LendingSolutionsfor NewConstruction
Prepared By:
Mike FrankRegional Sales Manager | NMLS# 328707
AproposalforParadiseLandDevelopers
About BuiltforNow AndfortheFuture
NAFisprivatelyowned,unlikebigbanksandotherlargemortgage companies.ThisallowsNAFtobenimbleandmovequicklyinadjusting strategytocountermarketconditions,withoutconsultingshareholders orinvestors.
NAFprovidesitscustomers,loanofficers,andpartnerswithanexperience thatisbuiltondecadesofmortgageexpertiseallwhilemaintainingthe communityfeelthatseparatesNAFfromallotherlenders.
#14 TopRetailLender InTheNation* *Basedon2021HMDAdatafromComplianceTechsLendingPatternsHMDAsoftware#14TopRetail Lenderisonlyforindependentmortgagebankinglendersanddoesnotincludebanksandcreditunions
We’re Local
CA AZ NV
BullheadCity Goodyear Phoenix Scottsdale Tucson Elko Fallon Henderson LasVegas
Reno
NAF MID-PACIFIC LOCATIONS
Burlingame Danville LosGatos Redding RedBluff Roseville
Pahrump
Sacramento SantaRosa Stockton Tracy WalnutCreek
Whywearea GreatFitfor HomeBuilders
Wehavethepeople,products,and resourcestohelpyousellmorehomes.
New Construction Highlights
Experienced,dedicated builderlendingteam
DedicatedSales fulfillmentandpartners
Consumerfriendly digitalapp
FannieMae,Freddie MacandGinnieMae
Seller/Servicer
Non-warrantable condoandreduce presaleallowance
Extendedratelocksup to270dayswithfloat downoption
ForwardCommitments
Builderappraisalminipanels
EscrowHoldbacks
CondoProjectreview/approval services
CreativeProductSolutions
Abilitytoturncontingent buyersintocashbuyers withNAFCash
JumboLoans
FullSuiteofNon-QM/Niche Products,includingNo incomeverification
TemporaryandPermanent buydowns
OneTimeCloseLoan
DownPayment AssistancePrograms
FHALendingto500\VANo FICORequirement
ManufacturedHomeLoans
OpeningMoreDoorsForFutureBuyers ConventionalProducts
FNMA&FHLMCPRODUCTS:
•StandardFixed/ARMs
•HighBalanceFixed/ARMs
•RefiPossible®
•HomePossible®
•HomeReady®Fixed•
MHAdvantage™
•RefiNow™
FEATURES:
•UnderwritetoAUS,nooverlays
•Fullcondoapprovaldepartment
•Aggregator/Investor
•ManufacturedHomes
•ITIN
•BuydownOptions
•CommunityLandTrusts
•AuxilliaryDwellingUnits(ADUs)
•EnergyEfficientMortgages
FHAProducts
PRODUCTS:
•FHAStandardFixed
•FHAHighBalanceFixed
•FHAStandardStreamline
•RefinanceFixed
•FHAHighBalance StreamlineRefinanceFixed
FEATURES:
•CreditScoredownto500
•NoCreditScoreOption
•DisasterRelief
•DACABorrowers
•FHANoFICO
•FHA203(h)
•FHA203(h)(k)
•FHASection184
•FHANAF-NAF
•StreamlineRefinance
•ManufacturedHomes
•BuydownOptions
•AUS580+
•Manualdownto500
Theseproductsfeaturenoorlowficorequirementsand nooverlaysforasmoothertransaction.
VALoanProducts
PRODUCTS:
•VAStandardFixed
•VAHighBalanceFixed
•VAStandardIRRRLFixed
FEATURES:
•CreditScoredownto500
•NoCreditScore
•TexasVeteranLandBoard(TVLB)
•VAHighBalanceIRRRLFixed
•VANAF-NAFIRRRLFixed
•ManufacturedHomes
•BuydownOptions
•Upto100%LTV
•Refiupto100%
USDALoanProducts
PRODUCTS:
USDAStandardFixed
•USDAHighBalanceFixed
•USDAStreamlineRefinance
FEATURES:
•580CreditScore
•StreamlineOptions
•Section502Pilot
•ManufacturedHomes
•BuydownOptions
•USDAStreamline-Assist
•USDASection502
•PilotProgram
MHAdvantageTM
ForManufactured HomesandCrossMods
MHAdvantage™isaflexiblemortgageproductthatoffers affordablefinancingformanufacturedhomeswithsite-built characteristics.
Withhigherloan-to-valueratiosandreducedpricing,this programisdesignedtoexpandaccesstohomefinancing solutionsforlow-moderateincomeborrowers.
In 2023, NAF funded over $200million in manufacturedhomes.
ProductSpotlight
MHAdvantageProgramHighlights
Minimum620creditscore
FixedRateandAdjustable LoanOptionsAvailable
HomeownerCounseling NotRequired
Appraisalincludessite builthomestohelpretain equityovertime
HomeandLandmustbe classifiedasrealproperty (nolandtrusts) FollowsFannieMae’sloan limitspercounty
Note:Homemustmeetcertainqualityrequirementsandcertificationstobeeligible
TM
ProductSpotlights NOmortgagecontingency Closeontime Nobuyer-sidedelays LookingForMore CashOffers? TurnYourBuyersIntoCashBuyers Buyingincashmeansconvenienceandcertainty NAFCashwill purchaseyourbuyer'shomewithcashandsellitbacktothem! WithNAFCash,anaffiliatedcompanyof NewAmericanFunding,yourbuyercanmakeacompetitive, truecashofferthatisnotcontingentonfinancing! ProgramHighlights Buyeravoids multiplemoves Buyercanpurchasetheir newhomebeforeselling theircurrenthome Freeuptimetoclose morehomes!
LookingforMore CreativePayment Solutions?
NAFhasseveralratebuydown optionsavailable.
1-0–Reduceyourinterestrateby1%forthefirstyearoftheloan.
1-1–Reduceyourrateby1%forthefirsttwoyearsoftheloan.
1-1-1–Reduceyourrateby1%forthefirstthreeyearsoftheloan.
2-1–Reduceyourrate2%inyearone,and1%inyeartwo.
3-2-1–Reduceyourrate3%inyearone,2%inyeartwo, and1%inyearthree.
YourClient’s ExperienceMatters
AtNewAmericanFundingwehelp keepourloanofficers&partnerstopofmind withapowerfulmarketingtool–
ThePostCloseCampaign
HowItWorks
NewAmericanFundingclientsare automaticallyopted-intoour extensivePost-CloseCampaign wheretheywillreceivecards,emails &mortgagestatementsallforour loanofficers!
CampaignHighlights
Campaignrunsforbothborrower andco-borrower(ifapplicable).
Ifthereisarealestateagentassociated totheloan,emails,cardsand statementswillbeco-branded.
Campaigncontinuesforthelifeof theloan.
NAFservicesover98% ofloansin-house
WhoWe WorkWith
Wehaveextensiveexpertiseinthebuilderbusinessandhave successfullycollaboratedwithrenownedbuildersthroughout theMid-Pacificregion.
WoodsideHomes
TheNewHomeCompany
BlueMountainCommunities
AnthemProperties
SignatureHomes
SheaHomes
CenturyCommunities
Seeno/DiscoveryHomes
DavidonHomes
CA AZ
TollBrothers
CenturyCommunities
TheNewHomeCompany
WoodsideHomes
NV
BeazerHomes
Seeno/Discovery
KBHome
KavisonHomes
MerwinHomes
Pulte/AmericanWest Homes
SignatureHomes
StorybookHomes/Toll Brothers
Mike Frank Regional Sales Manager NMLS # 328707 Ifyouhavequestionsabout anythingoutlinedinthis presentation,pleaseletmeknow. 916-214-5577 mike.frank@nafinc.com nafhomes.com/mikefrank Equal Housing Opportunity. This is not a loan commitment or guarantee of any kind. Terms and conditions apply. Subject to borrower and property qualifications. Home must meet certain quality requirements and certifications to be eligible for MH Advantage. Different buydowns carry different costs and are available on specific loan products. Not all applicants will qualify. Rates and terms are subject to change without notice. All mortgage loan products are subject to credit and property approval. © New American Funding, LLC. NMLS #6606. nmlsconsumeraccess.org. Corporate office 14511 Myford Rd., Ste 100, Tustin, CA 92780. Phone: (800) 450-2010. Not intended for distribution to consumers as defined by Section 1026.2 of Regulation Z which implements the Truth-In-Lending Act. This information is to inform the real estate industry only and is not marketing material to be provided to consumers. NMLS ID #6606. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. 02/2024 ThankYou