Newrez, founded in 2008, has done business as a mortgage lender and broker in the majority of states across the US. Newrez is unique because it offers a variety of home loan products to homebuyers looking to fund their personal residence and in addition offers specialty products that cater towards investors, commercial builders, realtors, and developers.
Jump down to the NewRez reviews below if you want to see what people have said about their experience with this mortgage lender.
With Newrez, you can expect to choose from the following lending options as a potential homebuyer:
Something unique about Newrez is its investor property loan product. Newrez offers a loan that is specifically structured for those who are interested in purchasing an investment property. If you are a real-estate investor, Newrez is one of the few mortgage lenders that offers competitively priced mortgages specifically designed for investment properties.
A specialized Newrez loan program option for 2 to 4 unit properties, low/mid/high-rise condos, and warrantable site condos.
Newrez is unique because it has a wide selection of loan options for homebuyers, but it also has several lending options that reach beyond just a single family purchase. Builders, realtors, and developers have specialty loan options that cater to them.
Newrez offers joint venture loans to help builders, realtors, and developers fund their commercial projects. Not only can it provide the right mortgage projects for these sorts of projects, but it also brings its expertise needed to bring the project to life. If you work with Newrez to fund one of your projects, you can be assured that you’ll get the following:
These products and services are rarely offered by a consumer-based mortgage company, making Newrez stand apart from the competition. Take advantage of this program if you fall into the criteria mentioned above.
Newrez has great refinancing options that can help current or future homeowners save a lot of money on interest payments, monthly payments, or PMI. It offers traditional refinancing and also cash-out refinancing options; however, certain qualifications and requirements may limit your options.
Newrez reviews are currently limited, but 77 percent of customer reviews are 4 or 5 stars. Many customers mention how Newrez provided excellent customer service and competitive mortgage rates that can help keep mortgage payments low.
NewRez offers a pre-approval service to help borrowers enter the home buying market. Most Mortgage lenders offer a free pre-approval service, saving potential homeowners a few hundred bucks, but it is unclear if NewRez offers this as a free service like other lenders or not.