Newfi Lending Offers New Non-QM Loan
The Pinnacles Step-Up Mortgage gives Non-QM borrowers a way to lower their initial monthly payments.
The Pinnacles Step-Up Mortgage gives Non-QM borrowers a way to lower their initial monthly payments.
CDFI-eligible Accelerator X offers more options for high-FICO investor borrowers.
Loan offers a fixed-rate and interest-only payments for the first 10 years.
Company has hired 200 loan originators since June announcement.
The $255.3 million non-prime residential mortgage-backed securities transaction is sponsored by Sutton Funding LLC.
Notes are supported by 681 loans with a total unpaid principal balance of approximately $358.9M.