Build Your Pipeline with Limited Docs Non-QM

Get more ways to qualify your borrower with this flexible Non-QM program. Qualify using:

  • Streamline WVOE - Working for family and 1099 borrowers allowed

  • P&L Only3rd party using PTIN license tax preparer

  • Asset Utilizationdivided by 60 months, only one-month seasoned assets with no minimum assets required 

Have a Look at the Guideline Highlights

  • Loans from $150K to $3.0M

  • FICOs from 660

  • 30- and 15-Year Fixed, 5/6 ARM

  • Interest-Only offered on 30-year fixed and 5/6 ARM, qualify over 30-year fixed term

  • Purchase and R&T up to 80% LTV

  • Cash-out up to 75%

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

  • Rural properties allowed up to 5 acres 

  • Primary, second home, and investment

  • U.S. Citizens, Permanent Resident, Non-Permanent Residents

  • ITIN borrowers allowed on WVOE and P&L only

  • No AUS and No 4506-C

  • Max DTI 50%

  • Living rent free allowed

  • 1099 borrowers cannot have any ownership in the company

  • Appraisal Transfers Accepted

WHO ARE YOUR IDEAL CANDIDATES FOR THIS PROGRAM? 

  1. Cash businesses and businesses that do not keep perfect bank records

  2. Businesses with seasonal income, and/or make intermittent deposits that do not follow a regular predictable pattern on a week-to-week, or month-to-month basis

  3. Businesses that have been in operation for at least one year with prior employment in the same line of work

  4. Wage earners who do not receive typical paychecks

  5. Wage earners who change their payments to 1099

QUESTIONS ABOUT THIS PRODUCT? CONTACT SALES AT JMAC