Newfi Lending · Lender
Newfi Lending
Review published mortgage options and requirements, then request a personalized quote from the lender.
Availability: This website is not approved for use in the state of New York. Lending in 47 states is stated without an explicit list; supported-state codes remain unknown.
At a glance
- Property use
- Investment property
- Credit requirement
- Minimum Credit Scores: As Low as 640
Still to confirm: Borrower type, Reserves.
Our take: Pros & Cons
What we like
- Published income documentation options include bank statements, full documentation, 1099s and P&L statements.
- Self-employed loans support primary homes, second homes and investment properties.
- Purchase and refinance options are described on the official program page.
What to consider
- The program overview states minimum credit scores as low as 640; approval is not guaranteed.
- The overview lists purchase and rate-and-term refinance LTV up to 90% and cash-out refinance up to 80%, scenario dependent.
- This website is not approved for use in New York.
AI-generated lender-level assessment based on published information. Not a verified assessment of Mortgage for Self-Employed Borrowers: Bank Statements or 1099 Income — Investment property; confirm program-specific conditions below.
Additional lender considerations
- Request a lender quote for current rate, APR, costs and scenario-specific terms.
Newcomer requirements
Mortgage for Self-Employed Borrowers: Bank Statements or 1099 Income — Investment property
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Minimum credit score
- Minimum Credit Scores: As Low as 640
- Income documentation
- Income Documentation Options: 12–24 months bank statements, 1 year full doc (most recent), 2 years of 1099, or profit and loss (P&L) statements
- Occupancy
- Investment property
View full lender requirements
- Minimum credit score
- Minimum Credit Scores: As Low as 640
- Income documentation
- Income Documentation Options: 12–24 months bank statements, 1 year full doc (most recent), 2 years of 1099, or profit and loss (P&L) statements
- Occupancy
- Investment property
- Other conditions
- Loan-to-Value (LTV): Purchase up to 90%, Rate & Term Refinance up to 90%, Cash-Out Refinance up to 80% (scenario dependent)
Questions to confirm with the lender (13)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Minimum down payment
- Employment documentation
- Foreign income
- Foreign assets
- Reserves
- State restrictions
- Property restrictions
Requirements last reviewed: Oct 27, 2026 · Official requirements source
Rates and costs
Mortgage for Self-Employed Borrowers: Bank Statements or 1099 Income — Investment property
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
Mortgage for Self-Employed Borrowers: Bank Statements or 1099 Income — Investment property
- Income Documentation Options: 12–24 months bank statements, 1 year full doc (most recent), 2 years of 1099, or profit and loss (P&L) statements
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
Newfi offers self-employed mortgage options using bank statements, 1099 income or other published documentation pathways for purchase and refinance of primary homes, second homes and investment properties. Qualification and LTV limits depend on the scenario.
Legal lender: Newfi Lending, a division of Nexera Holding LLC
Lending channel: Direct lending
Provider type: Mortgage company
Lending channels: Direct lending. Origination status: Not stated.
NMLS identifier: 1231327
More lender directory information
Direct application information ↗
This website is not approved for use in the state of New York. Lending in 47 states is stated without an explicit list; supported-state codes remain unknown.
Directory verified: 2026-10-27 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 27, 2026
- Official lender source · Last checked Not confirmed
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.