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| Max Non-QM Loan Amount Raised to $5 Million
Verus Mortgage Capital announces increase
July 10, 2018
By Mortgage Daily staff
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A nonprime correspondent investor has raised the maximum loan amount to $5 million for some of its programs that allow the origination of loans that don't meet Qualified Mortgage requirements.
Verus Mortgage Capital says that it is a full-service correspondent investor that purchases loans in all 50 states and focuses solely on the non-QM market.
On Tuesday, the Washington-based company announced that it has increased the maximum loan amount for several of its non-QM programs from $2 million to $5 million.
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