Newfi Home Loans

Newfi Home Loans

in Home Purchase Mortgages from Newfi Lending · NMLS ID #1231327


Newfi Home Loans


in Home Purchase Mortgages from Newfi Lending · NMLS ID #1231327

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Loan Amount Up to $2,000,000
Loan Term (Years) 15 - 40 years

Newfi Home Loans Review

Newfi Home Loans is offered by Newfi Lending (NMLS #1231327), a direct lender founded in 2014 and based in Emeryville, CA. Newfi Home Loans is available in 9 states across the USA.

Newfi Home Loans FAQ

How much can you borrow via Newfi Home Loans?

Newfi Home Loans allows borrowers to apply for loan amounts of up to $2,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Newfi Home Loans?

Newfi Home Loans offers mortgages with terms ranging from 15 to 40 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does Newfi Home Loans charge a mortgage origination fee?

Yes, Newfi Home Loans may charge a loan origination fee.

What mortgage programs does Newfi Home Loans offer?

Newfi Home Loans offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • Conforming: Mortgages that meet the loan requirements of Fannie Mae and Freddie Mac. These have fixed rate terms of 10 to 30 years and adjustable rate terms ranging from 3 to 10 years. Down payments as low as 5%.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Newfi Home Loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Newfi Home Loans allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects
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Other Services by Newfi Lending


  Available in 9 states
  • Arizona
  • California
  • Colorado
  • Florida
  • New Jersey
  • Oregon
  • Pennsylvania
  • Utah
  • Washington

Feature Breakdown

Credit Score Range 580 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Cosigner
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Proof of citizenship/residence (Green Card)
Primary Residence
Loan Amount Up to $2,000,000
Loan Term 15 - 40 years
Interest Rate Types Offered N/A
Mortgage Programs
  • Conforming
  • Conventional Mortgages
  • FHA
  • Jumbo
  • VA

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