NewRez, a mortgage lender, recently announced the launch of a new program with Freddie Mac that is designed to provide increased support for first-time homebuyers. Eligible borrowers looking to purchase a home can receive up to $3,000 in closing cost assistance, allowing them to purchase a home with fewer upfront costs. As part of this initiative, the lender has changed its underwriting guidelines, removing some of the barriers that may have been preventing qualified borrowers from purchasing a home.
The launch of this special program underscores the lender’s commitment to helping first-time homebuyers navigate the mortgage process, reducing the costs of buying a home and increasing their overall financial wellness. Prospective borrowers will have access to numerous loan options, as well as an experienced team of professionals to answer questions and guide them through the process.
Key Points:
• NewRez launches special program with Freddie Mac providing up to $3,000 in closing cost assistance for first-time homebuyers
• Revised underwriting guidelines helping to remove the potential barriers preventing qualified borrowers from purchasing a home
• As part of this initiative, borrowers will have access to loan options and expert guidance
You can read this full article at: https://www.housingwire.com/articles/newrez-now-offers-freddie-macs-revamped-downpayment-assistance-program/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
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