JUMBO SERIES AT NEWREZ

Newrz’s jumbo programs provides you with OPTIONS for borrowers in need of financing above and beyond traditional conforming loan amounts. With multiple jumbo products to choose from, you can always find the right fit for your customer.

DREAM BIG

Newrez’s Dream Big Jumbo loan gives your customers the ability to borrow more than the traditional loan amounts with a lower down payment requirement.

 

HIGHLIGHTS:

  • 680 minimum credit score
  • 43% maximum debt-to-income ratio (DTI)
  • Purchase, rate and term and cash-out refinance options available
  • Maximum loan amounts up to
    • $3M for primary residences
    • $2.5M for second homes
  • Maximum loan-to-value (LTV) up to
    • 89.99% for primary residences
    • 89.99% for second homes

JUMBO D

Newrez’s Jumbo Series D loan is a great option for borrowers purchasing homes outside of conforming limits.

 

HIGHLIGHTS:

  • 680 minimum credit score
  • 43% maximum debt-to-income ratio (DTI)
  • Purchase, cash-out and rate and term refinance options available
  • Maximum loan amounts up to
    • $2M for primary residences
    • $2M for second homes
  • Maximum loan-to-value (LTV) up to
    • 80% for primary residences
    • 70% for second homes

JUMBO I

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.

 

HIGHLIGHTS:

  • 680 minimum credit score
  • 43% maximum debt-to-income ratio (DTI)
  • Purchase, cash-out and rate and term refinance options available
  • Maximum loan amounts up to
    • $2.5M for primary residences
    • $2M for second homes
  • Maximum loan-to-value (LTV) up to
    • 80% for primary residences
    • 75% for second homes

JUMBO PRODUCT COMPARISON

Newrez’s expansive product offerings include a variety of jumbo loan financing options. The financing solution that makes the most sense depends on a borrower’s finances and goals. Here’s how each product compares.

 

 


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