Sequoia Portfolio Non-QM


With Sequoia Portfolio Plus, Sequoia Portfolio Expanded, and Sequoia Investor Pro, we make all credit decisions and exceptions, providing flexible qualification and faster approvals.

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 Portfolio Plus



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)




What are the basic features of Sequoia Portfolio Plus?

As a portfolio product, we can make exceptions to many of these criteria, provided there are compensating factors in reserves, income, or other areas.

  • One year income documentation OK for Self-Employed and basic W-2
  • No minimum trade line requirement with 3 credit scores, LTV < 75% and 24 month housing payment history.
  • LTV increased to 90% for Owner Occupied
  • LTV increased to 80% for Non-Owner Occupied
  • Credit Scores as low as 660, with exceptions down to 640
  • Revolving accounts paid off to qualify – no need to close the account
  • Expanded allowable Non Arms-Length purchase transactions

See Sequoia Guidelines (.pdf)


Say YES when others say NO with Sequoia Portfolio Plus!

Flexible Qualification

We control all underwriting, so we can tailor loans up to $2 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 Plus?

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

Income calculation can use funds coming from checking, savings stocks, bonds, mutual funds, retirement accounts, with $100k minimum needed to qualify as income.

This simple formula equates to $833 per month in income per $100k in assets.

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.

Let’s talk about your business goals and how we can help.
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