NON-QM PRODUCTS

An industry leader in Non-QM lending, JMAC is your alternative lender of choice.

SUBMIT A LOAN SCENARIO

VENICE DSCR NON-QM DSCR INVESTMENT

LOANS to $3.5 M for DSCR >= 1.0    LOANS TO $3M for DSCR < 1.0

DSCR < 1 Minimum 700 FICO

No Ratio - No minimum DSCR with restrictions. Only one appraisal required up to $2M.

  • NO RATIO! (NO minimum DSCR) Limited restrictions.

  • No income and no job required

  • Transfer appraisals

  • Gift funds allowed after 10% from borrowers own funds

  • Only 30-days of assets docs. for closing funds and reserves

  • First-time investors: Up to 75% LTV

  • Cash out can be used to meet reserve requirements

  • Texas cash-out is allowed

  • Closed in LLC

  • 30-year fixed, SOFR ARMs 5/6 & 7/6 with Interest-Only options

  • Purchase up to 80% LTV and cash-out up to 75% LTV

  • SFR, condo, 2-4 units and short-term rentals

ZUMA NON-QM MAKE WAVES

Two ZUMA Non-QM alternative lending options up to $3M. Perfect for your "Just Miss" borrowers: Those borrowers who do not fit conventional or jumbo underwriting guidelines. Plus self-employed borrowers.

 

  • ZUMA PRIME FULL: Full-doc qualification with credit events seasoned for 4 years

  • ZUMA PRIME ALT DOC: 12 & 24-months bank statements, 12 & 24 Months P&L, 1099, WVOE, Asset Depletion with credit events seasoned for 4 years

ZUMA NON-QM BANK STATEMENTS CALCULATOR

LIMITED DOCS NON-QM - QUALIFY THREE WAYS

  • Streamline WVOE – Working for Family & 1099 borrowers allowed

  • P&L Only – 3rd Party Using PTIN Tax Preparer

  • Asset Utilization – Divided Over 60 Months

  • $150K to $3.0M

  • FICOs from 660

  • 30- and 15-Year Fixed

  • Interest-Only offered on 30-year fixed – qualify on 30-year fully amortized note rate

  • Only 30-days of asset seasoning

  • 100% gift funds for Primary, Second Home and Investment on WVOE and P&L

  • Purchase and R&T up to 80% LTV

  • Cash-out up to 75%

  • SFR, Condo, non-warrantable Condo, PUD, 2-4 Units

Balboa - FULL-DOC QUALIFICATIONS WITH NON-QM GUIDELINES

INTEREST-ONLY CONFORMING AND JUMBO. PLUS QUALIFY WITH FULL-DOC, P&L OR BANK STATEMENTS.

Full-Doc Qualifications with Non-QM Guidelines - $125K to $3M Conforming and Jumbo with Interest-Only. Max. 50% DTI. Check out the aggressive pricing on Second Homes and Investment transactions with high-balance loan amounts. CASH-OUT – only 6 months seasoning.

  • Interest-Only offered up to $2M, with FICOs from 680

  • Max. 50%DTI

  • $125K to $3M

  • LTV up to 80% with FICOs from 680

  • Aggressive pricing on Second Homes and Investment with high-balance loan amounts

  • CASH-OUT – Only 6 months seasoning required

  • Unlimited cash-out up to 65% LTV

  • CASH-OUT can be used to meet half of the reserve requirement

  • No seasoning for Rate and Term to use current market value