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
- 580 minimum credit score for purchases
- 600 minimum credit score for cash-out refinances
- Eligible property types include single-family homes, condos, manufactured homes and 2-4 unit properties
- Credit qualifying without appraisal
- Non-credit qualifying available
- DU/LPA approval required
USDA
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: http://eligibility.sc.egov.usda.gov.
HIGHLIGHTS
- 640 minimum credit score for purchases and rate and term refinances
- 620 minimum credit score for streamlined and streamlined assist
- 100% loan-to-value (LTV) available
- Eligible fees may be rolled into the loan
- Gift funds allowed
- Government down payment assistance allowed
VA & IRRRLs
Newrez is committed to helping our U.S. military service members achieve their homeownership dreams.
HIGHLIGHTS
- 580 minimum credit score
- 100% loan-to-value (LTV) available for purchases
- 90% loan-to-value (LTV) for cash-out refinances
- Available for loan amounts up to $1M
- No down payment required on purchases
- Unlimited LTV/CLTV on primary residence IRRRLs
- IRRRLs available for investment properties
