The correspondent investor has increased loan amounts and debt-to-income ratios
Verus Mortgage Capital, a full-service correspondent investor for residential non-QM lending, has announced that it has updated its Investor Solutions loan program. Loan amounts for all four of its investor programs have been increased from $2 million to $5 million.
In addition, Verus’ bank statement programs and debt-service coverage ratio have been increased from 75% to 80%, and its debt-to-income ratios have increased from 43% to 50%.
All Verus Investor Solutions loans feature:
- DSCR/property cashflow underwrites available
- Interest-only availability
- Cash-out options
- Closing as a corporation or LLC
- Unlimited number of finance properties
- Foreign nationals allowed
“At Verus Mortgage Capital, we’re committed to providing lenders with solutions for their investment property borrowers that are underwritten to borrower or property income,” said Dane Smith, president of Verus Mortgage Capital. “Our focus is to offer lenders expansive options to meet the needs of unconventional borrowers.”
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