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SMART Series Updates - 5/24/18

New Penn Financial is updating the SMART Series suite of products for improved financing options and additional clarification.

A summary of each of the SMART Series products and their respective changes are outlined below:

SmartEDgE & SMARTEDGE PLuS

Eligibility Matrix
Primary residence purchase and rate and term refinance:

  • LTV increased to 85% for loan amounts up to $2M with 680 FICO
    Second Home purchase and rate and term refinance:
  • LTV decreased to 80% for loan amounts up to $2M with 680 FICO

2.3 arm features

  • Margin lowered to 3.75%

 

Refer to the updated product profiles posted to the Product Profiles page for all requirements.