JET Advantage Mortgage

Expand Your Borrowers’ Options with

Non-QM Second Mortgages!

Purchase, Rate/Term Refinances, and Cash-Out Refinance Available

Reach more clients with Non-QM Seconds Mortgages!

Non-QM Second Mortgages provide the option to tap into the equity of a home to access cash without it affecting the rate on the original loan. Plus, it gives your clients the ability to borrow a lump sum all at once for whatever they need.

Program Highlights

  • Credit Scores Down to 660
  • Loan Amounts up to $750,000
  • 3 & 12 Month Bank Statement Income
  • P&L
  • DSCR
  • 1099
  • WVOE
  • Asset Depletion
  • 1 YR Self Employed
  • Owner Occupied, Non-Owner Occupied, 2nd homes
  • 85% CLTV
  • Terms: 10, 20, 30 Year Fixed Terms
  • Non-Warrantable Condos Eligible

Why Non-QM Seconds Make Sense:

• Get Cash out without refinancing your existing loan
• Seconds do not require Mortgage Insurance
• Rates on Seconds are often better than on lines of credit
• Lower the down payment on a home purchase when paired with a first lien*
• Pay for a large purchase such as; home improvements, home renovations, college expenses or medical bills.
• Fixed Term rates available
• Purchase, Rate/Term Refinance and Cash-Out Refinance available

*Eligible only in conjunction with JET Advantage first liens.

Loans originated in US Territories and the following states are ineligible: NY, TN, TX, VT.  Restrictions apply, contact your Account Executive for details. Important to note that a Non-QM Second Mortgage may typically have a higher interest rate than the first lien mortgage. 

Skip to content