Submit your 12- or 24-Month Bank Statements to Newfi’s Bank Statement Desk

We understand that processing bank statement loans can have its challenges. At Newfi Wholesale, we are here to help! Submit your 12 or 24 month statements to our Bank Statement Desk PRIOR to your loan submission to Newfi. We will review your bank statements, and determine the gross deposits that we will consider in the income calculation. Final income determination will be …

Qualify Using Bank Statements with No P&L

Did you know you can qualify a borrower using business bank statements with no P&L? Simply apply a fixed expense ratio based on the size and type of business. Learn more about using our Sequoia Portfolio bank statement programs. Expense Ratio for Bank Statement Income Calculations Number of Employees 0 1-5 > 5 Service Business 20% 40% 60% Product Business …

No Price Adjustment for Cash Out on High Balance Loans

Newfi Wholesale’s Biscayne High Balance loan program has no adjustments for cash out if LTV is 60% or below. Cash out adjustments do apply for 60.01-75% LTV. Make Newfi your first stop for low-LTV, high-balance cash out loans … we are blowing away agency pricing. Biscayne High Balance highlights include: Min Loan $453,100 Max loan is agency high balance limit …