Newfi Lending Review

Founded 2014 · Emeryville, CA · Nationwide

4.0

Editor Rating

Newfi Lending is a non-QM specialist that operates a genuine consumer-direct retail channel in addition to wholesale. Self-employed borrowers can apply directly for bank statement, asset-utilization, 1099, and ITIN programs without going through a broker.

Editor's Take

A rare combination: a dedicated non-QM specialist that lets consumers apply directly. If you want non-QM expertise without a broker, Newfi is worth a quote alongside Griffin and NAF.

— Bill Rice, 30+ year mortgage lending veteran

Pros & Cons

Pros

  • A non-QM specialist that is genuinely consumer-direct
  • Bank statement, asset-utilization, 1099, and ITIN programs
  • Apply online without a broker
  • Focused expertise in alternative-documentation lending

Cons

  • Smaller and less well-known than the largest lenders
  • State licensing footprint is more limited
  • Foreign-national program availability is not clearly published

Loan Products Offered

Bank Statement LoansSelf-Employed MortgagesNon-QM LoansAsset Depletion Loans1099 Income LoansNo Tax Return MortgagesITIN Mortgages

Eligible Property Types

primary-residencesecond-homeinvestment

Best For

Apply direct (no broker)Non-QM specialistBank statement loansAsset-based qualifying

Compare Newfi Lending

Newfi Lending vs NewrezNewfi Lending vs Northpointe Bank

Newfi Lending Review: Frequently Asked Questions

Is Newfi Lending a legitimate lender?

Newfi Lending is an established lender founded in 2014 and headquartered in Emeryville, CA. It lends nationwide and specializes in bank statement loans, self employed mortgages, non qm loans, asset depletion loans, 1099 income loans, no tax return mortgages and itin mortgages. To verify it for yourself, confirm Newfi Lending's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.

What are the pros and cons of Newfi Lending?

Pros: A non-QM specialist that is genuinely consumer-direct; Bank statement, asset-utilization, 1099, and ITIN programs; Apply online without a broker. Cons: Smaller and less well-known than the largest lenders; State licensing footprint is more limited; Foreign-national program availability is not clearly published.

Does Newfi Lending offer bank statement loans?

Yes. Newfi Lending offers bank statement loan programs that qualify self-employed borrowers using 12–24 months of bank deposits instead of tax returns or W-2s — useful for business owners and 1099 earners with non-traditional income.

What credit score do you need for Newfi Lending?

Newfi Lending's published minimum credit score is 620. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.

What rates and fees does Newfi Lending charge?

Newfi Lending's rates run approximately 7.25%–9.75% with origination fees of 0–2 points, on loans from $100K to $4M (up to 90% LTV). All figures are approximate and subject to change — request a written quote for your scenario.

How fast can Newfi Lending close a loan?

Newfi Lending typically closes in 21–35 days, depending on the loan program, the property, and how quickly you provide documentation.

Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. Self-Employed Lending Hub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.