For Non-Warrantable Condos & Condotels qualifying full doc with greatly expanded guidelines for 1-unit properties - all occupancies!
Selling to NewRez is Efficient!
We provide you with:
Outstanding guidance and tangible resources such as a transparent portal
Interactive Non-QM Scenario Desk calculates income for you pre-submission
Dedicated Non-QM underwriters
Condo project review team pre-submission for warrantability clarification
Fast delivery and purchase process
Now you don’t have to turn borrowers away that don’t fit agency guidelines. Our SmartCondo loan allows:
Up to $1.5M loan amounts at 90% (Condotel 80%) P/RT - No MI
Up to $2.5M loan amounts at 85% (Condotel 75%) P/RT - No MI
Cash out loans up to $1.5M at 80% (Condotel 70%)
$500K Cash-in-hand/debt payoff
660 min Fico (Condotel 680)
Up to 10 Financed Properties
4+ years BK/DIL/SS and 5+ years FC
All loans secured by condos must be reviewed by the NewRez Project Review team prior to approval. A full project review is required. All requests for condominium review should be emailed to firstname.lastname@example.org.
Find the forms and information you need, any time you need to access them.