Newfi Portfolio Non-QM
With Newfi Portfolio Non-QM products, we make all credit decisions and exceptions, providing flexible qualification and faster approvals.
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% Purchase Owner Occupied on Full Doc, Bank Statement and 1099 Programs, Rate & Term up to 85% LTV and Cash Out up to 80% LTV
- 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
- Exceptions considered with compensating factors
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
- Two ways to qualify
- DSCR >= 1.00
- DSCR < 1.00
- Purchase up to 80% LTV
- Rate & Term up to 75% LTV
- Cash out up to 75%
- Minimum credit score of 600
- 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 Year Interest Only available
- Prepayment Penalties allowed
- First time investors allowed
Great rates, innovative products, proprietary expanded program!
- Rates in the 3s
- 30 Year Fixed
- 30 & 40 Year Fixed with First 10 Years Interest Only
- Borrow up to $2.5 million
- Up to 90% LTV on Purchase
- Up to 80% LTV on Rate & Term and Cash-Out Refinances
- 45% DTI
- Full Documentation only
- First Time Homebuyers allowed at all LTVs
- Minimum credit score: 700
- Non-Occupant Co-Borrowers Allowed
- Business Funds Allowed for Reserves
- Own Up to 6 Properties
- Qualify Based On Note Rate
- Proprietary In-House Program
Say YES when others say NO with Sequoia Portfolio!
Flexible QualificationWe control all underwriting, so we can tailor loans up to $2.5 million to a borrower’s unique income and asset circumstances.
Faster ApprovalsWe underwrite the loan and make exceptions ourselves, so approval isn’t delayed by investors.
Live Scenario DeskOur lending specialists are on tap to quickly price scenarios and identify ways to qualify, making same-day exception decisions after loan submission.
Competitive RatesEven 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.