Government Loans
Government Loan Products
Reliable, Flexible Financing Options Backed by Trusted Government Programs
Government-backed loans remain some of the most powerful tools in the market for expanding homeownership — especially for first-time buyers, low-to-moderate income households and U.S. Military servicemembers. At Newrez Wholesale, our Government suite is built for speed, clarity and accessibility, with consistent credit requirements, streamlined refinances and the dedicated support brokers rely on.
- Consistent, common-sense underwriting rooted in government program expertise
- Clear documentation and submission guidance to keep files clean and moving
- Dedicated Government operations and engaged AEs who understand unique program nuances
- Fast turn times and strong communication from submission to clear-to-close
- Blueprint loan portal for 24/7 loan submission, pipeline monitoring and simplified 1003s
Government Products at a Glance
Best for: Borrowers looking to reduce payments, refinance efficiently, or enter homeownership with accessible terms.
FHA loans make homeownership possible for millions of Americans, especially those who need flexible credit requirements or lower down payments. Our FHA Purchase and FHA Streamline refinance offerings are designed to help brokers close more loans with fewer hurdles.
Key Highlights
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580 minimum credit score for full doc purchases and refinances
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Eligible for single-family homes, condos, manufactured homes and 2–4 units
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No appraisal required on FHA Streamline refinances
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Non-credit qualifying permitted on FHA Streamline refinances
Best for: Low-to-moderate income families working to achieve rural homeownership.
Newrez proudly supports the USDA Guaranteed Rural Housing Program, designed to promote homeownership in eligible rural and suburban communities. USDA loans offer exceptional affordability for borrowers needing low-to-no-money down options in qualifying areas.
To check property and income eligibility, visit the USDA Eligibility Map & Income Tool (required for all scenarios).
Key Highlights
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600 minimum credit score for purchases, rate/term refinances, and streamlined refinances
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100% LTV available
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Annual Guarantee Fee can be rolled into the loan
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Upfront Guarantee Fee is paid at closing
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Gift funds allowed
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Government down payment assistance permitted
Best for: U.S. Military servicemembers, Veterans and eligible spouses
Newrez is committed to helping U.S. Military servicemembers, veterans, and eligible spouses unlock the benefits of VA homeownership. Our VA and IRRRL products are structured for speed, ease and strength, with a streamlined path for lowering payments, improving terms or purchasing with unmatched affordability.
Key Highlights
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580 minimum credit score
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100% LTV available for purchases and refinances
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Loan amounts up to $2.5M
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No down payment required on purchases
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Up to 105% LTV / 125% CLTV on IRRRLs
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IRRRLs eligible for investment properties
Fast Scenario Guide
FHA • USDA • VA
Quick examples brokers encounter every day:
Borrower already has an FHA insured mortgage but wants a lower payment without new income docs, credit re‑pulls, or an appraisal. Use FHA Streamline for a fast, simplified approval.
Borrower with limited funds qualifies for rural housing. Use USDA 100% LTV, allow eligible fees to be financed, and keep cash-to-close low.
Veteran purchasing a new home with 0% down, 580+ credit score. It’s an ideal fit for flexible ratios and competitive pricing.
Veteran refinancing into a lower rate with minimal documentation. No appraisal is needed and LTVs up to 105%/125% CLTV are available.