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 …

Sequoia Investor Pro: Qualify with no income, employment or reserve disclosure

Newfi Wholesale Non-QM

Investors can qualify for Sequoia Investor Pro with no income or employment disclosure and no reserve requirement. There are two ways for borrowers to qualify: Debt Service Coverage Ratio (Gross Rent/PITI) >= 1.15; or No Ratio (not using subject property rent to qualify). This proprietary program is available in 3/1 and 5/1 ARMs, and has an Interest-Only option available. Cash to close must be verified …

Market and Grow Non-QM Business

Newfi Wholesale Webinars

Watch Newfi’s webinar on how to market and grow Non-QM business. Learn more about our Sequoia Portfolio Non-QM products!

New Product Alert – No Investor Approval Required!

Newfi Wholesale Non-QM

Newfi is excited to announce the addition of a new proprietary Non-QM product called Sequoia Portfolio Expanded. Sequoia Portfolio Expanded has all the great features of the Sequoia Portfolio Plus, as well as higher LTV limits, lower credit scores and shorter recovery time between major credit events. Borrow up to $2.5 million Multiple options to meet tradeline requirements 3-year seasoning for …

Advanced Broker Toolkit: Portfolio Asset Depletion Income

Newfi Wholesale Non-QM

Newfi is always looking to help you benefit from using our Sequoia Portfolio Plus program. Did you know that Sequoia offers one of THE EASIEST Asset Depletion calculation methods in the industry? With Sequoia’s Asset Depletion program you can use funds held in checking, savings, stocks, bonds, mutual funds or retirement accounts. By simply taking the total amount of eligible …

New Webinar: Non-QM Updates and Marketing Tips

Newfi Wholesale Marketing, Non-QM, Webinars

Newfi Lending’s first Non-QM webinar in July was a great success and is back by popular demand! Newfi’s follow-up webinar will share program updates and offer marketing ideas for many of the program’s key features and benefits. Join us for a 30-minute webinar where we will cover: Recent updates to existing guidelines Marketing ideas to help generate Non-Qm loan volume …

Newfi is Also a Great Option for FHA Programs

Newfi Wholesale FHA Loans

Along with being your go-to lender for Jumbo and Non-QM products, Newfi also offers strong pricing and manual underwriting on its FHA program. Features include: AUS or Manual Underwriting Credit Scores as low as 580 Down Payments as low as 3.5% Gift Funds can cover 100% of down payment and closing costs Up to 85% Cash Out Three years seasoning …