Credit Ascent Loan Program
Credit Ascent Loan Program from Verus
Our Credit Ascent Loan Program offers responsible solutions for borrowers with less-than-perfect credit.
Many individuals who could benefit from a non-QM loan may be unaware of their eligibility. Our Credit Ascent Loan Program helps borrowers with less-than-stellar credit by taking into account their capacity to repay and using a practical approach to underwriting.
The Credit Ascent Loan Program employs a flexible approach to underwriting that allows for both standard and non-traditional forms of documentation. This accommodates both conventional and self-employed borrowers and increases the chance of qualification.
Standard Documentation
- LTVs up to 85%
- FICOs down to 620
- DTI up to 50%
- Loan amounts from $150,000 to $3,000,000
- Interest-only available
- Cash-out options
Alternative Documentation
- LTVs up to 85%
- FICOs down to 620
- DTI up to 50%
- Loan amounts from $150,000 to $3,000,000
- Interest-only available
- Cash-out options
- 12-month and 24-month alternative documentation for self-employed borrowers
Better Possibilities for Your Borrowers
As a mortgage broker, it's crucial to have a range of lending options available to cater to the diverse needs of all loan prospects, including those with less-than-perfect credit histories.
Verus Wholesale recognizes the disappointment of missed lending opportunities and addresses this by providing underwriting and funding for non-traditional loans. Our specialized non-QM loan programs give mortgage brokers the assurance they require to confidently finalize these loans with the support of a reliable wholesale partner.
To succeed in the non-QM market, it is crucial to have an experienced wholesale partner dedicated to providing cutting-edge non-traditional financing options that match your borrowers' needs.
Our Programs
Our non-QM programs offer access to financing for customers by breaking through obstacles using tested methods and practical underwriting. This provides a pathway for consumers to get the financing they need.