New Wave Lending Group
1199 Fairway Drive, Walnut, CA 91789
https://www.newwavelending.com/
Đánh giá nội bộ
(2 đánh giá)
Tổng số khoản vay đã hoàn tất với Loan Factory
29
Tổng số khoản vay đã hoàn tất với Loan Factory (12 tháng qua)
8
Tổng quan về đơn vị cho vay
Thông tin cơ bản
New Wave Lending Group, Inc. a California Corporation Its Successors and/or Assigns 1199 Fairway Drive, City of Industry, CA 91789
New Wave Lending Group, Inc. a California Corporation Its Successors and/or Assigns 1199 Fairway Drive, City of Industry, CA 91789
Chính sách khóa & Phí
Chính sách khóa
0.125 cost for 2 days 025 cost for 7 days contact AE for negotiation
relock fee 0.25 + worse scenario pricing apply, please contact AE to negotiate
Thị trường ngách & Hạn chế của đơn vị cho vay
Non-QM - VOE, PNL only program
- LTV can go up to 80%, Loan amount up to $3MM (easiest VOE/PNL program on the market)
- No large deposit needs to be sourced if borrower is PR or Citizen
- Non-permanent resident with EAD or working authorized visa is allowed (C08, A05 also allowed, but with sourcing of large deposit)
- No credit tradeline required if the borrower has 3 credit score
- Gift is allowed 100% for downpayment, closing cost, reserve. Investment property allowed
- No limit for cash in hand
Foreign National allowed (MAX loan amount $1.5 million)- ratio above 1(max LTV 70%), ratio below 1 or no ratio (max LTV 65%)
Non Permanent Resident - Valid EAD, E3, H1B, L, O and P with work authorization and DACA allowed
No DTI, only DSCR is used for eligibility.
Actual Rent > Market rent - Max rent can be used is either the actual rent or 120% of the market rent which is lower
No large deposit needs to be sourced
Gift is allowed once 10% minimum borrower contribution met, No gift for Non permanent resident and foreign nationals
No License needed for AR, CO, CT, DC, HI, IL, IN, KS, KY, ME, MD, MO, NH, NY, OH, OK, SC, TX, WA, WI, WY
Allow ratio below 1 or no ratio ( DSCR < 0.75 is also good to go)
- SEA program - LTV up to 80%, Min FICO 620 with Max DTI 55% - No borrower minimum contribution required
- EP program - Interest Only option available, Purchase LTV up to 80%, cash out up to 80%, No MI required and Gift funds allowed
Conforming / High Balance
Non occupant co-borrower allowed
Based on AUS decision with NO OVERLAY
Salary borrower without using Schedule E income can only pull W2 transcript
Gift can be used on Reserve and Closing
Parent Home
Limited Condo Review if Applies
Asylee Visa, DACA Visa F1/OPT Visa allowed - might apply 2nd page pricing
Jumbo Express
Max LTV 89.99%, Min FICO 660 Max DTI 45%
First Time Home Buyer Allowed - Max LTV 80% with Max Loan Amount $2MM
Housing History 0x30x24, but Living Rent Free with LOE allowed
Non occupant co-borrower is allowed
Mortgage Insurance Not Required, No Impound Required except property is in flood zone
First Time Home Buyer with LLPA Waiver
Primary Home Only
Qualifying Income is 100% or less of the area median income where the property is located or 120% in high-cost areas
AMI look-up tool https://ami-lookup-tool.
fanniemae.com/amilookuptool/
No Multi-units more than 4 or MIX USED PROPERTY
Thời gian xử lý của đơn vị cho vay
1
2
1
Đánh giá - New Wave Lending Group
5.0
2 Đánh giá trên Google
Sao
Sắp xếp theo
