Low Rates for High Balance Mortgages

Our Biscayne fully-delegated jumbo loan program can now be underwritten to AUS findings for conforming high-balance loans!

With our new guidelines, agency high-balance loans may be underwritten to the AUS findings and submitted to our aggressively-priced, fully-delegated Biscayne jumbo loan program!

What are the overlays for agency high-balance loans?

  • Agency high balance loans must have approve eligible findings
  • No Property Inspection Waiver (PIW) allowed.
    • Full appraisal required
    • Field review required for property values of $1+ million with LTV/CLTV greater than 75%
  • Max 80% LTV
  • Maximum DTI of 43%
  • 30 year fixed rate only
  • High Balance loan must follow Biscayne loan amount & LTV matrix
  • Reserve requirement will follow AUS findings
  • DU or LP findings are acceptable

What’s special about the Biscayne Jumbo loan program?

  • Fully delegated for fast closing — no investor-added conditions or timelines
  • Very aggressively priced
  • Qualify with RSU income

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!

Share this Post