Newrez

• Variety of Loan Types
• Mortgage Programs for Non-Owner Occupied Properties
• Commercial Lending Options
• Refinancing Options
• Newrez Reviews

Variety of Loan Types

With Newrez, you can expect to choose from the following lending options as a potential homebuyer:

• Fixed rate loan
• Adjustable rate mortgage (ARM) loan
• FHA loan
• VA loan
• Investor property loan

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.

Mortgage Programs for Non-Owner Occupied Properties

A specialized Newrez loan program option for 2 to 4 unit properties, low/mid/high-rise condos, and warrantable site condos.

Commercial Lending Options

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:

• Marketing support
• Expertise in compliance regulations
• A professional management team
• Advanced technology for project support

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.

Refinancing Options

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

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.

• No Free Pre-Approval Service

No Free Pre-Approval Service

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.