Newfi Portfolio Non-QM

With Newfi Portfolio Non-QM products, we make all credit decisions and exceptions, providing flexible qualification and faster approvals.

Sequoia Portfolio

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

  • In house loan decisions
  • Borrow up to $3 million
  • 15 and 30 Year Fixed
  • 30 Year Interest Only and 40 Year Interest Only
  • Three year seasoning on major credit events and two years or more seasoning considered on case-by-case basis as an exception
  • Credit Scores as low as 600
  • Multiple options to meet trade line requirements
  • Up to 90% LTV on Purchase, Owner Occupied, Full Doc Programs
  • Up to 85% LTV on Purchase, Owner Occupied, Bank Statement and 1099 Programs
  • Up to 80% LTV on Owner Occupied Cash Out Refinances
  • Up to 80% Purchase/Rate &Term on Second Homes and Non Owner Occupied with Cash Out up to 75%
  • Unlimited Cash Out
  • DTI up to 55%
  • 12 and 24 Month Personal or Business Bank Statement Program
  • Multiple expense calculation options available
  • Non Occupant Co-Borrowers allowed
  • Asset Depletion allowed
  • ITIN (Individual Tax Identification Number) accepted
  • Exceptions considered with compensating factors

See Sequoia Non-QM Guidelines (.pdf)

See Sequoia Non-QM Expanded Guidelines (.pdf)

See Sequoia Non-QM ITIN Guidelines (.pdf)

See Sequoia Non-QM ITIN Expanded Guidelines (.pdf)



Sequoia DSCR

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
    • Purchase up to 80% LTV
    • Rate & Term up to 80% LTV
    • Cash out up to 75%
    • Minimum credit score of 620
    • Three year seasoning on major credit events such as bankruptcy, foreclosure, short sale or deed in lieu
      • Two years seasoning considered on exception
    • 15 and 30 Year Fixed
    • 30 and 40 Year Interest Only Available
    • Prepayment Penalties allowed
    • First time investors allowed
    • Foreign Nationals allowed
    • States that do not require licensing on a DSCR loan are CO, CT, DE, FL (if closing in the name of an LLC), GA, IA, IL, KY, MD, OH, SC, TN, TX, WA, WI, and WY

    See Sequoia DSCR Guidelines (.pdf)

    See Sequoia DSCR Foreign National Guidelines (.pdf)



Sequoia 5-8 Unit DSCR

Designed for borrowers who have a 5-8 unit investment property, and need alternative means to qualify for an investment property loan.

  • Minimum Credit Score 660
  • Purchase and Rate & Term Refi up to 75% LTV
  • Cash Out with $1 Million Cash in Hand Up To 70% LTV
  • Loan Amounts Up To $3 Million
  • Only 1 Appraisal Required
  • Gift, Business and Crypto Funds Allowed
  • 2 Vacant Units Allowed
  • DSCR Ratio Calculated off PITI
  • States that do not require licensing on a DSCR loan are CO, CT, DE, FL (if closing in the name of an LLC), GA, IA, IL, KY,MD, MT, OH, SC, TN, TX, WA, WI, and WY

See Sequoia 5-8 Unit DSCR Guidelines (.pdf)



Rainier Expanded

Great rates, innovative products, proprietary expanded program!

  • 30 & 40 Year Fixed with First 10 Years Interest Only
  • Borrow up to $3 million
  • Up to 90% LTV on Purchase
  • Up to 80% LTV on Rate & Term and Cash-Out Refinances
  • 50% DTI
  • Full Documentation only
  • First Time Homebuyers allowed at all LTVs
  • Minimum credit score: 680
  • Non-Occupant Co-Borrowers Allowed
  • Business Funds Allowed for Reserves
  • Own Up to 6 Properties
  • Qualify Based On Note Rate
  • Proprietary In-House Program
  • No MI allowed at any LTV

See Rainier Guidelines (.pdf)


Parks and Rec Club

Are you in The Club? The Concierge White Glove Non-QM experience you’ve been waiting for is here!

  • Get access to special pricing, turn times and personalized scenario support!
  • There are 2 tiers for pricing incentives:
    • Tier 1 is a .25 price improvement
    • Tier 2 is a .50 price improvement
  • Membership in The club entitles you to:
    • A pricing improvement of .25 on all Sequoia Non-QM programs to include Bank Statement, 1099, Full Doc, and DSCR options
    • Guaranteed 30-day close on purchase transactions with adherence to submission date requirements
    • Direct access to our designated Non-QM expert to assist with structuring and submitting Sequoia loans
  • The Rainier program is not included in the Parks and Rec Club

Learn More About Parks & Rec Club (.pdf)


Say YES when others say NO with Sequoia Portfolio!

 Flexible Qualification

We control all underwriting, so we can tailor loans up to $2.5 million to a borrower’s unique income and asset circumstances.

 Faster Approvals

We underwrite the loan and make exceptions ourselves, so approval isn’t delayed by investors.

 Live Scenario Desk

Our lending specialists are on tap to quickly price scenarios and identify ways to qualify, making same-day exception decisions after loan submission.

 Competitive Rates

Even when borrowers have complicated credit situations, we strive to keep rates among the lowest in the market.


What kind of borrowers are well-suited for Sequoia Portfolio?

Sequoia is especially good for using asset depletion income – one of THE EASIEST calculation methods in the industry!

All kinds of borrowers are suitable for Sequoia, but you may find the most success with difficult-to-qualify borrowers like:

  • Those needing payment relief, so a 40-Yr Fixed, 10-Yr Interest-Only is the answer
  • Those with high ratios that can be alleviated by aggressive Asset Depletion guides
  • Conforming or Jumbo loan amounts
  • Full Doc or Bank Statement qualification

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

About Newfi Wholesale

Founded by industry veterans, we are a wholesale mortgage lender with deep expertise in jumbo, non-QM, and government lending. We are committed to providing our broker partners with a broad range of loan products, efficient technology, and an attractive price point to help them grow their business and close more loans. 

To learn more about Newfi Wholesale, call us today at 1 (888) 415-1620 or email us at support@newfi.com.

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