Sprout Mortgage says it has enhanced its suite of non-QM programs to include a new max 85% LTV on most loan programs and reduced rates across the company’s entire program offering.
Another enhancement is increased maximum loan amounts at lower LTVs on its Select program loans.
“We’re pleased to broaden the qualifications and capabilities of our programs to help our clients meet the needs of borrowers in today’s evolving markets,” says Michael Strauss, president of Sprout Mortgage. “Our Premier, Select and Inve$tor programs, along with innovative technology and highly skilled account executives, combine to make non-QM mortgages easy and convenient for our clients while providing a broad range of solutions for many different home finance scenarios.”
Sprout recently launched four non-QM programs, including full doc, bank statement, asset depletion, and investor financing, with loan amounts to $4 million.
The company notes that its loan programs are accessible through product and pricing engines such as Optimal Blue, Loan Sifter, EPPS LoanNex and Mortech.
Photo: Michael Strauss