Deephaven Mortgage Launches New Jumbo-Prime Loan Product
Deephaven Mortgagea full-service, multi-channel long-term credit provider in the non-QM space, has rolled out a new jumbo-prime loan product to help bankers and mortgage brokers compete for high-net-worth borrowers whose needs exceed 2022 compliance caps ready.
Deephaven now offers loans of up to $3 million for primary residences, second homes, and investment properties (such as two- to four-unit homes) with flexible terms, including maximum LTVs of 89.99% for loans up to $2 million and 80% for mortgages above that amount, without PMI.
“Whether they’re looking to buy coveted rentals or an out-of-town mansion, these high-value clients expect top-notch treatment without delay,” says Shelly Griffin, senior vice president, client development, for Deephaven. , in a press release. “Our account representatives work with bankers and mortgage brokers to make quick decisions, speed up paperwork, and manufacture products that meet the specific needs of these borrowers.”
Deephaven says it will provide these loans with full documentation to people with DTIs of up to 43% and credit scores of up to 660.
Photo: Sutirta Budiman