SMARTEDGE
NewRez’s SmartEdge product offers competitive financing solutions for borrowers that fall just outside of standard agency and prime jumbo programs.
SmartEdge HIGHLIGHTS:
- Loan amounts up to $3,000,000
- LTV up to 90%
- Minimum credit score of 660
- DTI up to 50%
- Only 2-4 year seasoning for serious derogatory credit events
- Purchase, Rate & Term or Cash-out Refinance available
- Non-Warrantable condos permitted
- Use asset amortization/depletion to qualify
- 30-year Fixed Rate and 30-year IO Fixed Rate