GOVERNMENT BACKED LOANS WITH NEWREZ

FHA & STREAMLINES

Millions of Americans turn to FHA-backed loans to help make homeownership possible, but few realize that not all FHA providers are created equal.

 

HIGHLIGHTS

  • Purchases from 580 FICO*
  • Down payment assistance currently not permitted
  • Condos OK
  • Flipped properties allowed per FHA Guidelines
  • Previously modified mortgages may not be permitted
  • Credit Qualifying without Appraisal
  • Non-Credit Qualifying Available

USDA

We are proud to offer the U.S. Department of Agriculture (USDA) Guaranteed Rural Housing Program. Utilize this program to help low-to-moderate income families achieve homeownership in your eligible communities. To determine property eligibility and income limits visit http://eligibility.sc.egov.usda.gov.

 

HIGHLIGHTS

  • 100% LTV
  • 36mo. seasoning on BK & foreclosure
  • FICO now minimum 680 purchase and R/T, 700 for streamlined and streamlined assist
  • Roll eligible fees into the loan
  • Gift funds permitted
  • Government down payment assistance OK
  • 0x30x24 for purchase and R/T, 0x30x12 for streamlined and streamlined assist

VA & IRRRLs

NewRez is committed to helping our U.S. military service members achieve their dream of homeownership.

 

HIGHLIGHTS

  • Cash out to 90% LTV
  • DTI max 50%
  • FICO from 660
  • Loan amounts to $1M
  • No MI!
  • No down payment required on purchases*
  • Unlimited LTV/CLTV on primary residence IRRRLs
  • Investment IRRRLs!
  • Custom loan terms available

RESOURCES

Find the forms and information you need, any time you need to access them.
Submission Forms
Order Appraisals
Client Library