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!
- 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!