Announcement 2021-040 - Jumbo Series D Re-launch

NewRez is pleased to announce the re-launch of the Jumbo Series D product. The addition of the Jumbo Series D product is part of our continuing efforts to provide competitive, non-agency financing options for our customers.


Product Terms

  • 15-, 20- and 30-Year Fixed Rate


  • Purchase and Rate & Term Refinances
  • Maximum loan amounts up to
    • $1,500,000 for primary residences and second homes
    • $1,000,000 for investment properties
  • Up to a maximum loan-to-value (LTV) of 80%
  • Minimum credit score
    • Primary residence: 680
    • Second homes and investment properties: 740
  • Maximum DTI
    • 43% DTI
    • 40% if borrower is receiving gift funds
    • 38% for first time homebuyers
  • Housing Payment History permits up to one 30-day late payment in the past 24 months


  • All loans will be manually underwritten, but must be submitted to DU or LPA and receive an Approve/Ineligible or Accept/Ineligible
  • Successful LoanScoreCard submission is required


  • One (1) full appraisal is required
    • An Exterior-Only appraisal report will temporarily be permitted for existing, single family primary residence and second home transactions
  • Appraisals must be ordered through a NewRez-approved AMC
  • A CDA with accompanying MLS sheets from Clear Capital is required to support the value of the appraisal

Temporary COVID Requirements

All temporary COVID requirements are in light blue font in the Product Highlights and Guide.




  • Please reference the Jumbo Series D Product Highlights and Guide in the NewRez Lending Library for complete details
  • Self-paced Jumbo D product training is available in The Hive