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 $3.5M
- 660 Minimum Credit Score
Non-QM Expanded
Available on Sequoia Non-QM
Designed to help qualify Non-QM borrowers with up to 1 mortgage late and a wider credit box.
- Full Doc & Alt Doc Income
- Loan Amounts up to $2M
- 620 Minimum Credit Score
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 $3.5M
- 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 $3.5M
- No Liquidation Required
Asset Utilization
Available on Sequoia Non-QM
Qualify borrowers using their assets—liquidation of assets not required.
- Assets = Loan Amount + 60 Months
- Loan Amounts up to $3.5M
- No DTI Requirements
CPA Gross Receipts
Available on Sequoia Non-QM
Qualify gig workers using CPA Gross Receipts.
- Standard 50% Expense Factor
- Requires Minimal Business Bank Statements
- No Tax Returns Needed
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 Minimal Business Bank Statements
IRA
Available on Sequoia Non-QM
Qualify borrowers using IRA income—combine with other income or use as standalone.
- No Liquidation Required
- Income = IRA Funds / 36 Month Continuance
- Can Be Used Before Retirement Age
Real Estate Flipper
Available on Sequoia Non-QM
Qualify borrowers with RE Flipper income—combine with other income or use as standalone.
- No Tax Returns Required
- Loan Amounts up to $3.5M
- Must Have At Least 25% Ownership in the Projects
W-2 to 1099
Available on Rainier & Sequoia Non-QM
Qualify contractors without expenses or history of being a 1099 employee.
- No Minimum 1099 Income History
- Loan Amounts up to $3.5M
- No Expense Factor Applied
1099 Income
Available on Rainier & Sequoia Non-QM
Qualify gig workers, contractors, and freelancers with ease!
- Qualify Using 1099 Income
- Loan Amounts up to $3.5M
- Standard 10% Expense Ratio Applied
DSCR > 1.00
Available on Sequoia DSCR
Qualify real estate investors without income or employment documentation.
- Qualify Using Estimated Rent
- Loan Amounts up to $3M
- Long & Short-Term Rentals
DSCR ≥ 0.8
Available on Sequoia DSCR
Qualify real estate with DSCR ratios from 0.8 and 1.00.
- Negative Cash Flow Allowed
- Loan Amounts Up to $2M
- Long-Term Rentals Only
Biscayne Jumbo AUS
AUS approval options to easily qualify borrowers with high loan amounts.
- Loan Amounts Up to $3.5M
- No MI at Any LTV
- True Blended Ratios
Lassen Jumbo AUS
Use Seller, Builder, Realtor, or Lender Credit to buydown mortgage rate.
- Loan Amounts Up to $3M
- 80% Max LTV
- 2-1 & 1-0 Buydown Options
Teton Jumbo AUS
Low down payment option on purchases and reduced tradeline requirements.
- Loan Amounts up to $3.5M
- No MI at Any LTV
- Up to 90% LTV on Purchases
Full Doc Fixed Second Liens
Available on Olympic Closed-End Second Liens
Borrowers can access their home’s equity without touching 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
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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