Our Biscayne fully-delegated jumbo loan program is now open to condos!
What are the guidelines for condominiums?
- No LLPA for condo property type
- Full Condo Review Required
- CC&Rs & Bylaws
- Annual budget
- E&O and Liability insurance minimum $1MM
- Projects with litigation are ineligible
- Minimum square footage 400
- New projects ineligible
- Low/Mid/High rise are eligible
- Max LTV 85%. LTV > 80% requires 740 FICO
- $2MM max loan amount
What’s special about the Biscayne Jumbo?
- Fully delegated for fast closing — no investor-added conditions or timelines
- Very aggressively priced
- Qualify with RSUs
Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines.
For more information
Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!
Check out our other wholesale loan products!
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