ABOUT AUM Growth Strategies
AUM Growth Strategies (AUMGS) is a financial advisor focused firm with the mission to help advisors deepen and grow their existing clients as well as attract new clients (organic growth) through the use of various financial and lending solutions. The principals each have 25+ years in banking, lending, boutique M&A, and positioning solutions with advisors and their clients.
The founders bring extensive experience having built businesses within firms such as Merrill Lynch, Bank of America, Morgan Stanley, and Goldman Sachs. AUMGS has partnered with several “bestin-class” providers and can offer a wide range of financial solutions including residential mortgage lending, commercial lending, securities-based lending, commercial real estate finance, and boutique investment banking
ABOUT
New American Funding
New American Funding (NAF) is a privately-owned mortgage lender that has been in business for over 21 years. As a private company, we have the advantage of being able to make quick adjustments to our strategies without needing to consult shareholders or investors. Along with our $1.2 billion warehouse line position, which allows for multiple turnovers in a month, funding is never an issue. This flexibility allows us to adapt to market conditions efficiently.
Our nationwide presence and size provide excellent economies of scale. This means that we can handle a high volume of loans efficiently and effectively. Whether it's a purchase or refinance, NAF is known for its expertise and ability to close in less than two weeks.
We also lead with our customer service. This recognition highlights NAF's commitment to providing exceptional customer service and building lifelong relationships with our customers. This is further evidenced by our over 315,000+ positive reviews on Experience.com. We also service about 90% of our loans, which equates to approximately $70 billion in servicing.
Because our focus is solely on being a mortgage lender, we do not compete with our referral partners. This means we can fully dedicate our resources and expertise to providing the best mortgage solutions to our customers while you help your clients with their wealth management
NAF Cash, an affiliate of NAF, offers a unique solution for homebuyers by allowing them to purchase a home in cash. Buying a home in cash provides added security for sellers and simplifies the homebuying process for all parties involved This increased buying power can also improve the chances of securing the desired home in a competitive market.
PRODUCTS
• Conventional loans require a minimum credit score of 620 and offer down payment options as low as 3%.
• VA loans require a minimum credit score of 620. The unique benefit of VA loans is that they offer a 0% down payment option, making homeownership more accessible for qualified veterans.
PROCESS
1. Get Preapproved:
Start by applying. A loan officer will review your application and underwrite it, allowing you to begin shopping for your dream home.
2. Submit an All-Cash Offer:
Once you find the home you want to purchase, NAF Cash will submit an all-cash offer to the seller on your behalf.
3. NAF Cash Purchases the Home:
If your offer is accepted, NAF Cash will purchase the home for you using a lump sum payment, eliminating contingencies.
4. Move into Your Home:
With the home now purchased, you can move in and start enjoying your new property.
5. Purchase the Home from NAF Cash: Finally, you will buy the home from NAF Cash using lender financing provided by New American Funding.
Asset Qualifier
Our Asset Qualifier offers flexibility and options for individuals with substantial assets but unconventional income sources. Instead of relying solely on traditional income verification, you can qualify using your liquid assets, such as savings, CDs, investments, and retirement accounts.
HIGHLIGHTS
• With as little 10% down payment , you can secure financing with a smaller upfront investment.
• Our programs cover a range of property types, including condos, condotels, and 1–4-unit properties that can be used for a primary residence, second home, or investment property.
• A higher debt-to-income ratio, up to 50% can accommodate individuals with higher levels of debt or unique financial circumstances.
• Loan amounts up to $4 million and a minimum credit score of 640. We offer fixed-rate, adjustable-rate, and interest-only options that provide flexibility for purchasing or refinancing properties in higher-priced markets.
Debt Service Coverage Ratio (DSCR)
NAF understands that traditional income verification methods may not accurately reflect the financial capabilities of investors looking to purchase or refinance investment properties.
Instead of relying solely on W-2 or tax returns, leverage the expected income of the purchase property to qualify. Our DSCR program is available to seasoned investors and those who are first-time investors.
HIGHLIGHTS
• Diversify your investment portfolio and choose the property type that aligns with your investment goals. Eligible property types include single-family residences, condos, condotels, and 1–4-unit properties.
• With as little as a 20% down payment , you can leverage your investment capital while still maintaining a level of equity.
• We offer fixed-rate, adjustable-rate, and interest-only options that provide flexibility for purchasing or refinancing properties in higher-priced markets.
• Purchase, Refinance, or Cash-Out Refinance: Whether you're looking to acquire a new investment property, refinance an existing property, or access the equity through a cash-out refinance, our programs offer flexibility to meet your investment needs.
• Loan amounts up to $3.5 million and a minimum credit score of 620. This higher loan limit provides flexibility for purchasing or refinancing properties in various price ranges.
Bank Statements
If you’re self-employed, NAF’s Self-Employed Bank Statement Mortgage may be suitable for you. Instead of relying solely on traditional income documentation, such as tax returns, this program allows you to qualify based on your personal or business bank statements or profit & loss statement (P&L).
This is particularly beneficial for self-employed individuals who may have fluctuating income or unique financial circumstances.
HIGHLIGHTS
• With as little 10% down payment , you can secure financing with a smaller upfront investment.
• Different qualification options based on your unique needs.
• 12 or 24 months of personal bank statements options.
• 12 or 24 months of business bank statements options.
• 12- or 24-month P&L options.
• Loan amounts up to $4 million and a minimum credit score of 660 Offering fixed-rate, adjustable-rate, and interest-only options to purchase a new home, refinance an existing property, or access equity through a cash-out refinance. Our program can cater to your financing needs.
• This program is available for primary residences, second homes, and investment properties
Jumbo Home Loans
If you're ready to expand your real estate portfolio and looking for financing options, NAF’s Jumbo Home Loans can help you diversify your real estate portfolio and choose the property type that aligns with your investment strategy. Available for primary residences, secondary homes, and investment properties.
• Loan amounts up to $4 million and a minimum credit score of 620 allow you to invest in higher-priced properties and grow your real estate empire.
• Secure financing with as little as 10% down and a debt-to-income ratio of up to 50% , allowing you to manage your existing debts while still qualifying for the loan.
• Our cash-out refinancing option allows you to access up to 80% of the equity in your properties for other investment opportunities or personal needs.
• Flexible documentation alternatives, such as bank statements, 1099 forms, asset verification, and debt-service coverage ratio (DSCR) can be used to qualify for our Jumbo Home Loans.
• Available for a variety of property types, including 1–4-unit single-family homes, condos, modular homes, and townhomes that can be used as primary, secondary, or investment properties.
