Verus Mortgage Capital

Basic information

QM program

N/A

Loss payee

Insurance Mortgagee Clause: Verus Residential Loanco, LLC c/o Shellpoint Mortgage Servicing ISAOA/ATIMA, PO Box 7050, Troy, Ml 48007-7050

CPL or subordinate clause

CPL Lender Clause: Verus Residential Loanco, LLC ISAOA/ATIMA, 2001 M St NW, Ste 300, Washington, DC 20036 TX CPL Lender Clause: Verus Residential Loanco, LLC , and each successor in ownership of the indebtedness secured by the insured mortgage, except a successor who is an obligor under the provisions of Section 12 (c) of the Conditions, 2001 M St NW, Ste 300, Washington, DC 20036

Lock policies & fees

Lock policies

Lock extension

Locks may be extended for 5, 10, 15, 20, or 30 days. Two (2) lock extensions may be requested; however, the cumulative lock extension maximum may not exceed 45 days from the initial expiration date. The cumulative lock period including extensions may not exceed 75 days.

Relock

The loan will be relocked for 15 days. If additional days are needed, contact the Broker Coordinator to request an extension. Standard fees will apply. Executing a relock is an irreversible transaction and results in mandatory lock subject to a pair-off fee.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Direct Lending to Real Estate Investors (DSCR) without an NMLS license

·        Lending directly to real estate investors in most states

DSCR Program

·        Under .75 ratio allowed, with restrictions

·        100% gift funds allowed

·        Use the highest mid-score of all qualifying borrowers

 

Super Jumbo and DSCR Super Jumbo Non-QM Financing

·        up to $5M

 

Expanded Investor Property Types (DSCR)

·        Financing available for 5–8 unit residential properties

·        Financing available for 2–8 unit mixed-use properties

Verus Self-Securitization Model

·        Approximately $1 billion funded monthly

·        One of the industry’s larger self-securitizers of Non-QM loans

·        Provides greater consistency, execution, and flexibility for nuanced borrower scenarios

55% DTI program – Prime Ascent

·        Primary residence only

·        Min residual income of $3,500

·        Max LTV/CLTV <= 80%

·        Standard Doc 2-years

·        Minimum 6- months reserves

·        First time homebuyer not eligible

 

Foreign Nationals

·        RON closing permitted

·        100% gift funds allowed

·        No foreign credit required

 

ITIN’s

·        Primary and 2nd homes

·        100% gift funds allowed

Verus Product Highlights (2026)

 PRIME ASCENT (Non-QM / Non-Agency) - Ideal for self-employed or high-net-worth borrowers.

• LTVs: Up to 90% (Primary) | 85% (NOO & 2nd Homes)
• Credit: FICO down to 660 (Standard) / 620 (Select cases)
• Loan Amounts: Up to $4M
• Alt Doc Options: 12/24 Month Bank Statements, P&L Only, 1099, WVOE, & Asset Utilization
• Flexibility: DTI up to 50% (Alt Doc) to 55% (Standard)
• Property Types: Rural properties, Condos, and Condotels (to 85% LTV)
• Key Perk: No tradeline requirements with 3 credit scores; 100% gift funds allowed.

 

 INVESTOR SOLUTIONS (DSCR) - The industry standard for professional real estate investors.

• LTVs: Up to 80% | FICO down to 640
• Property Types: 1-4 Units, 5-8 Units, and 2-8 Unit Mixed-Use
• No Ratio: "No Ratio" options available for maximum leverage.
• STR Friendly: Short Term Rental/Airbnb allowed (90% of rents used); AirDNA accepted.
• Entity Closing: Close in LLC or Corporation; unlimited financed properties.
• Cash-Out: Up to $1M cash-in-hand.

 

 FOREIGN NATIONAL - Capture global capital with simple DSCR-based qualifying.

• Max LTV: 75% | Loans up to $2.5M
• No US Credit: No foreign or US credit/housing history required.
• Leverage: DSCR < 1.00 / No Ratio allowed.
• Flexibility: 100% gift funds allowed; STR/AirDNA eligible.

 

 SUPER JUMBO - For your high-value luxury listings.

• Loan Amounts: Up to $5M
• FICO: Down to 700
• Docs: Full Doc, Bank Statements, or Asset Utilization.
• Cash-Out: Up to $1.5M cash-in-hand.

 

 ALT DOC 2ND LIENS & HELOCs - Unlock equity without losing a low first-mortgage rate.

• CLTV: Up to 85%
• FICO: Down to 680
• Income: 12/24 Month Bank Statements or 1099 (CES).
• Max Cash: $750k cash-out.

 

 ITIN (Standard & Alt Doc) - Expanding homeownership to ITIN holders.

• LTV: Up to 80% | Rural properties allowed.
• Docs: Full Doc, Bank Stmts, 1099, WVOE, or P&L.
• Easy Process: Google Translate accepted for docs; only 30-day asset verification.

Lender's overlays

None

Lender turn time

Initial underwrite (days)

3

CTC conditions review (days)

2

Initial CD (days)

1

Reviews