CHARLOTTE, N.C.--(BUSINESS WIRE)--To help mortgage bankers and brokers compete for high-net-worth borrowers whose needs exceed 2022 conforming loan limits, Non-Agency/Non-QM lender Deephaven Mortgage is announcing a new Jumbo-Prime loan product.
Deephaven is now providing loans of up to $3 million for primary residences, second homes and investment properties (such as two- to four-unit homes) with highly flexible terms--including maximum LTVs of 89.99% for loans up to $2 million, and 80% for mortgages above that amount, with no PMI.
“Whether they want to snap up coveted rentals or a mansion outside the city, these high-value customers expect white-glove treatment without delays,” said Shelly Griffin, Senior Vice President, Client Development, Deephaven. “Our account representatives work collaboratively with mortgage bankers and brokers to make fast decisions, expedite paperwork, and manufacture products that meet these borrowers’ specific needs.”
Deephaven will provide these full-documentation loans to individuals with DTIs of up to 43% and credit scores down to 660.
Deephaven is a full service, multi-channel, long-term credit provider in the Non-QM space, providing access to financing to millions of underserved customers throughout the U.S. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. Please visit www.deephavenmortgage.com for additional information.
Deephaven Mortgage® LLC. All rights reserved. This material is intended solely for the use of licensed mortgage professionals. Distribution to consumers is strictly prohibited. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification. nmlsconsumeraccess.com NMLS #958425 Deephavenmortgage.com.