NAF Product Deck | Mike Osborn

Learn how to never say “No” to a loan!

NAF CASH

The New Way For Your Clients To Buy A Home Buying in cash means convenience, certainty, and may mean cost savings too. In fact, buying in cash may help your clients save up to 11% over those using a traditional mortgage.* With NAF Cash, an affiliated company of New American Funding, your buyer can make a competitive, true cash offer that is not contingent on financing and close in as little as seven days. You know what that means for you…

Benefits:

Clients can buy their new home before selling their current home

No fees for agents

Sellers may be more likely to offer concessions to cash buyers

Use potential savings to buy down interest rate

Get commissions quickly

Close on more homes faster

*According to a study from researchers at the University of California - San Diego, cash buyers have paid about 11% less than using a mortgage.

Reher, Michael and Valkanov, Rossen, The Mortgage-Cash Premium Puzzle (September 24, 2021). Available at SSRN: ssrn.com/abstract=3751917 or dx.doi.org/10.2139/ssrn.3751917.

Buying in cash may help your clients save up to

11% over those using a traditional mortgage*

NAF CASH

How It Works It’s easy to get started. Just follow these simple steps to make your client a cash buyer.

1: Get Certified Join a complimentary 45-minute NAF Cash LLC training.

2: Get Your Clients Pre-Approved Get your clients pre-approved with New American Funding!

3: Complete Documents Work with your NAF Cash Transaction Coordinator to submit the required documents.

4: Get Ready to Write Cash Offers Your NAF Cash Transaction Coordinator will notify you once the client has been approved and they can begin making a cash offer.

5: Offer Accepted Close and move in quickly! At this point, you will work closely with your NAF Cash Transaction Coordinator.

H O M E EQ U I T Y LOAN S

Second Mortgage Protect your customer’s low-rate first mortgage while still helping them access their home’s equity.

Give your customers access to funds that allow them to stay in control of their monthly budget.

Our stand-alone mortgage is a creative option that allows for customers to keep their low-rate first mortgage, while still getting the money they need to consolidate more expensive debt, cover college expenses, make home improvements (or any other reason)!

Benefits:

Fixed rate, fixed term, fixed payments

Alternative income documentation allowed

Combined Loan-to-Value: 85%

Loan Amounts: $50,000 — $350,000

O N E -T I M E C LO S E

Help Your Clients Build Their Dream Homes with a Single Loan With a One-Time Close (OTC) loan from New American Funding, the money they need to purchase their property, pay for their home construction, and secure their mortgage is all wrapped up in a single loan.

Features & Benefits:

Single loan is closed up front, before construction begins

Saves money with only one appraisal and one closing

Low down payment options

Gifts or land equity allowed for down payment

One-time approval process

FHA, VA, and Conventional options available

CO N ST R U C T I O N LOA N S

One-Time Close Jumbo Options that Deliver for Your Clients Highlights:

Single application for construction and land

Up to $3 million

85% Loan-to-value (LTV) ratio

Credit score as low as 700

Debt-to-income ratio up to 45%

Primary or secondary properties

30-year adjustable-rate

Construction terms up to 24 months

CO N ST R U CT I O N LOA N S

Reduce Client Reservations We know that concerns about interest rates can make your customers hesitate before building their dream homes.

Now you can help reduce their reservations! Lock in the rate today with a float-down option and if the rates drop during the 12-month rate lock period, the interest rate on their loan adjusts to the lower rate. So, instead of waiting, you can put the wheels in motion for your customer’s dream home today and give them confidence they’ll get the best rate possible!

Program Highlights: Property Types:

Up to 96.5% financing

Single-family

Primary or secondary residence

Auxiliary dwelling units (ADUs)

Minimum credit score of 620

Prefabs

Modular

Up to 50% debt-to-income

One-time close available

Manufactured homes (double and multi-wide)

FHA, VA, or Conventional fixed-rate mortgages Interest-only during construction

CO N ST R U CT I O N LOA N S

Agency Renovation Products:

FNMA HomeStyle® Renovation

FNMA HomeStyle® Energy Mortgage

FHLMC CHOICERenovation®

FHLMC CHOICERenovation eXPress®

FHLMC GreenCHOICE Mortgage®

FHA 203(k) — Standard

FHA 203(k) — Limited

VA — Restoration

Features:

In-House Dedicated Operations Construction & Renovation

Conventional down to 620

FHA down to 580

CO N ST R U CT I O N LOA N S

NAF Reverse NAF Reverse is an established and dedicated division that allows for specialized knowledge and expertise in reverse mortgages. This team enables our retail loan officers with the knowledge adn education to expand their product offerings to older clients. Partnering with NAF Reverse is a golden opportunity for retail loan officers, business partners, and most importantly our NAF Clients to understand the benefits of reverse mortgages. This diverse product allows for older homeowners to take advantage of their home equity as a financial solution in retirement years.

Features:

Benefits:

FHA Insured

Supplemental Income

Reverse for Purchase

Jumbo Reverse

No Monthly Mortgage Payment

Property Options

Improved Non-FHA Condo Products

change “Retain Home Ownership” to “Retain Homeownership”

Flexible disbursement

Tax-Free Proceeds

Non-Recourse Loan

T H I R D PA RT Y O R I G I N ATO RS

NAF Partner Platform (TPO) New American Funding’s Partner Platform was developed to provide local communities with personalized mortgage solutions. We know how much you value your client. When you need additional lending solutions, we want to be your serviceoriented partner who seamlessly gets the job done. Our robust lending platform enables the product suite and sales force you need to meet all of your client’s mortgage needs. We pride ourselves on being an extension of your brand who serves and executes, ultimately bringing your client right back to you.

Features:

Benefits:

Privately-Held & Self-funded

Strong, long-lasting relationships

In-House Dedicated Operations

Construction & Renovation

Expansive product suite

Conventional down to 620

Client experience focused

FHA down to 580

U N I Q U E R AT E P ROT EC T I O N P RO G R A M

Purchase Protection Plus Protect your client by helping them hedge against market volatility by locking the rate. Our Purchase Protection Plus provides your clients the ability to lock in the rate for up to 270 days and it’s transferable. With our Float Down option, your client can lock, shop and float down to a lower interest rate should rates decrease during the lock.

Float-Down Opt-In:

Hold for Transfer:

With our Float Down option, your client can lock, shop and float down to a lower interest rate should rates decrease during the lock.

In the event the buyer is unable to perform, or the property falls out of escrow, you can elect to hold the lock and transfer it to another property for the same borrower.

LOA N P RO D U C T S

Conventional Products FNMA & FHLMC Products:

Standard Fixed / ARMs

HomeReady® Fixed

High Balance Fixed / ARMs

MH Advantage™

Refi Possible®

RefiNow™

Home Possible®

ITIN

Buydown Options

Community Land Trusts

Auxilliary Dwelling Units (ADUs)

Energy Efficient Mortgages

Features:

Underwrite to AUS, no overlays Full condo approval department

Aggregator / Investor

Manufactured Homes

LOA N P RO D U C T S

Pathway to Homeownership Product Suite Features:

Down Payment Assistance

Up to $8,000 in grant funds

Non-Repayable Grant Fund Options

3.5% and 5% in DPA Funds

Buydown Options

Repayable DPA Programs

LOA N P RO D U C T S

FHA Products Products:

FHA Standard Fixed

FHA High Balance Fixed

FHA Standard Streamline Refinance Fixed FHA High Balance Streamline Refinance

Fixed

FHA No FICO

FHA 203(h)

FHA 203(h)(k)

FHA Section 184

FHA NAF-NAF Streamline Refinance

Manufactured Homes

Buydown Options

Features:

Credit Score down to 500

No Credit Score Option

Disaster Relief

DACA Borrowers

AUS 580+ Manual down to 500

GOVE R N M E N T P RO D U CT S

VA Products Products:

VA Standard Fixed

VA High Balance Fixed

VA Standard IRRRL Fixed

VA High Balance IRRRL Fixed

VA NAF-NAF IRRRL Fixed

Manufactured Homes

Buydown Options

Up to 100% LTV

Refi up to 100%

Features:

Credit Score down to 500

No Credit Score

Texas Veteran Land Board (TVLB)

GOVE R N M E N T LOAN S

USDA Loan Products Products:

USDA Standard Fixed

USDA High Balance Fixed

USDA Streamline Assist

USDA Section 502

Pilot Program

USDA Streamline Refinance

Features:

580 Credit Score

Manufactured Homes

Streamline Options

Buydown Options

Section 502 Pilot

H FA / DPA

HFA, DPA, and Community Seconds Products:

Chenoa National Program

Multi-State Community Seconds program

DPA products in every state we lend

30+ States with City/ County/Metro DPA

30+ States with Multiple HFAs

20+ States with MCC Programs

Features:

No Overlays

JU M B O LOAN S

Jumbo QM & Non-QM Products Products:

Jumbo Fixed / ARMs

AUS Express — Multiple

P&L Programs: Multiple

Jumbo Interest Only

12-Month 1099 Income

Jumbo Fixed Asset Qualifier

12-Month Bank Statement — Multiple

Programs — Multiple

Debt-Service Coverage Ratio

(DSCR) — Multiple

Jumbo Fixed AUS Express

Asset Qualifier / Utilization

24 Month Bank Statement — Multiple

No Ratio / Asset Qualifier — Multiple

Features:

Loans to $5 million

AUS Options

20 Financed Properties

Non-Warrantable Condos

LTV as High as 90%

40-Year Terms

Asset Usage

Condotels

Credit Score as low as 620

First-Time Homebuyers

Non-Traditional Income

DTI as High as 50%

Buydown Options

Debt Service Coverage: 0.75-1.25

H O M E EQ U I T Y LOA N S

HELOC & HELOAN Products Products:

6+ Options

HELOC

Closed-End Fixed Rate

Features:

1st or 2nd Lien

Piggyback and Standalone

Loan Amount to $750,000

CLTV to 95%

Credit Score as low as 640

DTI as High as 50%

OT H E R P RO D U CT S

Broker Products Products:

More than 2 Dozen Lenders

More than 100 Programs

Features:

Asset Qualifiers

Title In Entity

Asset Qualifiers / No Ratio

Foreign Nationals

ITIN

Cross Collateralization

Land Loans

Large Acreage

12-Month Bank Statement 24-Month Bank Statement

12 Month P&L Options

1031 Exchange

12 Month 1099 Options

VOE Only Options

Non-Warrantable Condo

Condotel

Unique Properties

Bridge Loans

Debt-Service Credit Ratio (DSCR) to .75

DSCR w/ Short-Term

Rental ok

Thank You! Mike Osborn Loan Consultant | NMLS # 1475315

310-944-5674 Mike.Osborn@nafinc.com

naf.com/mikeosborn .

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act NAF Cash is fulfilled by NAF Cash, LLC, an affiliated real estate company of New American Funding that is managed and operated in compliance with applicable legal and regulatory requirements.NAF Cash, LLC. MI Real Estate Broker #6502431375. NAF Cash, LLC does not originate loans or issue loan commitments.NAF Cash, LLC charges a Transaction Fee of 1.5%-3.5% of purchase price for its service (fee varies by state).Terms and conditions apply, not available in all states. 41050 W 11 Mile Rd, Ste 220, Novi, MI, 48375. Phone 844-344-0531. Equal Opportunity Employer © 2023 New American Funding, LLC. All Rights Reserved. Corporate Office: 14511 Myford Rd, Ste 100, Tustin, CA 92780 Phone: 800-450-2010. 10/2023. Last Updated: 11/20/23