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 …