&L only · WVOE only · Assets
Full doc · P&L only · WVOE only · Assets · ITIN · Credit event
Full doc · Bank statement
| Program Check to compare | Full doc | Bank statement | P&L only | WVOE only | Assets | DSCR | ITIN | Foreign national | Credit event |
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| FHA, VA, USDA & down-payment assistance | |||||||||
| Stand-alone second mortgages | |||||||||
Listed option · — Not listed. Guidelines determine the available combinations.
JMAC Intelligence, for approved partners
A minute of research.
A clearer next step.
Ask JMAC on this page gives quick answers. JMAC Intelligence at jmaclending.ai takes about a minute to work through each part of your scenario, then shows the guideline passages it used so you can check them.
- 01Reads the whole scenario.
The borrower, the property and the numbers you give it.
- 02Searches the guides that apply.
JMAC’s matrices and the agency guides, side by side.
- 03Works through each rule.
Including the limits and overlays that change the answer.
- 04Shows its sources.
Open the passage behind the guidance, then bring in your AE.
Scenario DeskIllustrative exampleITIN borrower buying a short-term rental. 720 FICO, $450K loan. Which DSCR program works, and what’s the max LTV?
Newport DSCR is the one to research. It’s the only JMAC DSCR program with an ITIN path, and its ITIN matrix allows short-term rentals.source 1
At 720 and $450K, the ITIN grid shows 80% on a purchase. The short-term rental limit caps it at 75% LTV.source 1
JMAC’s four DSCR programs on this scenario
| Program | Short-term rental | ITIN borrower |
|---|---|---|
| DSCR Primesource 2 | Not allowed | No ITIN path |
| Venice DSCRsource 3 | Allowed outside its DSCR Plus and 5–8 unit tiers | Not allowed |
| Newport DSCR Plussource 4 | Needs a 1.15 DSCR, with its own LTV limits | No ITIN path |
| Newport DSCRsource 1 | 75% purchase, 70% cash-out | Dedicated ITIN matrix |
Sources
- Newport DSCR
- DSCR Prime
- Venice DSCR
- Newport DSCR Plus
The full answer, with what would change it and the passages behind it, continues in Scenario Desk.
Turn-time targets in business days
From submission to funding,
step by step.
- Submission Same day
- Initial decision 1 day
- Condition review 1–2 days 1 day conforming and government, 2 days Jumbo, Non-QM and seconds
- Closing disclosure 1 day
- Loan documents 1 day
- Funding conditions 1 day
Condition review is 1 day for conforming and government loans, 2 days for listed Jumbo and Non-QM programs and closed-end seconds.
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