Home Refinance Guide
Brought to you by New Capital Finance
About New Capital Finance
New Capital Finance is a full service mortgage brokerage licensed in Colorado.
We specialize in quick closings and unparalleled customer service for borrowers with strong income, little debts, solid employment history, sizeable assets and good credit.
Refinance Programs
Table of contents
Quick close conventional Loan
Close in 30 days w/ costs rolled in
Up to 95% LTV rate & term (Depends on occupancy and # of units)
Up to 80% LTV cash out (Depends on occupancy and # of units)
Full income & asset documents required
$75k minimum loan amount
Strong income & employment history required (e.g. no job gaps and must be working at least 40 hours/wk)
640 FICO required with no credit issues
FHA Loan
Close in 30-45 days w/ costs rolled in
Up to 96.5% LTV rate & term (Depends on occupancy and # of units)
Up to 80% LTV cash out (Depends on occupancy and # of units)
Full income & asset documents required
$75k minimum loan amount
Strong income & employment history required (e.g. no job gaps and must be working at least 40 hours/wk)
640 FICO required with no credit issues
VA Loan
Close in 30-45 days w/ costs rolled in
Up to 100% LTV rate & term (Depends on occupancy and # of units)
Up to 90% LTV cash out (Depends on occupancy and # of units)
Full income & asset documents required along with Certificate of Eligibility from VA
$75k minimum loan amount
Strong income & employment history required (e.g. no job gaps and must be working at least 40 hours/wk)
640 FICO required with no credit issues
USDA Loan
Close in 30-45 days w/ costs rolled in
Up to 100% LTV rate & term (Depends on occupancy and # of units)
Rural properties only (Must meet map eligibility per USDA website)
Full income & asset documents required
$75k minimum loan amount
Strong income & employment history required (e.g. no job gaps and must be working at least 40 hours/wk)
640 FICO required with no credit issues
Bank Statement Loan
Close in 45-60 days w/ costs rolled in
Business owners only with 2-year history
No Tax Returns, W2s, or 1099s required
12 months’ business bank statements required
Up to 90% LTV rate & term
Up to 80% LTV cash out
700 FICO required w/ 3-9 months’ reserves
$150,000 minimum loan amount
Owner occupied OK
DSCR Investor Loan
Close in 40-65 days w/ costs rolled in
Must have some sort of job title to list on the application (But we do not verify employment)
No Tax Returns, W2s, or 1099s required
Non-owner-occupied rental properties only
700 FICO w/ 3-6 months’ reserves
Up to 80% LTV rate & term ($150k minimum)
Up to 70% LTV cash out ($150k minimum)
Monthly rental income must be 25% higher than mortgage payment (including tax/ins/hoa fees)
Why Use Us?
Top 5 reasons to use New Capital Finance
We can close clean files in 21 days or less
Our rates and fees are lower than most competitors on the market
You will receive top-notch customer service
You can reach our staff 24/7 around the clock
We make the purchase and refinance process fun
TFE Finance & Marketing
DBA New Capital Finance
NMLS# 1901157
DISCLOSURES
This document is strictly intended for informational purposes. This is not a commitment to lend nor is it an exhaustive list of guidelines.
Not all consumers will qualify for the lending products listed in this pamphlet. A full
application must be reviewed and underwritten to determine if a loan can be approved.
This information does not guarantee a loan for any specific consumer and this is not a commitment to lend funds.
Interest rates on some programs (I.E. down payment assistance, alt doc self-employed, no doc rental, etc.) are higher than traditional conforming loans.
TFE Finance & Marketing DBA New Capital Finance is licensed in Colorado (NMLS# 1901157).