Last Updated: 06/27/2025
Newfi Lending - Self Employed Home Equity Loans
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Last Updated: 06/27/2025
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Newfi Lending - Self Employed Home Equity Loans Review
Key Takeaways
- Only primary residences considered. Newfi Lending - Self Employed 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.
- Maximum LTV. Newfi Lending - Self Employed Home Equity Loans has a maximum loan to value ratio of 80%.
- Good credit required. You will need a credit score of at least 680 to qualify.
- High maximum DTI ratio. Newfi Lending - Self Employed Home Equity Loans requires a debt-to-income ratio of less than 45%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.
Newfi Lending - Self Employed Home Equity Loans Pros & Cons
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Newfi Lending - Self Employed Home Equity Loans FAQ
How much can you borrow with a Newfi Lending - Self Employed Home Equity Loans home equity loan?
What are the home equity loan requirements of Newfi Lending - Self Employed Home Equity Loans
What fees does Newfi Lending - Self Employed Home Equity Loans charge for a home equity loan?
What types of property can you use as security for a home equity loan with Newfi Lending - Self Employed Home Equity Loans?
- Primary home.
Is Newfi a legit company?
Newfi Lending - Self Employed 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.
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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.