We all know how limited mortgage products have become in recent years. While we applaud the industry-wide move back to safety and sanity in lending practices - we think the lessons of the past can inform us about the mortgage products of the future. That's why New Penn Financial®, together with Shellpoint Partners, is creating signature, non-agency mortgage products - to make the dream of home ownership available to more qualified borrowers.
Here are just a few of the programs available. Please check regularly with your New Penn mortgage consultant to see what new programs we've added that might suit your unique needs.
Flexibility: Core Product Series
With today's stringent lending requirements, many credit-worthy borrowers just miss government and agency loan criteria. And yet, they may have pristine credit histories. Perhaps they are self-employed, or have some other extenuating circumstance that keeps them from getting a loan. New Penn is now offering more flexible solutions for such borrowers to purchase first and second homes with loan amounts of $100,000 to $2 million.
Specialty: Plus Product Series
This series exists to serve the true specialty markets that have been all-but-left behind in recent years:
Real Estate Investors can purchase new properties or get cash-out with flexible income and documentation options. Learn More