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Introducing ZUMA: The Ultimate Non-QM Program

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ZUMA is JMAC's new flexible, non-QM lending option that can help your hard-to-qualify clients get approved with 12- or 24-months bank statements or 12- or 24-months full documents. The ZUMA program is available in three levels: ZUMA Prime, ZUMA Credit Flex and ZUMA Investment.

  • No seasoning requirement on settled derogatory credit, such as deed-in-lieu, bankruptcy, foreclosures and short sales

  • Minimum of 2-months reserve on subject and 2-months reserve on each additional up to 12 months

  • Cash in hand may be used to meet reserve requirements (restrictions apply)

  • 5/1 & 7/1 ARM, 15- & 30-year fixed, with 30- and 40-year interest-only

  • Max DTI up to 55%

  • 1x30 mortgage late payments allowed within 12 months

  • Non-occupant co-borrower allowed

  • Up to 20 financed properties (max 10 acres)

  • Loan amounts $75K to $5M

ZUMA Prime

  • Up to 95% LTV to $1.5M on Purchase and R&T

  • FICOs from 660

ZUMA Credit Flex

  • Up to 90% LTV on Purchase and R&T

  • FICOS from 580

  • Pricing on Grade A, B, B-, C based on credit

ZUMA Investment

  • Up to 80% LTV to $1M

  • FICOs from 580