Newfi Wholesale’s Biscayne High Balance loan program has no adjustments for cash out if LTV is 60% or below. Cash out adjustments do apply for 60.01-75% LTV.
Make Newfi your first stop for low-LTV, high-balance cash out loans … we are blowing away agency pricing.
Biscayne High Balance highlights include:
- Min Loan $453,100
- Max loan is agency high balance limit for county
- 30yr Fixed Only
- 45% Max DTI
- Min of 680 credit score
- Follow AUS for income documentation requirements
- Follow AUS for asset requirements
- Follow AUS for non-occupant co-borrowers
- No price adjustment to waive impounds
- Purchase and Rate & Term Loans allowed as well!