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Newport and Home Possible Guidelines Update

Newport

The following additions have been made to the Newport Guidelines:

  • Multiple BK’s and Foreclosures are not allowed regardless of time frame of when it was discharged
  • Stocks/bonds/mutual funds: 70% can now be used

Please click here for the complete Newport Guidelines.

Home Possible

The following additions have been made to the Home Possible Guidelines: 

  • For 3-4 unit, limited to 80% LTV/CLTV
  • Revised % of use for assets for 401k, stock, bonds and mutual funds
  • Added non-traditional credit

Please click here for the complete Home Possible Guidelines