Acra Lending Launches New Jumbo Prime Program
Acra Lending, one of the largest independent non-QM specialty lenders, has added to its line of mortgage programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension of its line of higher value property buying or refinancing programs.
“This specific program was developed to meet the needs of clients in today’s environment and was initiated to provide borrowers with the larger loan amounts they need to buy or refinance a high value property,” said Keith Lind, executive chairman and chairman of Acra Lending. “With this addition, Acra once again demonstrates its commitment to identifying, meeting and anticipating the needs of borrowers across the market while maintaining the high standards of responsible lending that are the foundation of our business.”
The new Jumbo Prime mortgage program offers LTVs of up to 90% with loan amounts of up to $ 3 million. The program comes at a time when jumbo mortgages are more difficult for borrowers to access due to the ongoing economic downturn caused by COVID-19.
“We continue to focus on building our track record of leadership in the non-QM space by developing programs that are industry leading,” said Kyle Gunderlock, CEO of Acra Lending. “The program will provide our network of industry professionals with access to a solution for their clients looking to purchase or refinance primary, secondary and high-value investment properties.
To learn more about this program and Acra’s range of mortgage options for mortgage professionals, visit the company’s new website at acralending.com