NewPoint Mortgage LLC
12 South Summit Avenue, Ste 100-A7, Gaithersburg, MD 20877
https://newpointmortgage.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
17,923
Total loans closed with Loan Factory (past 12 months)
14,517
Lender overview
Basic information
NewPoint Mortgage LLC ISAOA ATIMA 12 S. Summit Ave., #100 Gaithersburg, MD 20877
N/A
Lock policies & Fees
Lock Policies
.125 7 days or .375 15 days as of 11/25/24
N/A
Lender's niche & Overlays
- ITIN Max LTV 85%
- VOE Only
- Foreign National Programs
- P&L or 1099 Only
- 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 -500k 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
- ITIN Max LTV 85%
- VOE Only
- Foreign National Programs
- P&L or 1099 Only
- 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 -500k 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
Lender turn time
2
2
2
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