Questions? Feedback? powered by Olark live chat software .sqs-block-button-element--medium:hover { color: #006a8e; background-color: 000000; }
NewportElephant.jpg

GET A .375% PRICE IMPROVEMENT*
on New Newport Purchase Jumbos

Take advantage of our Newport Jumbo Loan Purchase Price Improvement. New locks only made from 3/5/18 to 6/29/18.

Have a look at the features of our Newport Jumbo Purchase:

  • 40-year fixed term with Interest-Only
  • Up to 95% LTV with no MI
  • Interest-Only with 680+ FICO
  • 95% cash out up to $1.5M
  • 7/1 and 10/1 ARM
  • 10/1 ARM Interest-Only
  • DTI allowed up to 50%
  • Non-occupant co-borrowers
  • 2-years seasoning for short sales and bankruptcy
  • 3-years seasoning for foreclosures
  • As low as 600 FICO
  • $100K to $2.5M

What kind of borrowers are suitable for the Newport Jumbo Program?

All kinds of borrowers are suitable for our Newport Jumbo, but you may find the most success with hard-to-qualify borrowers:

  • Borrowers that do not have a 20% down payment
  • Borrowers who need help from family members to qualify to meet debt ratio
  • High-asset borrowers needing exceptions on credit score, LTV, or DTI
  • Self-employed borrowers
  • Borrowers with credit events, but have excellent credit history since the event
  • Real estate investors with multiple properties that do not fit agency guidelines
  • Real estate investors who need to a jumbo loan up to $2.5M
  • Real estate investors who want the lowest down payment and lowest monthly payment (i.e. up to 85% LTV on the 40-year IO payment)
  • Borrowers who need to pull maximum cash in hand up to 90% of the value of the property for home improvement, savings, etc.
  • Non-warrantable condos

Let us help you with your business goals.