NON-QM PRODUCTS
An industry leader in Non-QM lending, JMAC is your alternative lender of choice.
DSCR PRIME
PURCHASE/REFINANCE RATE/TERM
LTV <= 75%, DSCR RATIO >= .750
DSCR < 1 Minimum 700 FICO
REFINANCE CASH-OUT
LTV <= 65%, DSCR RATIO >= .750
Restrictions Include:
No exceptions
No rural
No agriculture
No condo hotels
No Foreign Nationals
Credit events less than 24 months are not eligible
Only 3% penalty available
*Loan locked with special promotion will be repriced at worse case market price if the loan is no longer eligible for special promotion.
VENICE DSCR NON-QM
LOANS to $3.5 M for DSCR >= 1.0 LOANS TO $3M for DSCR < 1.0
No Ratio - No minimum DSCR with restrictions. Only one appraisal required up to $2M.
Condo Hotels. Click Here to learn more.
NO RATIO! (NO minimum DSCR) Limited restrictions.
No income and no job required
Transfer appraisals
Foreign Nationals
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 75% LTV and cash-out up to 75% LTV
SFR, condo, 2-4 units and short-term rentals
NEWPORT DSCR
First-time homebuyers
100% gift funds
Blend Asset Utilization with gross rent to boost DSCR ratio
Short-term rental income allowed
No seasoning to use current value for R/T and cash out
Up to 80% LTV