FHA loans for credit scores as low as 580

With our new FHA guidelines, we’re offering FHA loans for an even wider range of credit scores. Here’s what special about our FHA loans: Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!   Share this Post

How to run DU in the Newfi Wholesale portal

At Newfi Wholesale, we’re constantly adding new features to make your life easier. We’re now providing a variety of flexible options for DU and credit report handling, allowing you the choice to: Note that these options are specific to FNMA conforming loans. For FHLMC loans, Newfi Wholesale can run LP for you using a reissued credit report from an approved vendor, …

New FHA Loan Limits for 2018

HUD has increased loan limits for FHA-insurable mortgages in 2018! Some of these increases have been substantial, which may help you qualify more borrowers. We’re seeing increases from from $275,665 to $294,515 in low cost markets and from $636,150 to $679,650 for high cost markets. For example, King County in Washington State increased from $592,250 for a single family residence …

New 1003 Demographic Information Addendum for 2018

Brokers will need to use a NEW HMDA Demographic Information Addendum for the 1003 application in 2018! There is a new HMDA Demographic Information Addendum to Uniform Residental Lending Application (URLA, also known as the 1003), which you can view here. Brokers must submit a completed addendum for all loan applications dated 1/1/2018 or later. The form should already be …

Help us feed our community!

At Newfi, we think food is a basic human right. That’s why we will donate $5 to the Alameda County Community Food Bank for every loan that Newfi Wholesale receives in December and which closes in December or January. The Alameda Country Community Food Bank is an Oakland-based non-profit that helps feed the hungry year-round in our backyard. We’re proud …

We’re now accepting 2018 loan limits!

Newfi Wholesale is now accepting loans up to the newly-approved FHFA conforming loan limits! The FHFA recently updated their conforming loan limits for 2018. Newfi Wholesale will accept applications using the new loan limits beginning December 4, 2017. In addition, Newfi will allow fundings using the new loan limits prior to January 1, 2018. UPDATE 12/11: The Newfi Wholesale broker …

New Conforming Loan Limits for 2018

The FHFA increased its allowable loan limits for conforming mortgages in 2018! These new limits will apply to loans that can be acquired by Fannie Mae and Freddie Mac. The new limits are 6.8% over 2017. Visit the FHFA website for county-specific information.

Low Rates for High Balance Mortgages

With our new guidelines, agency high-balance loans may be underwritten to the AUS findings and submitted to our aggressively-priced, fully-delegated Biscayne jumbo loan program! Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines. Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620! Share this Post

Biscayne Delegated Jumbo Now Includes Condos

Our Biscayne fully-delegated jumbo loan program is now open to condos! Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines. Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620! Share this Post

We’re Updating Our Broker Portal!

Newfi Wholesale is excited to announce that we will be releasing a significant update to our broker portal. While the core functionality and terminology will remain mostly unchanged, you will benefit from the following enhancements: We are confident you will be happy with these updates and your Newfi team is here at 888-415-1620 to answer any questions. For a user …