Aproduct foreveryone.
New American Funding is a one-stop shop that offers loan products for every type of client. No matter how unique a situation, we have the right home loan solution. Some of these options are Non-Qualified Mortgage (Non-QM) loans for self-employed borrowers, programs for first-time homebuyers, as well as loans for savvy real estate investors and those looking for vacation homes.
CONVENTIONAL
Low down payment, convenient monthly payment
USDA
Zero down loans for rural areas
NON-QM
For self-employed borrowers
FHA
Great for first-time homebuyers
JUMBO
Loans up to $4 million
VA
Zero down for those who served our country
DOWNPAYMENTASSISTANCE
Assistance for those who qualify
INTERESTONLY
Gives buyers more control over cash flow.
70.4BILLION
Workwithawinningteam.
Time is valuable, so you’ll want to make sure the prospects looking at your home are able to afford it. Before showing your home, feel free to send the buyers our way to assist with the vetting process. Is the potential prospect already pre-approved with another lender? No worries, we’re here for second opinions too. At times in our industry, things don’t go as planned with your buyers loan with another lender. When this happens, we are here to help. At New American Funding we offer financing options designed to meet your buyer’s needs and get the deal closed quickly.
WhyChooseUs?
In-HouseExpertise
Our dedicated in-house operations team is equipped with the knowledge and commitment to provide top-notch customer service.
CustomerCentricApproach
SpeedyClosings
As a direct lender with fewer overlays, we streamline the process to ensure a fast closing.
Extensive ProductOfferings
Our commitment to customer service means we go above and beyond to keep your transaction on track. Don'tletastalledloanderailyourdeal.Giveusachance–we'vegotyoucovered.
We offer a wide range of products to suit various financial situations, ensuring we can find the right fit for your buyer.
TipstoNegotiate EffectivelyandKnowingly
Before a sale can be finalized, several details need to be worked out, including the price, terms, inspections, possession date, and any buyer concerns or objections. To negotiate effectively, make sure you’re prepared with the following tips.
Research comparable sales to set a realistic price.
JustifyYourPrice
Be prepared with evidence to support your asking price.
Ensure contracts and agreements are legally sound.
Know your limits and be prepared to reject offers that don’t meet them.
Be open to negotiations and counteroffers.
Emphasize unique features and benefits.
Tailor your approach based on what drives the buyer.
Keep emotions in check and focus on your goals.
These points will help you navigate negotiations more effectively.
Leveragea 2-1BUYDOWN toYourAdvantage
New American Funding offers a temporary seller 2-1 buydown that allows your buyers a way to maximize their purchasing power during the initial years of homeownership. A 2-1 buydown allows buyers to benefit from lower payment rates for the first two years of their loan. We can help create marketing materials to promote this!
AdvantagesfortheSeller
Price Protection: Avoid the need for price reductions, ensuring you retain your home's value.
Tax Benefits: The incurred cost may qualify as a tax write-off, potentially saving you money.
Positive Perception: Offering concessions can enhance goodwill during the selling process, creating a positive experience for both parties.
Broader Appeal: Make your home accessible and attractive to a wider pool of potential buyers, a valuable advantage, particularly in a high-interest rate market.
AdvantagesfortheBuyer
Upfront Cost Savings: Enjoy immediate cost savings when acquiring your new home.
Monthly Payment Reduction: Secure a lower interest rate that can translate into more affordable monthly mortgage payments.
Financial Flexibility: Gain the ability to allocate the extra cash towards various homeownership expenses.
Principal Reduction: Any unused funds will be automatically applied to reduce your loan's principal balance, setting you on a path to greater homeownership equity.
UnlockBuyerOpportunities withOurUniqueLendingSolutions
At New American Funding, we understand that every buyer has a unique situation. That’s why we offer tailored lending solutions to meet diverse needs. Our solutions can help you close the deal smoothly and successfully.
1.BuyingBeforeSelling?
We offer flexible financing options through our NAF Cash Program that enable buyers to purchase their new home before selling their current one. This can help streamline the process for your clients and increase the likelihood of closing deals swiftly.
2.BuyerWishingforUpdates?
Our Renovation Loans allow buyers to incorporate the cost of updates into their mortgage. This can make properties with potential more appealing to buyers and help transform them into dream homes.
3.DownPaymentAssistanceNeeds?
We provide a range of in-house and state/community solutions for down payment assistance, making homeownership more accessible and affordable for buyers. This flexibility can assist in closing deals that might otherwise be challenging.
SomeofOurUnique LendingPrograms...
Partnered with New American Funding, NAF Cash helps traditional buyers compete like cash buyers. Enjoy the advantages of cash offers, including faster closing and potential savings.
Multiple programs available, Get up to $8,000 in assistance!* This can be used towards down payment, closing costs, or other upfront expenses. It’s also potentially combinable with other down payment assistance programs.
RenovationLoans
Flexible financing allows you to blend mortgage and renovation costs into one simple loan, so you can move into your dream home and make it your own.
Letusco-host OpenHouses withYOU!
We offer both digital and print materials that highlight your home. In addition, we offer financing options to outline payment scenarios. We also offer farming, day-of open house support, and co-marketing.
Farming for local mailer promotion/awareness
Informational doorhangers for home promotion, open house promotion or any messaging to share with your local neighbors
Not available on all down payment assistance programs. Geographic restrictions apply. NMLS ID #6606.
The advertised loan is a 30-year fixed loan with a 30-year fully amortizing term with a two year seller paid buy down. A portion of each monthly payment for the first 24 months will be prepaid by the seller and held by the lender to supplement the buyer’s required monthly payment. The buyer’s required monthly payment is calculated using an interest rate 2% below the note rate for the first 12 months and 1% below the note rate for the subsequent 12 months. Not available in all states
NAF Cash is fulfilled by NAF Cash LLC MI Real Estate Broker #6502431375, 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 does not originate loans or issue loan commitments and charges a transaction fee that varies by state. Terms and conditions apply. Not all applicants will qualify. Not available in all states. 41050 W 11 Mile Rd, Suite 220, Novi, MI, 48375. Phone 844-344-0531.
Equal Housing Opportunity. This is not a loan commitment or guarantee of any kind. Terms and conditions apply. Subject to borrower and property qualifications. 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. The advertised loan is a 30-year fixed loan with a 30-year fully amortizing term with a two year seller paid buy down. A portion of each monthly payment for the first 24 months will be prepaid by the seller and held by the lender to supplement the buyer’s required monthly payment. The buyer’s required monthly payment is calculated using an interest rate 2% below the note rate for the first 12 months and 1% below the note rate for the subsequent 12 months. Not available in all states. NMLS ID #6606. Washington Consumer Loan Company License #CL6606. License # ML-3547 08/2024