VA Loans, Non-QM Mortgages & Lightning Equity Hybrid HELOC
Strategic loan structuring across 49 states. Based in Colorado Springs.
The JD.Mortgage Team
Paramount Residential Mortgage Group, Inc.
The JD.Mortgage Team is led by J.D. Peck, a mortgage professional with more than 25 years of industry experience, helping homebuyers, homeowners, active service-members, veterans, investors, and builders navigate financing decisions with clarity and strategy.
Based in Colorado Springs and lending in 49 states (excluding New York), the JD.Mortgage team works as both a direct lender and broker to provide access to a wider range of loan programs and pricing options. The focus is simple: real analysis, realistic approvals, and loan structures that actually fit a borrower’s financial picture.
The team is especially known for VA home loans with no minimum credit score, manual underwriting scenarios, Non-QM financing, construction loans, investment property financing, and advanced equity solutions. Every file is approached with a long-term mindset, not just to get to closing, but to set clients up for sustainable homeownership and financial stability.
VA Loans
We work straight from the VA handbook, not from lender overlays. That means low credit scores, no minimum credit score, manual underwriting when it makes sense, and approvals built around residual income — not just a FICO number. Whether you’re using your benefit for the first time or restructuring entitlement after a previous VA loan, we build the file for approval before we submit it.
Non-QM Lending
Non-QM is for borrowers whose income doesn’t fit within a standard W-2 box. We close Bank Statement loans for self-employed borrowers, DSCR loans qualified by rental income instead of personal income, Asset Depletion for high-net-worth or retired clients, and 1099 programs for contractors. The right product depends on how your income actually flows — not how a typical lender wants to see it.
Lightning Equity Hybrid HELOC
The Lightning Equity Hybrid HELOC lets you tap your home’s equity without touching your first mortgage. Each draw locks at a fixed rate, payments stay predictable, and funding can happen in as little as 5 days. Lines available up to $750,000. If you’ve got a low first-mortgage rate you want to keep, this is usually the smarter path than a cash-out refinance.
Who We Help
Most of our files don’t fit within a standard box. Here’s who we close loans for every month.
Active Duty Military & Veterans
VA loans built straight from the handbook. Low credit, no minimum credit score, manual underwriting, and entitlement restructuring all on the table.
Self-Employed
Bank Statement loans qualified on cash flow, not tax returns. 12 or 24 months of statements — we build the file around how you actually get paid
Real Estate Investors
DSCR loans qualified by the property’s rent, not your personal income. No tax returns, no W-2s, no employment verification. Close in your name or an LLC.
1099 Contractors & Commission Earners
1099-only income programs that skip the tax return math. Built for sales pros, gig workers, and contractors whose write-offs hurt them on a traditional loan.
Retirees & High-Net-Worth Borrowers
Asset Depletion programs that qualify you on liquid assets and retirement accounts — not job income. Built for borrowers who have the money but not the paystubs.
Homeowners With Equity
Lightning Equity Hybrid HELOC up to $750,000 with funding in as little as 5 days. Keep your low first-mortgage rate and tap equity at a fixed rate per draw.
No. VA itself sets no minimum credit score. Each lender sets their own. As a no-overlay lender, The JD.Mortgage Team follows VA guidelines — not extra bank rules.
A no-overlay lender follows VA rules without adding extra restrictions like minimum credit scores, DTI caps, or reserve requirements. Same VA file, same veteran — denied by one lender, approved by another. The difference is overlays.
VA caps seller concessions at 4% of the home’s value — separate from normal closing costs. Sellers can pay both regular closing costs AND up to 4% in concessions (funding fee, debt payoff, rate buydowns, prepaids).
Yes. Bank statement loans use 12 or 24 months of personal or business bank statements to qualify — no tax returns required. Built for self-employed borrowers whose tax returns don’t reflect actual income.
A DSCR (Debt Service Coverage Ratio) loan qualifies investment property buyers based on the property’s rental income — not personal income or tax returns. If the rent covers the payment, you can qualify.
Non-QM products are flexible. Bank statement and DSCR loans are typically available starting around 620, with some programs going lower. Loan structure, reserves, and down payment affect approval more than score alone.
Yes. A HELOC is a second lien — it sits behind your first mortgage. You keep your existing low rate and only borrow against the equity you need.
Most HELOCs allow up to 85–90% combined loan-to-value (CLTV). On a $500,000 home with a $300,000 first mortgage, that’s roughly $125,000–$150,000 in available equity.
The JD.Mortgage Team at PRMG lends in 49 States Nationwide, excl. NY.
VA purchase loans typically close in 21–30 days. VA IRRRL streamline refinances can close in as little as 14 days. Lightning Equity Hybrid HELOCs typically fund in 5–7 business days.