Introducing Sequoia Portfolio Plus

Newfi Wholesale Products, Why We're Great

New Sequoia Portfolio Plus

Our new Sequoia Portfolio Plus loan program means flexible qualification, in-house exception decisions, and fast approvals!

What’s exciting about Sequoia Portfolio Plus?

  • We handle all underwriting and exceptions
  • Flexible guideline qualification
  • Live scenario desk for same-day decisions
  • Low rates even for complicated credit situations

See Sequoia Guidelines (.pdf)

Sequoia Portfolio Plus Loan Flyer

Click here for the Sequoia flyer (.pdf)

Product highlights

As a portfolio product, we can make exceptions to many of these criteria, provided there are compensating factors in reserves, income, or other areas.

  • Loan amounts up to $2.0 million
  • Purchase, refinance, and cash out
  • Term options:
    • 30 year fixed & 15 year fixed
    • 40 year fixed with 10 year interest only period
    • 7/1 ARM & 5/1 ARM (interest only available on both)
  • LTV up to 85% (purchase), 75% (rate & term) or 70% (cash out)
  • DTI up to 50% (purchase), 55% (rate & term)
  • Credit scores as low as 680
  • 4 years seasoning for bankruptcy, foreclosure, short sale or deed in lieu
  • Owner-occupied, second homes, and investment properties
  • 12 month bank statement program

Who is this product best for?

All kinds of borrowers are suitable for Sequoia, but you may find the most success with difficult-to-qualify borrowers like:

  • High-asset borrowers needing exceptions on credit score, LTV, or DTI
  • Self-employed borrowers
  • Borrowers with credit events who also have excellent credit history since event
  • Real estate investors with multiple properties
  • Non-warrantable condos

Borrowers should have strong credit and personal financial strength to qualify for the best rates.

For more information about Sequoia Portfolio Plus

See the product page or our product guidelines, call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

See Sequoia Guidelines (.pdf)

Check out our other wholesale loan products!