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

RESOURCES

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