NON-QM PRODUCTS

An industry leader in Non-QM lending, JMAC is your alternative lender of choice.

DSCR PRIME NON-QM

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 DSCR INVESTMENT

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.

NEW! 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

ZUMA NON-QM - PRIMARY, SECOND-HOME and investment

Four ZUMA Non-QM alternative lending options up to $4M. Perfect for your "Just Miss" borrowers: Those borrowers who do not fit conventional or jumbo underwriting guidelines. Plus self-employed borrowers.

NEW! CONDO HOTELS. Click Here to learn more.

 

  • ZUMA PRIME FULL: Full-doc qualification with credit events seasoned for 4 years

  • ZUMA PRIME ALT DOC: 12 & 24-months bank statements, 12 & 24 Months P&L, 1099, WVOE, Asset Depletion with credit events seasoned for 4 years

  • ZUMA CREDIT FLEX FULL: Full-Doc qualifications with credit events seasoned for 1 year

  • ZUMA CREDIT FLEX: 12 & 24-months Bank statements, 12 & 24 Months P&L,1099, and WVOE qualifications with credit events seasoned for 1 year

BALBOA - FULL-DOC QUALIFICATIONS WITH NON-QM GUIDELINES

INTEREST-ONLY CONFORMING AND JUMBO. Plus Qualify with Bank Statements.

Full-Doc Qualifications with Non-QM Guidelines - $125K to $3M Conforming and Jumbo with Interest-Only. Max. 50% DTI. Check out the aggressive pricing on Second Homes and Investment transactions with high-balance loan amounts. CASH-OUT – only 6 months seasoning.

  • Interest-Only offered up to $2M, with FICOs from 680

  • Max. 50%DTI

  • $125K to $3M

  • LTV up to 80% with FICOs from 680

  • Aggressive pricing on Second Homes and Investment with high-balance loan amounts

  • CASH-OUT – Only 6 months seasoning required

  • Unlimited cash-out up to 65% LTV

  • CASH-OUT can be used to meet the reserve requirement

  • No seasoning for Rate and Term to use current market value

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