Washington, D.C. – August 6, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM lending solutions, announced it has made updates to its Investor Solutions loan program. Loan amounts for all four of its Investor Programs increased from $2 million to $5 million.
In addition, Verus’ bank statement programs and debt service coverage ratio now go up to 80 percent from 75 percent and its debt-to-income ratios have increased from 43 percent to 50 percent.
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 VMC. “Our focus is to offer lenders expansive options to meet the needs of unconventional borrowers.”
About Verus Mortgage Capital
Founded in 2015, Verus Mortgage Capital (VMC) is a non-QM correspondent investor backed by Invictus Capital Partners, a leading investment firm. VMC purchases loans in all 50 states and the District of Columbia and focuses solely on the non-QM market. It offers correspondent lenders a wide range of home financing products for credit worthy borrowers.
The Washington, D.C.-based company, with operations located in Minneapolis, has purchased just under $2.6 billion in expanded, non-QM loans since its inception. In addition, through its affiliates, VMC has completed six rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.