Payment Relief: 40-Year Term, 10 Year Initial IO on Sequoia Portfolio Plus

Newfi Wholesale Non-QM

Do you have borrowers looking for lower initial payments? Newfi’s Sequoia Portfolio Plus offers a 10-year Interest-Only period at the start of a 40-year term. This gives payment relief while locking in today’s low rates for entire 40 year term, eliminating uncertainty when adjusting from IO to P&I payment.

It’s easier to qualify than most IO loans, because of its 40-year term. Underwriting decisions are done in-house with exceptions available.


  • Loan amounts up $2.5 million
  • 4 year seasoning for bankruptcy, foreclosure, short sale or deed in lieu
  • One year income documentation OK for Self-Employed and basic W-2
  • Smart asset depletion guidelines, with asset divided by 120 months
  • Purchase, refinance, and cash out
  • 85% Max LTV on IO; 95% for fully amortized loans
  • DTI up to 50% (purchase, rate & term)
  • Credit scores as low as 660
  • Owner-occupied, second homes and investment properties
  • 12- and 24-month bank statement program
  • Self-employed allowed

Contact your Newfi rep to get started!