EAST MEADOW, N.Y., May 20, 2020 /PRNewswire/ — Sprout Mortgage today added to its residential loan programs with the launch of Sprout’s Premier Jumbo mortgage for purchase or refinance of higher-end properties, with loan amounts up to $3 million.
“This program is engineered to provide borrowers with the jumbo loan amounts they need to purchase or refinance a premium home,” said Michael Strauss, President. “With the addition of the new Premier Jumbo offering, Sprout is once again identifying, and responding to market demand while maintaining our credit and collateral standards to produce the highest quality loans.”
The new Sprout Premier Jumbo program features loan-to-value ratios up to 90%, minimum qualifying credit score of 660, up to 43% debt-to-income ratio, and loan amounts up to $3 million. And,
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