Discover the Flexibility of SmartEdge: Your Path to Homeownership

Navigating the path to homeownership can be challenging, especially for those with unique financial situations. That’s where the SmartEdge program from Newrez comes in. Tailored to meet the needs of borrowers who may not fit the traditional mold, SmartEdge provides flexible financing solutions to help you achieve your dream of owning a home. Here's what makes SmartEdge stand out:

Key Features and Benefits

1. Alternative Income Documentation

   • SmartEdge allows for alternative forms of income documentation, making it easier for self-employed borrowers, freelancers, and those with non-traditional income sources to qualify for a mortgage. You can use bank statements, 1099s, or other verifiable income streams.

2. Flexible Credit Requirements

   • Recognizing that life can throw curveballs, SmartEdge offers flexible credit requirements, accommodating borrowers with lower credit scores or those who have experienced credit events like bankruptcy or foreclosure in the past.

3. High Loan Amounts

   • With the ability to finance higher loan amounts, SmartEdge ensures you can purchase your dream home even in higher-priced markets. This flexibility opens doors that might otherwise remain closed with conventional financing.

4. Variety of Property Types

   • Whether you're looking to buy a primary residence, a second home, or an investment property, SmartEdge has you covered. The program supports a variety of property types, including single-family homes, condos, and even multi-unit properties.

5. Interest-Only Options

   • For those who prefer lower monthly payments initially, SmartEdge offers interest-only options. This feature can significantly reduce your monthly outgoings, giving you greater financial flexibility in the early years of your loan.

Who Can Benefit from SmartEdge?

• Self-Employed Professionals: If you run your own business or freelance, traditional income documentation can be a hurdle. SmartEdge allows you to leverage your true income through bank statements or 1099s.

• Individuals with Credit Challenges: Past financial difficulties shouldn't permanently bar you from homeownership. SmartEdge considers the whole picture, including recent improvements in your credit behavior.

• High-Income Borrowers with Unique Income Structures: For those with substantial but irregular income, SmartEdge provides a pathway to utilize your earnings effectively in securing a home loan.

Program Qualifications

• Income Verification: Submit alternative documentation like bank statements or 1099s to verify your income.

• Credit Scores: Flexible credit score requirements make it accessible for a broader range of borrowers.

• Loan Amounts: High loan limits cater to borrowers in diverse markets, allowing for significant financing where needed.

• Property Types: Versatility in property types ensures you can find financing for primary residences, second homes, and investment properties alike.

• Interest Rates: Competitive interest rates with options for both fixed and adjustable rates, including interest-only payment plans.

Get Started with SmartEdge

Embark on your journey to homeownership with confidence. Contact our team of experts to discuss how SmartEdge can be tailored to your unique financial situation.