Program highlights.
- Up to 50% DTI
- 30-year fixed and 30-year interest-only
- 1–4 units, non-warrantable condos, condo hotels and rural properties
- Credit events seasoned at least 3 years
Key figures.
- Score from
- 620
- allows 70% to $1M
- LTV up to
- 85%
- at 680+ to $1.5M
- Loans to
- $3M
- at 680+ and 70%
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, bank statement, 1099 | 620+ score85% LTVloans to $3M85% at 680+ to $1.5M; $3M at 680+ and 70%; 620 allows 70% to $1M | 620+ score80% LTVloans to $3M80% at 680+ to $2M; $3M at 680+ and 70%; 620 allows 70% to $1M |
| Full doc, bank statement, 1099, Cash-out | 640+ score75% LTVloans to $3M75% at 660+ to $1.5M; $3M at 680+ and 65%; 640 allows 70% to $1M | 640+ score75% LTVloans to $3M75% at 680+ to $1.5M; $3M at 680+ and 65%; 640 allows 70% to $2M |
| P&L with two months of bank statements | 620+ score80% LTVloans to $3M80% at 640+ to $1M; $3M at 680+ and 70%; 620 allows 70% to $1M | 620+ score80% LTVloans to $3M80% at 680+ to $2M; $3M at 680+ and 70%; 620 allows 70% to $1M |
| P&L with two months of bank statements, Cash-out | 640+ score75% LTVloans to $3M75% at 660+ to $1.5M; $3M at 680+ and 65%; 640 allows 70% to $1M | 640+ score75% LTVloans to $3M75% at 680+ to $1.5M; $3M at 680+ and 65%; 640 allows 70% to $2M |
What to know.
- Purchase LTV
- Up to 85%Primary residence; 680+ FICO through $1.5M. P&L with two months of statements is capped at 80%.
- Loan ceiling
- Up to $3M680+ FICO in the top tier; up to 70% purchase / 65% refinance LTV.
- Credit
- 620-score tierThrough $1M, purchase / rate-and-term up to 70%; no cash-out in this tier.
- Maximum DTI
- 50%Income must qualify under the selected documentation method.
- Reserves
- 3–12 monthsTiered by loan amount, from loans through $500K to loans above $2M.
- Occupancy
- Primary · Second home · InvestmentSecond-home and investment leverage follows a separate matrix.
- Ways to qualify
- Full doc, bank statements and P&L onlyNot offered: WVOE only, asset utilization, DSCR, ITIN, 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 · Zuma familyZuma SilverAnother path for full and alternative documentation
- Score
- 660+
- LTV
- 90%
- Loan
- $3.5M
- Non-QM · Newport familyNewport Non-ConformingFull and alternative income documentation
- Score
- 620+
- LTV
- 90%
- Loan
- $3M
By way to qualify
Each opens every JMAC program that takes that paperwork.
Questions brokers ask.
What does the P&L path require?
The matrix includes P&L with two months of bank statements, subject to an 80% maximum LTV. Review preparer, income and supporting-document requirements in the guide.
How does interest-only affect the matrix?
The Gold matrix directs interest-only loans to the cash-out leverage thresholds. Do not use a higher purchase limit for an interest-only structure.
Your next borrower. Our next conversation.
Bring us your next Zuma Gold loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.