Denali Jumbo & Non-QM Mortgage Loans

Newfi Wholesale News, Products

We’re excited to announce another new non-QM loan program: Denali!

The Denali Non-QM loan program offers better rates and higher LTVs than many competing non-QM programs. Plus you can access jumbo loan amounts with no mortgage insurance.

Denali Jumbo & Non-QM Loan Flyer

Click Here for a PDF of the Commercial Loan Flyer

Here are some highlights:

  • Purchase/R&T up to $2.5 million
  • Owner Occupied:
    • 95% LTV up to $2.5 million, no MI
  • Non Owner Occupied:
    • Purch and R&T to 85% LTV, no MI, up to $2.5 million
    • Cash Out to 80% LTV, no MI
  • 40-year fixed rate mortgage with 10 year IO (max 43% DTI)
  • Expanded DTI up to 50%
  • Unlimited financed properties for LTV of 70% or below
  • Shorter seasoning requirement from major credit events
  • Credit scores as low as 600

Who is this loan product for?

Denali is ideal for clients who can fully document their income and who want to:

  • Unlock the equity in their investment properties;
  • Borrow despite recent credit events like bankruptcy, foreclosure, or short sale; or
  • Manage monthly mortgage payments with an interest-only option.

How does Denali compare to our Biscayne Jumbo program?

Denali is a non-QM jumbo program that permits higher LTVs (up to 95%!) and also provides an option for a 40-year fixed-rate term with a 10-year, interest-only option. Biscayne is a standard, delegated jumbo product providing our most competitive rates for loan amounts up to $2.5 million, as well as fast closings. Read more about the Biscayne Delegated Jumbo Loan Program.

How does Denali compare to our Glacier Flex Non-QM program?

Denali is a full-doc program, allowing for higher LTVs and better pricing. Glacier Flex is an alt-doc program that makes it easier for borrowers to qualify. Read more about Glacier Flex (for homeowners) and Glacier Low-Doc Investment (for investors).

For more information

See our program guidelines, or call the Newfi Wholesale team at 888-415-1620!

And see our other wholesale loan products…