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Last Updated: 06/27/2025

Newfi Home Equity Loans

in Home Equity Loans from Nexera Holding LLC dba Newfi

Last Updated: 06/27/2025

Nexera Holding LLC dba Newfi logo
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Credit Score Range

Starting at 660
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Amount Range

$75,000 - $500,000
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Maximum LTV

85%
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Loan Term (Years)

10 - 30
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Newfi Home Equity Loans Review

Newfi Home Equity Loans is offered by Nexera Holding LLC dba Newfi (NMLS #1231327), a direct lender founded in 2014 and based in Emeryville, CA. Newfi Home Equity Loans are available in 43 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Newfi Home Equity Loans does not offer financing for vacation homes or investment properties.
  • Origination fees starting at $995.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
  • High maximum LTV ratio. Newfi Home Equity Loans has a maximum loan to value ratio of 85%.
  • Fair credit accepted. Borrowers with a credit score as low as 660 may qualify for Newfi Home Equity Loans.
  • High maximum DTI ratio. Newfi Home Equity Loans requires a debt-to-income ratio of less than 50%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.

Newfi Home Equity Loans Pros & Cons

Newfi Home Equity Loans FAQ

How much can you borrow with a Newfi Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
Newfi Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Newfi Home Equity Loans

This lender's maximum loan to value rate is 85%. That means the total debt secured by the property cannot exceed 85% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $65k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Newfi Home Equity Loans charge for a home equity loan?

Newfi Home Equity Loans may charge a loan origination fee of $995.

What types of property can you use as security for a home equity loan with Newfi Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Newfi Home Equity Loans will consider loans secured by the following property types:
  • Primary home.

Is Newfi a legit company?

Newfi was founded in 2014, it is a well-established company that has been in business for 12 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

Newfi Home Equity Loans Disclosure: This is not an offer for extension of credit or a commitment to lend. Information and pricing are subject to change at any time and without notice. Equal Housing Lender | Nexera Holding, LLC dba Newfi Lending, 2100 Powell Street, Suite 730, Emeryville, CA 94608 | NMLS 1231327 | All Rights Reserved | Licensed by the Department of financial protection and innovation under the California Finance Lenders Law, License No. 60DBO43045. Licensed by the Department of financial protection and innovation under the California Residential Mortgage Licensing Act under license number 41DBO-71410 Visit www.newfi.com for full licensing information.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Message from Newfi Home Equity Loans

Looking to access your home's equity? With fixed, competitive rates and fast approvals, refinancing or taking out a second mortgage is no hassle with Newfi! We offer homeowners access to flexible, low-cost home equity loans that can help consolidate debt, fund home renovations possible, or help you access cash.

Newfi's pricing is highly competitive and offers a variety of terms for borrowers to choose from. We don't require a full appraisal for qualifying loans and instead utilize a simple automated valuation model (AVM).

Contact

Headquarters

2100 Powell St
Suite 730
Emeryville, CA 94608
(888) 316-3934
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