1st Nationwide Mortgage vs Newfi Wholesale
What each lender publishes about financing short-term rentals, side by side. 1st Nationwide Mortgage: 42 states/dc listed. Newfi Wholesale: licensed in 49 states/dc.
The short version
- Both accept STR history or a projection.
- Both publish a 640 minimum credit score.
- 1st Nationwide Mortgage has the higher max purchase LTV (80% vs 75%).
- Both publish a 75% max cash-out LTV.
- 1st Nationwide Mortgage has the lower minimum loan ($100K vs $125K).
- Both publish a 1.00 minimum DSCR.
- 1st Nationwide Mortgage does not publish a policy on first-time investors; Newfi Wholesale allows them.
Based only on published figures, checked Oct 19, 2026. Published maximums usually need top credit. Confirm with the lender.
| Term | 1st Nationwide MortgageMortgage company | Newfi WholesaleWholesale |
|---|---|---|
| STR income method | Either Lender sources · checked Oct 18, 2026 | Either newficorrespondent.com · checked Oct 19, 2026 |
| STR income details | 12 months of actual Airbnb/VRBO/PMS income is standard; under 12 months can combine partial actuals with an AirDNA projection. See lender sources | 12-month history: 12-month lookback, 80% of gross receipts. Projection: Purchases: 1007 STR, AirDNA Rentalizer (score/occupancy minimums) or rental data, at 80%; experienced investors only. STR min DSCR above 1.00. STR max LTV 75%. newficorrespondent.com · checked Oct 19, 2026 |
| Min credit score | 640 1stnwm.com · checked Oct 19, 2026 | 640 newfiwholesale.com · checked Oct 19, 2026 |
| Min DSCR | 1.00 1stnwm.com · checked Oct 19, 2026 | 1.00 newfiwholesale.com · checked Oct 19, 2026 |
| DSCR below 1.0 | Yes 1stnwm.com · checked Oct 19, 2026 | No newfiwholesale.com · checked Oct 19, 2026 |
| No-ratio option | Not published | No newfiwholesale.com · checked Oct 19, 2026 |
| Max LTV (purchase) | 80% 1stnwm.com · checked Oct 19, 2026 | 75% newfiwholesale.com · checked Oct 19, 2026 |
| Max LTV (cash-out/refi) | 75% 1stnwm.com · checked Oct 19, 2026 | 75% newfiwholesale.com · checked Oct 19, 2026 |
| Min loan | $100K 1stnwm.com · checked Oct 19, 2026 | $125K newfiwholesale.com · checked Oct 19, 2026 |
| Max loan | $1.5M 1stnwm.com · checked Oct 19, 2026 | $3M newfiwholesale.com · checked Oct 19, 2026 |
| Prepayment | Not published | 1-5 years: 6 months' interest, fixed 5%, or 5/4/3/2/1 step-down; not allowed in AK, DC, IL, MD, MI, MS, NM, RI, VT newfiwholesale.com · checked Oct 19, 2026 |
| Reserves | Not published | 3 months PITI up to $1.5M; 6 months above $1.5M; 9 months above $2M; novice investors 6 months; STR under 60% occupancy needs 9 months; loan proceeds may count newfiwholesale.com · checked Oct 19, 2026 |
| States served | 42 states/DC listed DSCR footprint: 41 states + DC. Its STR page says it does STR DSCR in most states where it originates DSCR, so confirm for your state. 1stnwm.com · checked Oct 19, 2026 | Licensed in 49 states/DC Licensing page (Nexera Holding LLC dba Newfi) lists 48 states + DC; site is not approved for use in New York. DSCR footprint is not itemized separately. newfi.com · checked Oct 19, 2026 |
| First-time investors | Not published | Yes Lender sources · checked Oct 18, 2026 |
| Channel | Mortgage company | Wholesale |
| Last verified |
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Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.