Where We Started
Newfi is a Non-QM, Second Lien, and Jumbo lender who was founded in 2014 by a team of industry veterans in San Francisco, California.
Over the last 10 years, Newfi has grown from a Bay Area mortgage lender to one of the top 5 Non-QM mortgage providers nationwide, serving 48 states.
Newfi is an affiliate of Apollo, a global asset management company. Their vested interest our company ensures our continued growth and success.
Where We’re Going
Where We’re Going
Customers Rated Newfi
in Funded Volume
Employees Nationwide
We Help You Win
Non-QM Product Suite
Our full Non-QM, Second Lien, and Jumbo product suite provides our Account Executives with a broad array of offerings to help you capture more business.
Competitive Pricing
Newfi offers consistently competitive pricing on our suite of Non-QM & Second Lien mortgages to help you capture more business.
Transparency
Newfi has cultivated a company culture that is committed to providing clear and consistent communication by offering transparency at every level.
Strength
Newfi is an affiliate of Apollo, which helps us remain competitive, stable, and on a growth trajectory through the changing markets.
Our Product Suite
Newfi offers a variety of mortgage solutions, including Non-QM, Second Liens, and Jumbo options. We specialize in unique mortgage solutions tailored to a range of borrowers.
Non-QM
Jumbo
Fixed Seconds
Non-QM
Available on Rainier & Sequoia Non-QM
Qualify your full doc and alt doc borrowers easily with this innovative Non-QM solution.
- Full Doc & Alt Doc Income
- Loan Amounts up to $5M
- 660 Minimum Credit Score
Non-QM Expanded
Available on Sequoia Non-QM
Designed to help qualify alt doc borrowers with lower minimum credit scores.
- Full Doc & Alt Doc Income
- Loan Amounts up to $5M
- 620 Minimum Credit Score
12 or 24-Month Bank Statements
Available on Rainier & Sequoia Non-QM
Qualify self-employed and business owner borrowers using bank statements.
- Business or Personal Bank Statements
- Loan Amounts up to $5M
- 2-1 Buydown Available
1099 Income
Available on Rainier & Sequoia Non-QM
Qualify self-employed and business owner borrowers using bank statements.
- Business or Personal Bank Statements
- Loan Amounts up to $5M
- 2-1 Buydown Available
Asset Depletion
Available on Sequoia Non-QM
Use a simple equation to qualify borrowers looking to use assets as income.
- Income = Assets / 60 Months
- Loan Amounts up to $5M
- No Liquidation Required
Asset Utilization
Available on Sequoia Non-QM
Qualify borrowers using their assets—liquidation of assets required.
- Assets = Loan Amount + 60 Months
- Loan Amounts up to $3.5M
- No DTI Requirements
CPA Gross Receipts
Available on Sequoia Non-QM
Qualify borrowers using their CPA Prepared P&L Statements.
- Standard 50% Expense Factor
- Qualifying Income = Net Income / 12 / Percentage of Business Owned
- Requires 2mo. Business Bank Statements
CPA Prepared P&L
Available on Sequoia Non-QM
Qualify borrowers using their CPA Prepared P&L Statements.
- No Expense Factor Required
- Qualifying Income = Net Income / 12 / Percentage of Business Owned
- Requires 2mo. Business Bank Statements
IRA
Available on Rainier & Sequoia Non-QM
Qualify borrowers using IRA income—combine with income or use as standalone.
- No Liquidation Required
- Income = IRA Funds / 36 Month Continuance
- Combine Income Docs to Qualify
Real Estate Flipper
Available on Rainier & Sequoia Non-QM
Use standalone RE Flipper income or combine with other income types to qualify full time real estate investor.
- Business or Personal Bank Statements
- Loan Amounts up to $5M
- 2-1 Buydown Available
W-2 to 1099
Available on Sequoia Non-QM
Qualify contractors without expenses – great option for medical professionals & borrowers who recently switched 1099.
- 2 Month Minimum 1099 Income History
- Loan Amounts up to $5M
- Requires Employer Letter or Employer Contract
DSCR ≥ 0.8
Available on Sequoia DSCR
Qualify real estate investors with negative cash flow to 0.8 for a DSCR loan.
- DSCR ≥ 0.8
- Loan Amounts up to $2M
- Long-Term Rentals
DSCR > 1
Available on Sequoia DSCR
Qualify real estate investors without income or employment documentation.
- Qualify Using Estimated Market Rents
- Loan Amounts Up to $3.5M
- Long & Short-Term Rentals
Foreign Nationals
Available on Sequoia DSCR
Qualify Foreign National borrowers looking to invest in the U.S.
- 1-4 Unit Properties
- Loan Amounts Up to $1.5M
- Geographic Restrictions Apply
Biscayne Jumbo AUS
AUS approval options to easily qualify borrowers with high loan amounts.
- True Blended Ratios
- Loan Amounts Up to $3.5M
- No MI at Any LTV
Lassen Jumbo AUS
Use Seller, Builder, Realtor, or Lender Credit as contributions to buydown mortgage rate.
- 2-1 & 1-0 Buydown Options
- Loan Amounts Up to $3M
- 80% Max LTV
Teton Jumbo AUS
Low down payment option on purchases and reduced tradeline requirements.
- Up to 90% LTV on Purchases
- Loan Amounts up to $3M
- No MI at Any LTV
Non-QM Jumbo
Available on Sequoia Non-QM
Low down payment option on purchases and reduced tradeline requirements.
- Alt Doc Option
- Loan Amounts Up to $5M
- 720 Minimum Credit Score
Full Doc Second Liens
Available on Olympic Closed-End Second Liens
Access home equity with Olympic Second mortgages without borrowers having to touch their first mortgage.
- Full Doc Fixed Rate Solution
- Loan Amounts from $75k-$500K
- 660 Minimum Credit Score
Bank Statement Second Liens
Available on Glacier Closed-End Second Liens
Our Glacier Seconds are designed for self-employed borrowers to tap into their home’s equity.
- Bank Statement Fixed Rate Solution
- Loan Amounts from $150k-$500k
- 680 Minimum Credit Score
Non-QM
Jumbo
Fixed Seconds
Marketing Support
Our marketing team understands the value of collaboration and works alongside our sales team, providing materials that help you grow. Here are some of the ways we help you succeed:
Marketing Support – Servis.AI
Our CRM platform offers our Account Executives easy access to production data on accounts, marketing capabilities, and the full NMLS database.
How We Stay Connected
We value collaboration, communication, and a supportive team culture.
We stay connected through company-wide events, conferences, and online & in-person celebrations that bring us together.
Whether it’s through daily communication, uplifting each others’ achievements, or learning opportunities, our team thrives on a culture of connection, growth, and shared success.
President’s Club
Each year we send a group of top producing Account Executives on our annual President’s Club trip.
The relaxing and fun weekend getaway, held in a different location each year, brings Account Executives & leadership from across the country together to celebrate the hard work and dedication of our sales team.
I love how our underwriting and leadership teams are truly looking for ways to make loans work. Most underwriters look for reasons to not do a loan, but we’re constantly coming up with different, new and creative ways to qualify more borrowers.
– Kendra Eakins
Previous Account Executive Promoted to Producing Area Sales Manager
Intuitive Technology
Newfi’s BLU Broker Portal is an all-in-one platform that offers users a straightforward and streamlined loan submission process.
About Our Operations
Regional Non-QM Underwriters
Our team of Underwriters have extensive knowledge of both our
Non-QM product suite and their regional guidelines to help quickly
and efficiently move files through the pipeline.
Exception-Based
We make guideline exceptions on 1/3 of our proprietary Non-QM products,
offering tailored solutions on the files that need them to push deals to the
finish line.
Turn Times
Our team works hard to keep files moving through the pipeline with quick and efficient daily turn times.
Frequently Asked Questions
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