Jumbo Loans

Newfi Wholesale has jumbo solutions for all kinds of borrowers, with loan amounts up to $2.5 million and flexible credit qualification options.

Biscayne Jumbo

For our best pricing and fast closing, Biscayne is your all-purpose jumbo loan option.

  • Borrow up to $3 million
  • Max LTVs: 90% purchase, 80% rate & term, 75% cash out (up to $500,000)
  • Credit scores: 680 for purchase/rate & term; 700 for cash out
  • Fully delegated: no investor-added conditions or timelines
  • Self-employed and investors OK

See Guidelines (.pdf)     Read More About Biscayne

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)

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