New Penn Financial is updating the SMART Series suite of products for improved financing options and additional clarification.
A summary of each of the SMART Series products and their respective changes are outlined below:
SmartEDgE & SMARTEDGE PLuS
Primary residence purchase and rate and term refinance:
- LTV increased to 85% for loan amounts up to $2M with 680 FICO
Second Home purchase and rate and term refinance:
- LTV decreased to 80% for loan amounts up to $2M with 680 FICO
2.3 arm features
- Margin lowered to 3.75%
Refer to the updated product profiles posted to the Product Profiles page for all requirements.