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VENICE NON-QM JUMBO RESOURCE GUIDE

The Venice Non-QM program lets borrowers qualify with 6- and 12-months bank statements or one-year tax returns. 

BEST SUITED FOR:

  • Self-employed borrowers needing to qualify bank statements

  • Borrowers with credit events, but have excellent credit history since the event

  • Borrowers one year removed from a bankruptcy, foreclosure or short sale

  • Foreign Nationals looking for competitive rates

LOAN FEATURES:

  • Loan amounts: $125K to $2.5M

  • Min. 650 FICO

  • Foreclosure/bankruptcy/short-sale/loan modification with one-year seasoning

  • 5/1 & 7/1 ARM with interest-only options

  • Non-warrantable condos

  • Gift funds permitted for investment

  • Maximum LTV up to 80%

  • Debt-to-income ratio up to 50%, subject to residual income

  • Full-doc and asset depletion qualifications

  • Unlimited cash out subject to maximum LTV/CLTV


VENICE RESOURCES


CONTACT US - WE'RE HERE TO HELP

Our expert Senior Account Executives provide clear communication and attentive guidance to help you select the right product and work quickly to close your Non-QM loans. 

CAN'T WAIT - GIVE US A CALL

844.888.JMAC (5622)
Sales@JMACLending.com

LET'S TALK BUSINESS