Program highlights.
- First-time homebuyers eligible
- Blend asset utilization with gross rent to boost the DSCR
- Short-term rental income allowed
- 100% gift funds
Key figures.
- Score from
- 620
- allows 65% to $1M
- LTV up to
- 80%
- at 700+ to $1.5M
- Loans to
- $3M
- at 700+ and 70%
Limits by rental coverage.
Score · LTV · Loan in each cell, with the tier each needs beneath.
| Rental coverage | Purchase & rate/term | Cash-out |
|---|---|---|
| DSCR 1.00+ | 620+ score80% LTVloans to $3M80% at 700+ to $1.5M; $3M at 700+ and 70%; 620 allows 65% to $1M | 620+ score75% LTVloans to $3M75% at 700+ to $1.5M; $3M at 700+ and 65%; 620 allows 55% to $1M |
| DSCR 0.75–0.99 | 620+ score80% LTVloans to $3M80% at 700+ to $1.5M; $3M at 700+ and 60%; 620 allows 65% to $1M | 620+ score75% LTVloans to $2.5M75% at 700+ to $1.5M; $2.5M at 700+ and 65%; 620 allows 55% to $1M |
| Below 0.75 | 640+ score75% LTVloans to $2M75% at 680+ to $1M; $2M at 700+ and 65%; 640 allows 60% to $1M | 640+ score70% LTVloans to $2M70% at 680+ to $1M; $2M at 700+ and 60%; 640 allows 60% to $1M |
| Below 1.00 with asset depletion | 680+ score80% LTVloans to $3M80% at 700+ to $1.5M; $3M at 700+ and 60%; 680 allows 75% to $1.5M | 720+ score75% LTVloans to $2.5M75% at 720+ to $1.5M; $2.5M at 720+ and 65% |
| ITIN | 660+ score80% LTVloans to $1M80% at 700+ to $1M; $1M at 700+ and 80%; 660 allows 70% to $1M | 660+ score75% LTVloans to $1M75% at 700+ to $1M; $1M at 700+ and 75%; 660 allows 70% to $1M; purchase 65% |
| Foreign national | 680+ score75% LTVloans to $3M75% at 680+ to $1M; $3M at 700+ and 50% | 680+ score65% LTVloans to $2M65% at 680+ to $1M; $2M at 680+ and 50% |
What to know.
- Loan amount
- $100K–$3MLoans under $150K cap at 75% purchase and rate/term, 70% cash-out. Foreign national loans start at $125K.
- Coverage paths
- Above & below 1.00Separate bands cover 0.75–0.99 and below 0.75; not every band allows every loan tier.
- Purchase / R&T
- Up to 80% LTV700+ FICO through $1.5M with DSCR of 1.00 or more. At 0.75–0.99, purchase keeps 80% through $1.5M and rate/term reaches 80% only through $1M. Asset-supported qualification has separate overrides.
- Credit
- 620-score optionsReduced leverage in selected tiers; use the applicable coverage band.
- Reserves
- 0 / 2 / 6 monthsStandard path: none through $1.5M, 2 months above $1.5M, 6 above $2.5M.
- Additional paths
- Assets & foreign nationalsAsset utilization can supplement rent; foreign nationals use a separate matrix.
- Ways to qualify
- Asset utilization, DSCR, ITIN and foreign nationalNot offered: full doc, bank statements, P&L only, WVOE only and recent credit event.
Documents.
Other programs.
Compare with
- DSCR · Newport familyNewport DSCR Plus100% gift funds, gift of equity, first-time homebuyers and living rent-free
- Score
- 640+
- LTV
- 80%
- Loan
- $3M
- DSCRVenice DSCRNo minimum DSCR on 1–4 units, including rural, short-term rentals and condo hotels; 5–8 units and 2–8 mixed use at 1.00+ DSCR
- Score
- 640+
- LTV
- 80%
- Loan
- $3.5M
- DSCRDSCR PrimeA well-priced option for long-term rentals with positive cash flow
- Score
- 640+
- LTV
- 80%
- Loan
- $2M
By way to qualify
Each opens every JMAC program that takes that paperwork.
Questions brokers ask.
Can assets help a lower-ratio loan?
The guide permits asset utilization to supplement gross rental income. The matrix includes specific credit and leverage overrides for this qualification path.
Is Newport DSCR Plus the same program?
No. DSCR Plus has its own minimum coverage, leverage, reserve and foreign-national rules. Compare the exact program rather than treating Plus as an interchangeable label.
Your next borrower. Our next conversation.
Bring us your next Newport DSCR loan.
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