A jumbo loan financing solution for borrowers with strong financial profiles.
15 & 30 Year Fixed Rate Options
5/2/5 caps: Qualify with greater of the fully indexed rate or the Note rate + 5% of fully indexed rate
7/1 ARM & 10/1 ARM: Qualify with the Note rate!
70% LTV up to $2.5M for primary
Second home loan amounts up to $2M
Up to 80% LTV for $1M purchases
Cash out up to $325,000
FICOs from 680
Newrez’s Jumbo Series I loan is ideal for borrowers who are looking to borrow a loan amount greater than conforming loan limits. Jumbo loans paired with low mortgage rates can provide home buyers more flexible options and a more affordable payment.
680 minimum credit score
43% maximum debt-to-income ratio (DTI)
Purchase, cash-out and rate and term refinance options available