NewRez LLC

Thông tin cơ bản

Chương trình QM

• Conventional
• Home One
• Home Ready
• Home Possible
• FHA
• FHA Streamline
• FHA 203(b)
• FHA 203(h)
• FHA Energy Efficient Mortgage
• FHA DBA
• VA
• VA IRRRL
• VA High Balance
• VA Jumbo
• USDA
• USDA Streamline
• HUD Section 184

Loss payee

Newrez LLC ISAOA/ATIMA PO Box 7050 Troy Michigan 48007 For Texas property the name must read Newrez Mortgage ISAOA/ATIMA

Điều khoản CPL hoặc subordinate

Newrez LLC, ISAOA/ATIMA 1100 Virginia Dr, Suite 125 Fort Washington, PA 19034 Attn: Post Closing

Chính sách khóa lãi & phí

Chính sách khóa lãi

Gia hạn khóa lãi

For Lock Cut-off: Conventional You can lock online during the week, all the way up until approximately 6AM central time the next morning. This is when pricing is no longer available, until we publish the new day’s pricing. • On Friday, you can lock all loans online until 11:59PM central time. • On Saturday, 12AM through Sunday (Monday 6AM), you can lock new loans that have not yet been submitted to underwriting. For Non-QM Smart Series and Jumbo products may have varying cut off times. Extension: 1st-3rd ext. 2 bps/day | 4th ext. 4 bps/day Extended loans cannot expire on a weekend or holiday. Max number of days to extend is 45 days per request. Please contact: Wholesale.pricing@newrez.com for more details.

Khóa lại

15 day : 0.3 (< 3 prior ext) otherwise 0.6 30 day 0.6 (< 3 prior ext) otherwise 1.2 45 day 0.9 (Less than 3 prior ext) otherwise 1.8

Lock & Shop

Không

Thế mạnh & overlay của lender

Thế mạnh của lender

We do Single-Unit Approval

Credit Score & AUS Guidelines

 FHA & VA: Minimum 580 credit score (AUS approval required). FHA allows DU only, while VA allows both DU and LP. If Refer/Eligible, a 600 score is required. Always send me credit and AUS for review.
 USDA: Minimum 600 credit score. I can run GUS for you if needed.
 Conventional: Minimum 580 score.

1. If one borrower, run LP and get an "Accept."
2. If two borrowers, DU requires a blended 620 score. Rates and MI are based on the lower score.

Key Loan Features & Benefits

 10-Day Free Extensions – Available for Conventional, FHA, VA, and USDA loans. You can apply it yourself or I can do it for you! (Not available on Everglades Jumbo or Non-QM.)
 No Cure Fees – While accurate disclosures are expected, minor mistakes won’t come out of your paycheck.
 RezExpress – Ask me for the criteria!

Special Loan Programs

 Conventional AMI – If one borrower is a first-time homebuyer and AMI is between 80%–100%, FICO and Property LLPAs are waived. In High-Cost Areas, AMI can go up to 120%. For manufactured homes, the first-time homebuyer requirement is waived. You can use Fannie Mae or Freddie Mac’s income lookup tool for AMI in your area.
 Switching Comp Plans – You can switch from Lender Paid Comp to Borrower Paid Comp without restarting the process.
 Everglades Jumbo – AUS product with some overlays. We require an Approve/Ineligible.
 Manufactured Homes – Available for Conventional, FHA, VA, and USDA loans. Reach out for details. (we even do Single Wides)
 No Score Loans – Offered for Conventional, FHA, VA, and USDA loans. Let’s discuss details.
 VA Jumbo Loans – We offer manual and AUS approvals. I can send you a matrix for loan amounts, DTI, and more.
 SmartSelf – Bank Statement Program – Available in 1-year and 2-year options for self-employed borrowers. We lend up to 90% LTV with no MI and also accept 1099 borrowers and P/L only borrowers. Upload bank statements for income calculations at NewRezWholesale.com under "Resources."
 Non-Warrantable Condos – We offer financing for Full Doc, Bank Statement, and DSCR programs. Email projectreview@newrez.com for a review—no loan number needed. We can review insurance, litigation documents, and more to determine eligibility. PRIOR TO SUBMISSION
 Asset Qualifier Program – Available under SmartEdge Non-QM. Averages the bank account balance by 60 months. 

Additional Support

 Income Calculations – Send over 2 years of tax returns (for self-employed) or a WVOE & current pay stub (for W-2 borrowers). You can also provide year-end pay stubs for past years.
 Brigade Team Support – Need help with an LE walkthrough? Schedule a screen-share session with our experts or call 888-426-7026 (#1 for assistance).

Down Payment Assistance (DPA) Resources

 While NewRez does not offer a DPA, we have a state-by-state list of DPAs that our Wholesale Channel accepts. You would need to coordinate these independently.

AUS Title Acceptance Waiver for: AZ, CA, CO, FL, GA, KY, IL, IN, MD, MI, MN, NV, NJ, OH, PA, TN, TX, VA

newrez titlepass faqs, newrez titlepass, Training Webinar

Overlay của lender

Không có

Thời gian xử lý

Thẩm định ban đầu (ngày)

2

Xét điều kiện CTC (ngày)

1

CD ban đầu (ngày)

1

Đánh giá