Skip to main content

Verus Mortgage Capital Unveils New Prime Jumbo Program

Navi Persaud
Sep 22, 2020
Backyard area of an expensive home.

Verus Mortgage Capital introduced its new Prime Jumbo Program that offers low rates for high-valued homes where loan balances exceed agency limits, according to a recent release.

The Prime Jumbo Program features loan amounts up to $3 million, credit scores down to 700, cash-out up to $500K, 90% LTV with no PMI requirement. The program is open to primary, second homes and investment properties according to Verus Mortgage Capital.

"Our Prime Jumbo Program is further evidence of this as we are now better positioned to assist lenders for borrowers who need larger loan balances," said Dane Smith, president of VMC.

Published
Sep 22, 2020
Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Jan 26, 2023