Bulletin 2022-094 Temporary Interest Rate Buydown Update

Temporary Interest Rate Buydown Update

Newrez LLC "Newrez" Approved Correspondent Clients: please note the following updates regarding temporary buydowns:

 

  • Newrez will only accept loans with a split buydown when the buydown is paid by the lender, seller, and/or third parties. Newrez will not accept loans with a split buydown when any portion is paid by the borrower.
  • Newrez will permit buydowns on VA loans funded by seller, lender, borrower or other interested party.

 

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