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 …

Newfi’s Diverse Product Line

Newfi Wholesale Products

As we enter 2019, we’re excited to grow with our brokers on a number of our product offerings. Newfi offers a wide range of options, including: Non-QM Sequoia Portfolio Plus has all credit decisions and exceptions made by Newfi underwriters who know the guidelines front and back. This makes for flexible qualifications and faster approvals. Sequoia Portfolio Expanded builds on those …

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% …

Get the confidence of a fixed-rate with a temporary buydown

Newfi Wholesale Products

Newfi’s temporary buydown program allows borrowers to utilize seller/builder concessions* to buy down the payment amount for the first 1 or 2 years. By providing payment relief on their new home, borrowers have more options when it comes to where they spend their money. PROGRAM HIGHLIGHTS Conforming, High Balance and FHA products Fixed Rate only Purchase transactions of primary residence …

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 …

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 …

Easy Bank Statement Qualification – Sequoia Portfolio Plus and Expanded

Newfi Wholesale Non-QM

You can qualify more self-employed borrowers using our Sequoia Portfolio bank statement programs. This is an excellent opportunity to review your pipeline of borrowers who were not previously able to qualify with a full doc, and breathe new life into those deals. Here are some highlights: Personal bank statements – Use 100% of employment related deposits with no additional expense …

Convert borrower assets into qualifying income with Sequoia Portfolio Plus

Newfi Wholesale Non-QM

Newfi offers one of THE EASIEST Asset Depletion calculation methods in the industry with its Sequoia Portfolio Plus Non-QM program. Eligible funds can be held in checking, savings, stocks, bonds, mutual funds or retirement accounts. To calculate, take the total amount of eligible assets, divide by 120 months and add the result to the “other income” section of your 1003 – it’s …

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 …