NewPoint Mortgage LLC
12 South Summit Avenue, Ste 100-A7, Gaithersburg, MD 20877
https://newpointmortgage.com/
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(0 reviews)
Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
N/A
NewPoint Mortgage LLC ISAOA ATIMA 12 S. Summit Ave., #100 Gaithersburg, MD 20877
NewPoint Mortgage LLC ISAOA ATIMA 12 S. Summit Ave., #100 Gaithersburg, MD 20877
Lock policies & Fees
Lock Policies
.125 7 days or .375 15 days as of 11/25/24
after 30days
No
Lender's niche & Overlays
- ITIN Max LTV 85%
- VOE Only
- Foreign National Programs
- P&L or 1099 Only to 3 million
- DSCR - Upto 85% LTV (Purchase with 720 Fico)
- Bank Statement Loans
- Jumbo
- Condotel & Non Warrantable Condos
- Single Investment Property 5 – 10 Residential Units and 2 – 10 Mixed Use
- Max loan 4 Million - Min 150k
New: 2nd Mortgage! 150k -750k loan amounts min fico 680!
Exceptions can be made case by case. Please email scenario with 1003 and credit report.
Exceptions granted - DTI - Fico - Loan amount - And more!
FAQ's:
- Min Fico 600 to 70 ltv Purchase or 65 LTV Refi
- Cannabis income allowed in approved states
- Gift Funds allowed and Gift Equity. Inquire for more details. Reply to email.
- No ratio DSCR to 60 ltv.
- Short-term rentals allowed
- Yes - We can do NW condos
- We take transfer appraisals
- No NMLS Lic needed for business purpose loans
None
Lender turn time
2
2
2
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