Self-Employed Borrowers? No Problem! We’ve Expanded Biscayne Delegated Jumbo Guidelines

Newfi Wholesale Jumbos, News, Products

Our Biscayne fully-delegated jumbo loan program is now open to both self-employed and W2 borrowers!

What’s considered a self-employed borrower?

Borrowers are considered self-employed when their ownership interest is 25% or higher.

What are the guidelines for self-employed borrowers?

  • Max DTI: 40%
  • Max LTV/CLTV: 80%
  • Max loan amount: $1.5 million
  • Max 1 business entity per borrower, 2 business entities per loan transaction (see our Yellowstone Jumbo for more complex situations)

What’s special about the Biscayne Jumbo?

  • Fully delegated for fast closing — no investor-added conditions or timelines
  • Very aggressively priced
  • Qualify with RSUs

Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines.

For more information

Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

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