No Reserves Needed on Jumbo Refis

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 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’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

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 …

Customizable Flyers for Mortgage Brokers

We’re pleased to announce that we now have customizable flyers for mortgage brokers and other partners to use to market Newfi Wholesale products without any kind of branding. The flyers are in a Microsoft Powerpoint format, to make it easier for brokers to edit language, add disclaimers, add pictures, or anything else you can imagine. To edit these files, you …