Providing Greater Home Financing Power for Highly Qualified Borrowers
EAST MEADOW, NY, JUNE 16, 2020 — Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced enhancements to its recently unveiled suite of non-QM programs that are designed to provide additional home finance options to creditworthy borrowers.
“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,” said Michael Strauss, President. “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.”
The new enhancements include:
- A new Max 85% LTV on most loan programs
- Reduced rates across the entire program offering
- Increased maximum Loan Amounts at lower Loan-to-Value levels on the Select program series
Today’s news follows Sprout’s May 27 announcement launching four non-QM programs including full doc, bank statement, asset depletion, and investor financing, with loan amounts to $4 million.
Sprout’s loan programs are accessible through many widely used mortgage product and pricing engines including Optimal Blue, Loan Sifter, EPPS LoanNex and Mortech. Full details are available to mortgage professionals through the Sprout Client Portal, while Sprout’s easy-to-use iQualifi app provides scenario eligibility and pricing.