Sprout Mortgage has rolled out four new non-QM loan programs with maximum LTVs of up to 80% and loan amounts of up to $4 million at lower LTVs.
The four programs include J10 Select Jumbo Full Doc (for income documented with paystubs and tax returns), A10 Select Bank Statements or 1099 (typically for the self-employed), A11 Select Asset Optimizer (for high-net-worth borrowers) and I10 Inve$tor Debt Service Coverage (designed for investment properties).
“We’re excited to be making these four new non-QM programs available to our clients so that they can provide their borrowers with a full range of mortgage options,” says Michael Strauss, president of Sprout Mortgage. “These programs were developed to serve the unmet home finance needs of many consumers who are currently shut out of the home financing market but who are creditworthy borrowers.”
Sprout’s new programs are accessible through many product and pricing engines, including Optimal Blue, Loan Sifter, EPPS, LoanNex and Mortech.
Full details are available here.
Photo: Michael Strauss