New for 2017: The Yellowstone Jumbo Loan Program
- Loans up to $2 million with FICO of 700+
- VERY competitively priced
- Significant price improvement for purchase money loans
- 0.25% rate improvement if borrower signs up for autopay
- Qualify using primary wage earner’s middle credit score
- Investment properties OK
- 100% gift funds for down payment & closing costs OK at <= 80% LTV/CLTV
- Non-permanent resident aliens OK
How does Yellowstone compare to our other jumbo programs?
- The Biscayne Jumbo is a delegated jumbo with loan amounts up to $2.5 million. Because this product is delegated, closing can be a lot faster than Yellowstone. Read more about Biscayne Jumbo
- The Denali Jumbo is a non-QM product allowing LTVs as high as 95%, as well as an option for a 40-year term with a 10-year, interest-only period. For those who don’t require the higher LTV, Yellowstone of Biscayne’s jumbo rates are typically lower. Read more about Denali Jumbo
For more information
Check out the product guidelines or call the Newfi Wholesale team at 888-415-1620!