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Home Partnersʼ Ownership Conversion Pilot Program

Now, through the Home Partnersʼ Ownership Conversion pilot program*, your lease security deposit with Home Partners may be used toward your down payment. Plus, your down payment may also include any home price appreciation on the home you lease through Home Partners. At NewRez, we are committed to delivering value to our customers. You can count on us for: convenience and peace of mind, fast turn-around times, and a broad spectrum of mortgage programs. Your perfect home is waiting, renew your American Dream today!

*The Ownership Conversion pilot is for first-time homebuyers who meet Fannie Mae’s eligibility requirements. An individual is considered a “first-time home buyer” if he or she (1) is purchasing the home being purchased; (2) will reside in the home being purchased as a principal residence; and (3) had no ownership interest (=sole or joint) in a residential property during the three-year period preceding the date of the purchase of the home. In addition, an individual who is a displaced homemaker or single parent also will be considered a first-time home buyer if he or she had no ownership interest in a principal residence (other than a joint ownership interest with a spouse) during the preceding three-year time period.

My experience with NewRez was smooth- sailing. Communications during the process were direct, truthful, and informative. The terms of the loan were extremely competitive, and there was clearly no attempt to deceive at any step of the process. - Mark D., KY

     


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© 2018 NewRez LLC. All Rights Reserved. Doing business as NewRez Mortgage in the states of Arkansas and Texas. {Website approval pending with the New York Department of Financial Services.} This communication does not constitute a commitment to lend or the guarantee of a specified interest rate.  All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. NewRez LLC, 4000 Chemical Road, Suite 200, Plymouth Meeting, PA 19462. Corp NMLS#: 3013 (www.nmlsconsumeraccess.org). Licensed by the AZ Department of Financial Institutions (license no. 919777). Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Financial Lenders Law license. GA - Georgia Residential Mortgage Licensee #22847. IL - Illinois Residential Mortgage Licensee. KS - Kansas Licensed Mortgage Company (license no. MC.0025382). MA-NewRez LLC is licensed in Massachusetts as a Mortgage Lender. Massachusetts Mortgage Lender License - License Number: ML-3013. NJ- Licensed by the N.J. Department of Banking and Insurance. NY- Licensed Mortgage Banker - NYS Department of Financial Services. RI - Rhode Island licensed lender. Additional licenses available at www.newrez.com.