Non-QM Loans

Newfi Wholesale provides non-QM loan programs for a wide variety of credit and income situations, with loan amounts up to $2.5 million.

Sequoia Portfolio Plus

With Sequoia, we make all credit decisions and exceptions in house, providing flexible qualification and faster approvals.

  • Borrow up to $2.5 million
  • Smart asset depletion guides – assets divided by 120 months
  • 4 year seasoning for BK, foreclosure, short sale or deed in lieu
  • One year income documentation OK for Self-Employed and basic W-2
  • Credit Scores as low as 660, with exceptions down to 640
  • No minimum trade line requirement with 3 credit scores, LTV < 75% and 24 month housing payment history
  • LTV increased to 90% for Owner Occupied, 80% for NOO
  • DTI up to 55% (purchase, rate & term)
  • 12- and 24-month bank statement program

See Guidelines (.pdf) Read More About Sequoia


Sequoia Portfolio Expanded

All Sequoia Portfolio Plus features, 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 BK, foreclosure, short sale or deed in lieu
  • Smart asset depletion guides – assets divided by 120 months
  • One year income documentation OK for Self-Employed and basic W-2
  • Relaxed housing payment history
  • Reduced reserve requirements
  • 12- and 24-month bank statement program

See Guidelines (.pdf)


Sequoia Investor Pro

Designed for borrowers who have an investment property portfolio, and need alternative means to qualify for an investment property loan.

  • Designed for borrowers who have an investment property portfolio and need alternative means to qualify for a loan
  • Qualification based on subject property Debt Service Coverage Ratio (DSCR)
    • DSCR = Gross Rent/PITI
    • 2 ways to qualify
      • DSCR >= 1.15
      • No Ratio (not using subject property rent to qualify)
  • Purchase or Rate & Term up to 80% LTV
  • Cash out up to 75%
  • Minimum credit score of 620
  • 3/1 & 5/1 ARMs
  • Interest only available
  • Prepayment penalties available 1-3 years
  • Escrows are required
  • No income or employment verification (cash to close must be verified)
  • No reserve requirement

See Guidelines (.pdf)


Denali Non-QM Jumbo

Denali provides unusually high LTVs and a 40 year fixed with I/O period.

  • Borrow up to $2.5 million
  • Max LTVs: 95% owner occupied, 85% non-owner
  • Credit scores as low as 600
  • 40 year fixed with 10 year interest-only period
  • Shorter seasoning requirements

See Guidelines (.pdf)     Read More About Denali


Glacier Flex Non-QM

Designed for owner-occupiers, Glacier provides flexibility for credit events or bank statements.

  • Borrow up to $2.5 million
  • Max LTVs: 90% up to $1.5 million; 85% up to $2.5 million
  • Credit scores as low as 620
  • 36 months seasoning for bankruptcy & foreclosure
  • Bank statement programs

See Guidelines (.pdf)     Read More About Glacier Flex


Glacier Expanded Flex Non-QM

Glacier Expanded Flex provides improved pricing for owner-occupiers in exchange for better credit quality.

  • Borrow up to $2.5 million
  • Max LTVs: 85% up to $1 million; 75% up to $2.5 million
  • Credit scores as low as 680
  • DTI up to 55%
  • 60 months seasoning for bankruptcy & foreclosure
  • Bank statement programs

See Guidelines (.pdf)


Glacier Investment Property Non-QM

For investors, Glacier provides bank statement qualification and “one day” seasoning on credit events.

  • Borrow up to $2.0 million
  • Max LTVs: 80% for purchase/rate & term; 75% for cash out
  • Credit scores as low as 620
  • 12 months of person bank statements OK for self-employed
  • “One-day” season for foreclosure; 24 months for Chapter 7 bankruptcy

See Guidelines (.pdf)     Read More About Glacier Investment


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