Olympic 1st and 2nd Piggyback Combo

Borrowers who use Newfi Wholesale’s Olympic Piggyback can obtain jumbo loan amounts while still getting agency pricing.

What’s exciting about the Piggyback?

  • Avoid cash out pricing & LTV limits on 1st mortgage – take the cash on the 2nd!
  • Avoid mortgage insurance!

Piggyback Loan Flyer

Click Here for a PDF of the Olympic Piggyback Flyer

Product highlights

  • Purchase to 95% CLTV (restrictions apply)
  • 80/10 Rate & Term or Cash Out
  • 1st mortgage standard or high balance conforming
  • 2nd loan amounts: $25,000 – $250,000
  • Overlays to FNMA DU:
    • Maximum 43% DTI
    • Minimum 680 credit score
  • 1st mortgage term options:
    • Fixed: 30, 20, 15 and 10 years
    • ARMs: 7/1 and 5/1
  • 2nd mortgage terms options: 30 or 15 years
  • Primary residence or second home OK
  • Fully delegated with both loans underwritten concurrently

For more information

See the latest guidelines, or call the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!