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. …

Newfi Prioritizes Making it Simple for Brokers

Newfi Wholesale Why We're Great

Newfi Wholesale prioritizes making it simple. We know you have options, and we value all of the brokers who work with us. Our reputation in the industry often focuses on our proprietary Non-QM products, and our innovation in crafting unique product guidelines. But Newfi doesn’t stop there. Here’s a brief overview of some of the ways we make it easy …

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 …

New Pricing and Eligibility Tools for Non-QM Scenarios

Newfi Wholesale Non-QM

Newfi Wholesale has partnered with LoanScorecard to offer clients a pricing and eligibility tool, specifically for our Sequoia Non-QM products. Approved clients or even potential clients can now run eligibility and pricing scenarios directly from Calyx Point, or here on our website. This platform will also use the borrower’s credit report to run an automated underwriting (AUS) specifically to our …

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 …

In-House Investor Pro: One of the Easiest Methods to Qualify Investor Clients

Newfi Wholesale Non-QM

Sequoia Investor Pro is incredibly flexible, underwritten in-house, and requires no income, employment or asset verification*. This terrific NOO option is making headway in the marketplace. Newfi Wholesale has created one of the easiest methods of qualification for your investor clients. With Sequoia Investor Pro you have two options: qualify based on the subject property cash flow with a DSCR of …

Now is the time: Get Cash-Out on Investment Properties

Newfi Wholesale Non-QM

Many borrowers have seen strong equity growth on their non-owner properties. Newfi’s Sequoia Portfolio Plus is a great program for borrowers to take a cash-out refi to get equity out of investment properties. Cash-out refis go up to 80% LTV on full doc with 680 credit; up to 75% with 660 credit. A bank statement option is also available with LTVs to 75% …

No Reserves Needed on Jumbo Refis

Newfi Wholesale Jumbos

Newfi’s Sequoia Portfolio Plus offers jumbo refi and cash-out with no reserve requirement. Loans would need to meet the following criteria: Rate & Term refinance with DTI of 43% or less and have a qualifying payment lower than current payment. All other non-subject property reserve requirements remain. Cash-out refinance with DTI of 43% or less and either PITI is lower …

Qualify More Self-Employed Borrowers

Newfi Wholesale Non-QM

Newfi continues to innovate for self-employed borrowers. With our Sequoia Portfolio Plus and Expanded programs you have two different options for calculating the net qualifying income from your borrowers business bank statements: Fixed Expense Ratio – This is the quickest and easiest calculation. Simply add up the total business deposits and apply a fixed expense ratio, based on the type and size of …