Prime Ascent Loan Program
Prime Ascent Loan Program from Verus
Are you a mortgage broker looking for a solution for customers with excellent credit but unconventional documentation? Do you have prospects who fall just outside of conventional loan requirements? If so, Verus' Prime Ascent Loan Program could be just the solution your borrowers need.
Our Prime Ascent Loan Program offers options for qualified borrowers with full or alternative documentation, providing the ability to obtain higher loan balances. It's the solution you need for customers seeking larger loan amounts.
Prime Ascent
- LTVs up to 90%
- FICOs down to 660
- 12 and 24-month standard documentation options
- 12 and 24-month alternative documentation options for self-employed borrowers
- DTI up to 50%
- Loan amounts from $150K to $4MM
- Second homes available
- Investment properties available
- Interest-only available
- Cash-out options
Better Possibilities for Your Borrowers
This program is ideal for established self-employed workers, those with non-traditional income, or others who may need the option of using alternative documentation. Whether your applicant wants to buy a primary dwelling, secondary home, or investment property, Prime Ascent may be your answer.
Prime Ascent loans represent a tremendous opportunity for independent mortgage brokers like you to grow your non-agency business and establish you as a trusted source for non-QM loans. However, many brokers have been slow to enter the market knowing many good borrowers do not fit into the GSE box. With its vast experience and committed resources, Verus Wholesale is exclusively focused on responsible non-QM lending and knows how to qualify your borrowers.
Verus was created to address the growing and legitimate demand for specialized solutions that are needed by borrowers who fall outside conventional mortgage loan norms.
Verus Wholesale underwrites and funds non-QM loans while Verus Mortgage Capital buys both owner-occupied (consumer) and investor (business purpose) loans originated in all 50 states and the District of Columbia. Let Verus help you expand into this market with proven mortgage solutions for all types of buyers.
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.