The below reserve requirement reduction is available for all new loan applications and loans in pipeline.
Reserve Requirement Reductions
- 1-unit primary residence to $1,000,000 from 18 months to 12 months reserves
- 1-unit primary residence to $1,000,000 from 24 months to 18 months reserves
Please reference the Dream Big Product Highlights and Guide in the NewRez Lending Library for the changes outlined in this announcement.