(Lender rules) Newfi Wholesale (Rainier) · as of Mar 3, 2026
Newfi bank
statement income.
How Newfi Wholesale's published bank statement guidelines turn deposits into qualifying income, and how DepositDesk applies them to your file. Every figure links back to the lender's own document.
(01) The rules
What Newfi publishes.
| Rule | What the published guidelines say |
|---|---|
| Personal statements | 100% of eligible deposits (the business pushes net income to the borrower). Ownership at least 20%, plus 2 months of business statements showing transfers. |
| Business and co-mingled | Fixed 50% expense ratio, or a business expense statement letter (minimum 10%), or a third-party P&L. Net income × ownership ÷ months. Ownership at least 25% (co-mingled: 100%). |
| Large deposits | Any deposit over 50% of the business's average monthly sales. Six or more in 12 months can be treated as consistent. |
| NSF / overdraft | Most recent 12 months. One or more NSFs on a day = 1 occurrence. If any fell in the most recent 3 months, max 3; if none, max 5. |
| Trend | Declining income is ineligible; declining but stabilized may use the most recent 12-month average. |
| Third-party P&L | Deposits must be no more than 15% below P&L revenue; income is the lower of P&L net or deposits, ÷ months. |
Calculated per Newfi Wholesale's published guidelines (Rainier) (as of Mar 3, 2026). DepositDesk is not affiliated with Newfi. Guidelines change without notice; confirm with your Newfi account executive before you quote.
(02) Worked example
The math on a sample file.
$360,000 eligible business deposits over 12 months, 100% owned: × (1 − 50%) ÷ 12 = $15,000 a month. With a 10% expense letter: $27,000.
(03) In DepositDesk
What the worksheet flags.
- Ownership under 25% (business) or 20% (personal)
- NSF occurrences over the 3/5 tolerance
- Six or more large deposits (consistency note)
- Declining trend
The worksheet, CSV and lender PDF all carry the line “Calculated per Newfi Wholesale's published guidelines (Rainier) (as of Mar 3, 2026). DepositDesk is not affiliated with Newfi.” so the underwriter sees which rules you used.
(04) Sources
Read the lender's own documents.
- Newfi Lending Rainier Matrix, effective for locks on/after Feb 19, 2026, rev. Mar 3, 2026 (pp. 17, 29–37)
- Non-QM submission checklist, bank statement
DepositDesk is independent and isn't affiliated with, endorsed by or approved by Newfi Wholesale. Names are used only to identify whose published guidelines are applied.
(05) FAQ
Questions brokers ask.
How does Newfi calculate bank statement income?+
Personal statements: 100% of eligible deposits (the business pushes net income to the borrower). Ownership at least 20%, plus 2 months of business statements showing transfers. Business and co-mingled: Fixed 50% expense ratio, or a business expense statement letter (minimum 10%), or a third-party P&L. Net income × ownership ÷ months. Ownership at least 25% (co-mingled: 100%). Large deposits: Any deposit over 50% of the business's average monthly sales. Six or more in 12 months can be treated as consistent.
Is DepositDesk affiliated with Newfi?+
No. DepositDesk is an independent tool for brokers. It applies Newfi's publicly published rules as of Mar 3, 2026 and links the source documents. The lender's underwriter determines final qualifying income.
How do I run a file with Newfi's rules?+
Open the DepositDesk tool, choose Newfi Wholesale (Rainier) under Lender rules, then drop in the borrower's statements. The worksheet and PDF are labelled with the lender and the guideline date.
(Next step)
Run your next file with Newfi rules.
Pick the lender, drop in the statements, and export a worksheet labelled with the guideline date. Your first file is free; statements never leave your browser.