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PROGRAM HIGHLIGHTS

  • Investment Transactions now allowed on Streamline First Lien Matrix

  • Up to 95% LTV with no MI for Purchase, R&T and Cash-Out

  • Income Docs and Reserve Based on DU Findings on Streamlined First Lien Guideline

  • No seasoning for R&T to use market value

  • Exclude mortgage payment from departing residence without a lease (see guidelines)

  • $100K to $3M  with Unlimited Cash-Out

  • 95% up to $1.5M

  • Interest Only from 600 Min. Fico

  • LTV up to 80% from 600 Min. Fico

  • Minimum 3 years seasoning for short sales, bankruptcies and foreclosures

  • 5/1, 7/1, 10/1 ARM with 40 year IO options

Newport Non-Agency Jumbo: GREAT FOR BORROWERS WITH NO RESERVES