GOVERNMENT-BACKED LOANS WITH NEWREZ
FHA & STREAMLINES
<p>Millions of Americans turn to FHA-backed loans to help make homeownership possible, but few realize that not all FHA providers are created equal.</p> <p> </p> <h4>HIGHLIGHTS</h4> <ul> <li>580 minimum credit score for purchases</li> <li>600 minimum credit score for cash-out refinances</li> <li>Eligible property types include single-family homes, condos, manufactured homes and 2-4 unit properties</li> <li>Credit qualifying without appraisal</li> <li>Non-credit qualifying available</li> <li>DU/LPA approval required</li> </ul>
USDA
<p>We are proud to offer the U.S. Department of Agriculture (USDA) Guaranteed Rural Housing Program. This program is designed to help low-to-moderate income families achieve homeownership in eligible communities. To determine property eligibility and income limits, visit: <a href="http://eligibility.sc.egov.usda.gov">http://eligibility.sc.egov.usda.gov</a>.</p> <p> </p> <h4>HIGHLIGHTS</h4> <ul> <li>640 minimum credit score for purchases and rate and term refinances</li> <li>620 minimum credit score for streamlined and streamlined assist</li> <li>100% loan-to-value (LTV) available</li> <li>Eligible fees may be rolled into the loan</li> <li>Gift funds allowed</li> <li>Government down payment assistance allowed</li> </ul>
VA & IRRRLs
<p>Newrez is committed to helping our U.S. military service members achieve their homeownership dreams.</p> <p> </p> <h4>HIGHLIGHTS</h4> <ul> <li>580 minimum credit score</li> <li>100% loan-to-value (LTV) available for purchases</li> <li>90% loan-to-value (LTV) for cash-out refinances</li> <li>Available for loan amounts up to $1M</li> <li>No down payment required on purchases</li> <li>Unlimited LTV/CLTV on primary residence IRRRLs</li> <li>IRRRLs available for investment properties</li> </ul>