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

Newfi Wholesale Products

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

Newfi Wholesale Non-QM, Products

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 Jumbos, Products

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 …

Newfi’s Biscayne High Balance Cash-Out Topping Pricing in LoanSifter

Newfi Wholesale Products

Newfi is tops in the country on its fully-delegated Biscayne high-balance cash-out on LoanSifter. Check out these results for this $650k loan on a $1 million property (Owner Occupied, 720 credit full doc cash out refi). The Newfi Biscayne family offers loans that feature: 90% Max LTV $3M Max Loan Amount 2nd Home / Non-Owner Allowed 680 Minimum Credit Score Interest-Only ARMs Available Fully …

Having Trouble Qualifying Self-Employed Borrower?

Newfi Wholesale Products

Tired of saying No? Newfi’s own Sequoia Portfolio Plus will help you say YES! Call your turndowns and tell them you have the loan program that could let them close now! Sequoia will let you CHECK all the boxes. One-year income for self-employed and W-2 – Check! Personal and Business banks statement loans that really close – Check! Simple Asset …

No Minimum Tradeline Requirement with Newfi’s Portfolio Plus

Newfi Wholesale Products

Have you ever had that perfect Jumbo client? Great scores, plenty of equity or down payment and good income, but they just don’t meet the minimum trade line requirements for most Jumbo loans? We’ve had that borrower too, and our Sequoia Portfolio Plus is the solution! Must have 3 credit scores Owner Occupied properties only 0 x 30 on 24-month …

Sequoia Portfolio Plus: 1 Year Income Verification For Self Employed Borrowers

Newfi Wholesale Jumbos, Products

Newfi Wholesale’s Sequoia Portfolio Plus allows you to use one year of income documentation for self-employed or salaried W2 borrowers. Here are some other highlights of Newfi’s recent guideline expansions: Loan amounts up to $2.5 million for Owner; $2 million for NOO and 2nd Home Income calculation can use asset depletion funds from checking, savings stocks, bonds, mutual funds, retirement …

Newfi’s Sequoia Expansion – It’s a Big Deal

Newfi Wholesale Jumbos, Products

Newfi Wholesale has expanded its guidelines for Sequoia Portfolio Plus, making it easier than ever to qualify more Jumbo borrowers. Here are some of the features of our guideline expansions: One year income documentation OK for Self-Employed and basic W-2 No minimum trade line requirement with 3 credit scores, LTV < 75% and 24 month housing payment history. LTV increased …

Make Sense Lending is Back

Newfi Wholesale Products

Newfi Wholesale works hard to make sure we have the solutions that fit your needs: Sequoia Portfolio Plus offers flexible in-house exceptions and only 4 years seasoning on BK and foreclosure. 95% CLTV Purchase with our Olympic Piggyback – down payment can come from all gift funds. Biscayne Jumbo is your pick for loans up to $3 million. Fully delegated …

Ask Newfi About In-House Exceptions for Jumbos

Newfi Wholesale Jumbos, Products

You asked and we listened. Newfi makes it easy to request in-house exceptions for jumbo loan amounts. Submit your exception request here. Typical exception requests on the Sequoia Portfolio Plus include: Credit Score Max Cash Out Credit History Payment Shock Non-Warrantable Condo DTI Loan Amount And don’t forget, besides the in-house exceptions on our Portfolio Plus, we offer a Fixed …