Newfi Lending

Thông tin cơ bản

Chương trình QM

• Conventional
• Home Ready
• FHA
• FHA Streamline
• VA

Loss payee

Insurance Loss Payee Clause For Non-QM (Sequoia & Rainier) and Jumbo (Biscayne, Lassen & Teton): RUSHMORE SERVICING Its Successors and/or Assigns ATIMA P.O. Box 7729 Springfield, OH, 45501-7729 Loan #________________ Insurance Loss Payee Clause For Agency, Olympic CES, and Glacier CES: Cornerstone Home Lending Its Successors and/or Assigns ATIMA P.O. Box 961254 Fort Worth, TX 76161 Loan #________________

Điều khoản CPL hoặc subordinate

CPL Loss Payee Clause Nexera Holding LLC ISAOA/ATIMA 2100 Powell Street, Suite 730 Emeryville, CA 94608 Loan #______________

Chính sách khóa lãi & phí

Chính sách khóa lãi

Gia hạn khóa lãi

Lock cut off is 5:00 for NonQM and 3.30 for Jumbo For Non-QM (Sequoia, Rainier) loan programs a maximum of fifteen (15) days of Rate Lock Extensions are allowed. For AUS Jumbo loan programs a maximum of thirty (30) days of Rate Lock Extensions are allowed per loan.

Khóa lại

Worse case + .375 if within 30 days of initial lock expiration (or) no cost if relocking after lock has expired for 30 days

Lock & Shop

Không

Thế mạnh & overlay của lender

Thế mạnh của lender

Waive borrowers housing history - provide AUS and we don’t need to document the borrowers housing payments. This is great for a borrower that pays all cash or lives rent free. Not available on DSCR loans.

Use 1007 to wash the PITI on departing residence - we use 75% of the 1007 rents and can wash the PITI. (cannot be used as positive income) No rental agreement or security deposit needed, or proof departing residence is listed for sale.

No minimum tradelines -
If borrower has 3 credit scores we don’t require tradelines.

Strong pricing

2-4 units up to 90% LTV on primary and 80% on investment

Gift on Investment ok

Second liens up to 90% CLTV -  12 months bank statements or full doc, Primary, second home & investment property allowed.

Primary 20 yr fixed Second starting at 7.625% and we allow 5% in fees / no appraisal

No reserves required - R/T refi when 0x30 in last 5 years, no consumer late pays in last 3 years, Mortgage payment flat or decreasing, max loan amount is $2M, max 70% LTV -OR- min 720 credit score.

Cryptocurrency allowed, call me for details.

True blended ratios up to 75% LTV

Delayed financing

Vesting in LLC or Corporation on investment property

R/T - max cash back is $10K

Only need 3 credit scores – no tradelines required

We allow rent free borrowers

Use business funds for everything

Only need second appraisal if > $2M

Use IRA for income; don't need to be of retirement age. 90% balance divided by 36 months if < 59 1/2, or 100% balance divided by 36 months if > 59 1/2. This can be used with all income types and can also be used on it's own as a full doc loan.

Use market rents to wash PITI on departing residence, no lease required. www.rentcast.com 

2/1, 1/1 buydowns up to $3.5M

Run AUS to waive housing history

Business purpose loans in 38 states – no license required

Use rents to qualify on a primary 2-4 unit if not a FTHB

W-2 to 1099, only need one month paystubs, no seasoning to be 1099 employee

Only need 1 year S/E, 2 years not required

If you need login credentials to price loans let me know.

Allow lender credit to cover BPC for DSCR only.

Overlay của lender

HELOAN is not available in TX

Thời gian xử lý

Thẩm định ban đầu (ngày)

2

Xét điều kiện CTC (ngày)

1

CD ban đầu (ngày)

1

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