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on New Newport Purchase Jumbos

Take advantage of our Newport Jumbo Loan Purchase Price Improvement. New locks only made from 3/5/18 to 4/30/18.

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

  • 40-year fixed term with Interest-Only
  • Interest-Only with 680+ FICO
  • Up to 95% LTV with no MI
  • $100K to $2.5M
  • 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

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

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