Portfolio Lending

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

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?

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

  • High-asset borrowers needing exceptions on credit score, LTV, or DTI
  • Self-employed borrowers
  • Borrowers with credit events who also have excellent credit history since event
  • Real estate investors with multiple properties
  • Non-warrantable condos

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.

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.

  • Loan amounts up to $2.0 million
  • 4 year seasoning for bankruptcy, foreclosure, short sale or deed in lieu
  • Asset depletion income: very simple guidelines with asset divided by 120 months
  • Purchase, refinance, and cash out
  • Term options:
    • 30 year fixed & 15 year fixed
    • 40 year fixed with 10 year interest only period
    • 7/1 ARM & 5/1 ARM (interest only available on both)
  • LTV up to 85% (purchase), 75% (rate & term) or 70% (cash out)
  • DTI up to 50% (purchase), 55% (rate & term)
  • Credit scores as low as 680
  • Owner-occupied, second homes, and investment properties
  • 12 month bank statement program
  • Self-employed allowed, some restrictions exist

See Sequoia Guidelines (.pdf)

Sequoia Portfolio Plus Loan Flyer

Click here for the Sequoia flyer (.pdf)

For more information

See the Sequoia Portfolio Plus guidelines. To learn more about Newfi Wholesale’s diverse options for jumbo and non-QM, call the Newfi Wholesale team at 888-415-1620!

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