Program highlights.
- 1 or 2 years of full doc, 12 or 24 months of bank statements, or 1 or 2 years of 1099s
- Primary, second home and investment
- SFR, 2–4 units, warrantable condos and PUDs
- Up to 50% DTI
Key figures.
- Score from
- 660
- Full doc, primary
- LTV up to
- 80%
- Full doc, primary
- Loans to
- $1.5M
- Full doc, primary
Limits by documentation.
Score · LTV · Loan in each cell, with the tier each needs beneath. Main rows are purchase and rate/term.
| Documentation | Primary | Second home & investment |
|---|---|---|
| Full doc | 660+ score80% LTVloans to $1.5M | 660+ score70% LTVloans to $1.5M |
| Full doc, Cash-out | 700+ score65% LTVloans to $1.5M | 700+ score65% LTVloans to $1.5M |
| Bank statement, 1099 | 660+ score80% LTVloans to $1.5M | 660+ score70% LTVloans to $1.5M |
| Bank statement, 1099, Cash-out | Not offered | Not offered |
What to know.
- Loan amount
- $100K–$1.5MTransaction, property and borrower restrictions still apply.
- Primary purchase / R&T
- Up to 80% LTV660+ FICO; second-home and investment purchase / rate-and-term are limited to 70%.
- Cash-out
- Up to 65% LTV700+ FICO and two years of full income documentation; alternative documentation is not eligible.
- Maximum DTI
- 50%The occupying borrower must qualify when a non-occupant co-borrower is used.
- Reserves
- 6 monthsCash-out proceeds and gifts cannot satisfy the requirement.
- No-score review
- Case by casePrimary purchase / rate-and-term only; housing history and documentation requirements apply.
- Ways to qualify
- Full doc, bank statements and ITINNot offered: P&L only, WVOE only, asset utilization, DSCR, foreign national and recent credit event.
Documents.
Other programs.
Compare with
- Non-QM · Zuma familyZuma PrimeFull documentation and alternative income paths
- Score
- 620+
- LTV
- 90%
- Loan
- $4M
- Non-QM · Newport familyNewport Non-ConformingFull and alternative income documentation
- Score
- 620+
- LTV
- 90%
- Loan
- $3M
- Bank statement loansPersonal or business bank statements document the income. The program you choose sets the statement period, the expense method and everything else.
Questions brokers ask.
What identity documents should I collect?
Start with the assigned ITIN, required IRS verification and unexpired government-issued photo identification. The guide also calls for consistent ITIN reporting and employment history.
Can a family member help with funds?
Eligible gifts are permitted after the required borrower contribution. The borrower must provide 50% of the down payment from their own funds, and gifts cannot be used for reserves.
Your next borrower. Our next conversation.
Bring us your next ITIN loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.