NEW! 95% CLTV Piggyback

Daniel Silver Products, Why We're Great

Borrowers who use Newfi Wholesale’s 95% CLTV Piggyback can obtain jumbo loan amounts with an even lower down payment — while still getting agency pricing.

What’s exciting about the 95% CLTV Piggyback?

  • Only 5% down payment required from borrower!
  • Avoid mortgage insurance!
  • Obtain agency pricing on your first mortgage!

Product highlights

  • Purchase only
  • Overlays to FNMA DU:
    • 40% Maximum DTI
    • 740 Minimum Credit Score
  • 6 months PITIA reserves required (principal, interest, taxes, insurance, and association dues)
    • Payment shock provision for first time home buyers: proposed PITIA payment cannot exceed 150% of current housing (rent) expense
  • 1st Mortgage Standard or High Balance Conforming*
  • 2nd Loan Amounts: $25,000 – $250,000
  • 1st Mortgage Terms Offered:
    • Fixed: 10, 15, 20, 30 Years
    • ARMs: 5/1 And 7/1
  • 2nd Mortgage Terms Offered: 15 or 30 Years
  • Primary Residence Only
  • Fully Delegated, and both loans underwritten concurrently

* High balance conforming in major metropolitan counties only

For more information

See our program guidelines or call the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

Blustream is now Newfi Wholesale

Newfi Wholesale News

As of May 11th, 2017, Blustream Lending will become Newfi Wholesale!

Cool new name, same great company!

  • Same price leadership
  • Same innovative products
  • Same dedicated support

Why the name change?

Newfi reflects our commitment to provide a newer and better lending experience and aligns our brand with our position as a market leader and product innovator.

We’ll see you soon here — and on LoanSifter — as: Newfi Wholesale!

To learn more, contact Newfi Wholesale Support at 888-415-1620.

Newfi Wholesale now offering 25-day closings

Daniel Silver News, Why We're Great

We now offer closings for conforming purchases within 25 days or less!

This includes our famous 1st/2nd combo piggyback product as well!

Here are the requirements:

  • Conforming or high-balance agency loans only
  • The 25 days is measured from date of complete credit file upload
  • Complete credit file must be received upon submission
  • Blustream to issue LE on the same day if the request is received by 11:00am PT
  • Appraisal must be ordered within 24 hrs of Blustream receiving the signed initial disclosures
  • All UW PTDs to be received within 15 calendar days of credit file

To learn more about our 25-day closing policy, contact Blustream Support at 888-415-1620.

Debbie Ingle Joins Newfi Wholesale as Senior Vice President

Newfi Wholesale News, People

We’re excited to welcome Debbie Ingle as our new Senior Vice President of Wholesale Mortgage Lending!

Debbie has been in the mortgage business for over 30 years, and she has a unique background combining both wholesale and retail mortgage, as well as operations and production management.

Before joining Newfi Wholesale, Debbie was the Executive Director of Mortgage and Real Estate at Alaska USA Federal Credit Union. She was also President of Alaska USA Mortgage Company and Alaska USA Title Agency.

Debbie previously worked for 13 years at GreenPoint Mortgage, working with Steve Abreu, the current CEO of Nexera Holding LLC. At GreenPoint Debbie was a Division Manager responsible for the largest and most profitable region in the company.

Debbie told us about her three fundamental beliefs for success:

  1. “Do the right thing, even when nobody is watching.”
  2. “Our greatest asset is our team.”
  3. “Together we can achieve more than what we dreamed was possible.”

At Newfi Wholesale, Debbie is hiring industry veterans throughout the US that share our passion for simplicity, transparency and that personal touch that makes the difference to our partners.

Welcome aboard, Debbie!

Newfi Wholesale opens in Pennsylvania

Daniel Silver New States, News, People

Newfi Wholesale is now operating in Pennsylvania!

We’re proud to now be licensed for wholesale mortgage lending operations in Pennsylvania. Our Regional Account Manager for the state is Brendan Barry.

You can reach him at:

Brendan Barry
Regional Account Manager
Telephone: (610) 637-1994

And see our other wholesale loan products…

NEW! Denali Jumbo & Non-QM Mortgage Loans

Newfi Wholesale News, Products

We’re excited to announce another new non-QM loan program: Denali!

The Denali Non-QM loan program offers better rates and higher LTVs than many competing non-QM programs. Plus you can access jumbo amounts with no mortgage insurance.

Denali Jumbo & Non-QM Loan Flyer

Click Here for a PDF of the Commercial Loan Flyer

Here are some highlights:

  • 95% LTV up to $1.5 million with no MI
  • 40-year fixed rate mortgage with 10 year IO (max 43% DTI)
  • NOO Purch, R&T and Cash Out to 85% LTV, no MI
  • Unlimited cash out to 95% LTV
  • Unlimited financed properties for LTV of 70% or below
  • Expanded DTI up to 50%
  • Shorter seasoning requirement from major credit events
  • Credit score as low as 600

Who is this loan product for?

Denali is ideal for clients who can fully document their income and who want to:

  • Unlock the equity in their investment properties;
  • Borrow despite recent credit events like bankruptcy, foreclosure, or short sale; or
  • Manage monthly mortgage payments with an interest-only option.

How does Denali compare to our Glacier Flex Non-QM program?

Denali is a full-doc program, allowing for higher LTVs and better pricing. Glacier Flex is an alt-doc program that makes it easier for borrowers to qualify. Read more about Glacier Flex (for homeowners) and Glacier Low-Doc Investment (for investors).

How does Denali compare to our Yellowstone Jumbo program?

Denali is a non-QM jumbo program that permits higher LTVs (up to 95%!) and also provides an option for a 40-year terms with a 10-year, interest-only options. Yellowstone is a standard jumbo product providing our most competitive rates for loan amounts up to $2 million. Read more about the Yellowstone Jumbo Loan Program.

For more information

See our program guidelines, or call the Newfi Wholesale team at 888-415-1620!

And see our other wholesale loan products…

Newfi Wholesale now in New Jersey

Daniel Silver New States, News, People

Blustream now offering wholesale mortgage lending in New JerseyNewfi Wholesale is now doing wholesale lending in New Jersey!

We’re excited to bring our wide range of wholesale mortgage loans and great rates to New Jersey. Our new Regional Account Manager for New Jersey is Brendan Barry.

His contact information is:

Brendan Barry
Regional Account Manager
Telephone: (610) 637-1994

And see our other wholesale loan products…

Newfi Wholesale expands to Florida

Daniel Silver New States, News, People

Newfi Wholesale is now providing its innovative wholesale lending products to Florida!

We’re pleased to announce that our new Regional Account Manager for Florida is Steven Duran.

His contact information is:

Steven Duran
Regional Account Manager
Telephone: (954) 483-5213

Check out our wholesale loan products!

Top 10 Reasons to Use Newfi Wholesale

Newfi Wholesale Why We're Great

Why do we think mortgage brokers should use Newfi Wholesale?

  1. Price. We are consistently in the top 5 best-priced lenders for Conforming and FHA loans.
  2. Proven leadership. Our management team has led some of the largest, most successful mortgage banks in the industry.
  3. Broker loyalty program. We reward our partners with service and price incentives for submission volume and pull-through.
  4. Support. We provide a single point of contact for inside sales support and pipeline management.
  5. Non-QM. Our Non-QM program helps borrowers and real estate investors who may not qualify for agency and other traditional financing.
  6. Piggyback Seconds. We have a 90% CLTV piggyback seconds that you won’t find anywhere else.
  7. Jumbos. We are consistently one of the top 5 best-priced lenders for jumbo financing. And we have a 95% LTV jumbo!
  8. FHA. We offer a full suite of competitively priced FHA programs, including non-credit qual, mortgage rating only, streamline refis.
  9. Small-Balance Commercial. Our flexible, non-bank commercial loans can help borrowers that fall outside of traditional bank guidelines.
  10. More innovation to come. We have a new wholesale portal coming soon.
….And most of all, because we care about YOU, the customer.
For more information, contact us at (888) 415-1620 or visit us at

NEW! Small Balance Commercial Loans

Daniel Silver News, Products

Newfi Wholesale now offers Small-Balance Commercial Lending!

Commercial loans from $250,000 to $2 million for refinancing, purchase, and cash out are available, for both owner-occupied and investment properties. This is a great alternative to traditional bank lending, particularly for borrowers needing more flexible terms.

Small Balance Commercial Loan Flyer

Click Here for a PDF of the Commercial Loan Flyer

Why sell small-balance commercial loans?

  • Grow your business and diversify your product line
  • Easy product extension if you’ve done residential, multi-family loans or large commercial
  • Great door-opener with new and old referral sources (real estate agents, insurance agents, lawyers)
  • Avoid referring out lucrative business from new and existing clients
  • Good rates available, even for borrowers with complicated credit situations

Who are small-balance commercial loans for?

Small-balance commercial loans are ideal for your clients looking to invest in commercial real estate, or small business owners who are interested in purchasing or refinancing a property.

Borrowers should have strong credit and personal financial strength to qualify for the best rates.

We also have a flexible “light doc” program for self-employed borrowers or other investors whose tax returns do not fully represent their credit status or net worth. While rates are higher than traditional bank rates, they are lower than those of hard money lenders.

What’s special about the Newfi Wholesale small-balance commercial loan program?

Our program covers commercial mortgages from $250,000 up to $2 million. Some of the exciting features of our loan program include:

  • LTV up to 80%
  • Owner-occupied or investment properties
  • Long terms and amortizations (up to 30 years!)
  • Cash-outs OK
  • 48-hour pre-approvals
  • Multiple prepayment premium options
  • Minimum population requirements
  • 640 credit score minimum required
  • 1.20 minimum DSCR (debt service coverage ratio)

What property types are eligible?

Our small-balance commercial loan program covers a wide variety of properties, including:

  • Multifamily
  • Mixed-use residential/commercial
  • Office
  • Retail
  • Self-storage
  • Light industrial
  • Warehouse
  • Automotive
  • Mobile home parks

For more information

See our program guidelines, or call the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!