For Borrowers With A Bankruptcy, Short Sale, Or Deed-In-Lieu Just Over One Year, Or Multiple 30-Day Mortgage Lates.
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
SmartTrac was designed for borrowers qualifying Full Doc who had a bankruptcy, deed-in-lieu, or short sale between 12 months and 2 years ago. In addition, this program will accommodate borrowers with multiple 30-day mortgage lates. First-time homebuyers and seasoned homeowners may finance or refinance a primary, second home, or investment property.
Multiple 30-day mortgage lates okay
Bankruptcy, Short Sale, Deed-In-Lieu: 12 months seasoning
620 minimum FICO
80% LTV Purchase/Rate Term; 75% LTV Cash out
Up to 45% DTI; 50% with 3 months of additional reserves
$1,000,000 Cash-in-hand/debt payoff
Up to 15 financed properties
Fixed 30; ARM 5,7, and 10/1 - all with Interest Only option
Find the forms and information you need, any time you need to access them.