Olympic 1st and 2nd Piggyback Combo

Newfi Wholesale News, Piggyback Combo, 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:
    • 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!