Newfi Wholesale Hits Target with Near-Miss Jumbos

Newfi Wholesale Jumbos

It can be frustrating when one or two guidelines block a perfect borrower from qualifying for a perfect jumbo loan.

We call those Near-Miss Jumbos. And they’re why we created Sequoia Portfolio Plus – so more of those jumbos can find a fit.

With Sequoia, we make all credit decisions and exceptions, which means flexible qualification and faster credit decisions.

Here’s what our Sequoia Portfolio Plus can help you with:

  • Guideline exceptions – Newfi makes the calls
  • Loan amounts up to $2 million
  • 40-year fixed with 10-year interest-only period – excellent payment relief
  • Up to 50% DTI (purchase);
  • Full Doc or 12-month bank statement
  • 4-year seasoning on BK/Foreclosure/DIL/Short Sale
  • Non-occupant co-borrowers allowed
  • Business funds can be used for down payment, closing costs and reserves
  • Asset depletion used for income with a 10-year calculation – allows you to decrease ratios

Read more about our Sequoia Portfolio Plus lending program.

Plus: Our FHA pricing is very strong! Check us out on LoanSifter and see!

Call us for pricing or scenarios. We’re here to help. We also have a convenient Submit a Scenario feature on our website. It’s a simple and fast way to to find the best product fit for your borrowers.