Olympic 1st and 2nd Piggyback

Newfi Wholesale News, Products

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:
    • Max 43% DTI
    • Minimum 700 Credit Score
  • 1st Mortgage Terms Offered:
    • Fixed: 10, 15, 20, 30 Years
    • ARMs: 5/1 And 7/1
  • 2nd Mortgage Terms Offered: 15 or 30 Years
  • Primary Residence or Second Home
  • Fully Delegated, and both loans UW 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!