SmartSelf

For borrowers requiring the use of bank statements and/or asset amortization to qualify.

SmartSelf Alt Doc:

  • Loan amounts up to $3M
  • Use 12 month bank statements to qualify
  • No tax transcripts or tax returns required
  • Minimum 660 credit score
  • Maximum 50% DTI
  • 2-4 years derogatory credit
  • Cash-out refinance to 720 to 80% up to $2M loan amount
  • $1M cash in hand
  • 30-year Fixed Rate
  • 30-year Fixed Rate Interest Only
    • 10-year interest only period
    • 20-year amortization period
  • 90% LTV purchase and rate & term refi

 

Click here for the NewRez SmartSelf Product Profile

Click here for the NewRez Smart Underwriting Guide

Click here for the NewRez SmartSelf Submission Form

Click here for the NewRez SmartSelf Job Aid

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