Do you have a loan that’s tough to get approved? Send your loan to Newfi Wholesale, where we have a plethora of non-QM programs to help you get your loan closed:
- Interest Only. Fixed rate, 40-year loans with the first 10 years making interest only payments, and then 30 years of full PITI
- Pre-approvals to ensure your borrowers are well equipped when submitting their offer.
- Bank statements with 12 month or 24 month programs
- Asset depletion translated into qualifying income for your borrower. Simply divide assets over 120 months. Every $100,000 = $833.33 per month.
- Guideline exceptions made in-house.
- High LTV cash out. 95% owner-occupied, 85% non-owner occupied
- LLCs OK. Close in an LLC with Newfi Wholesale’s Glacier Non-QM program.
- RSU income used for qualifying purposes
- Credit events. Foreclosure, short-sale, deed-in-lieu seasoning from 3 yr on owner occupied and 1 day on non-owner occupied
- Mix-and-match qualification methods in a single transactions. Use bank statement for self-employed, asset depletion and full doc on employed borrower.
For more information, contact us at (888) 415-1620 or visit us at newfiwholesale.com.