Our Commitment to Serving the Underrepresented
About NAF
New American Funding (NAF) is one of the nation’s top mortgage lenders. Celebrating its 20-year anniversary in 2023, the company is proudly privately-owned, focused on innovation, and built to last.
NAF is an industry leader in culture, dedication to service, and lending to underrepresented communities.
90%
The company originates billions in loans each year and services over 90% of its own loans, allowing diverse revenue streams, customer loyalty, and successful navigation of market conditions.
NAF boasts an extensive line of loan programs as diverse as its clients, with competitive rates and industry-leading turn times.
NAF is committed to reducing homeownership disparities and increasing homeownership among underrepresented communities across America
New American Funding is the nation’s largest home loan company, founded by a Latina Co-founder and CEO, Patty Arvielo.
Through Latino Focus, the company identifies and addresses the challenges of Latino consumers in their pursuit of homeownership and to enhance the quality of their lending experience. Utilizing education and awareness, Latino
Focus aims to lift the community and build generational wealth through homeownership.
NAF is also dedicated to hiring a workforce that reflects a range of racial and ethnic backgrounds, with over 38% of its employees identifying as part of diverse communities. And their commitment goes even further.
NAF is committed to funding $10 billion in new loans to the Latino community by 2028.
38%
Diverse workforce
$10 BILLION
in home loans to the Latino community by 2028.
Increased Hispanic lending by 1.6% in 2023
Latino Focus Leadership
Patty Arvielo
Patty Arvielo is the Co-Founder and CEO of New American Funding, one of the largest independent mortgage lenders in the nation. As a first-generation Latino-American, Patty’s humble beginnings influenced her goals and fueled her determination, a combination that led to many leadership roles.
Now with over 40 years of industry experience, she is a popular keynote speaker at mortgage events and is influential in helping diverse communities get equal opportunities in the housing market.
Homebuying Programs
Pathway to Homeownership
Everyone deserves the chance to build wealth by owning their own home. With the Pathway to Homeownership program, first time homebuyers, in select areas, may be eligible for up to $6,000* in down payment and closing cost assistance!
NAF Cash, an affiliated company of New American Funding***, can turn your clients into cash buyers and put them in a great position to secure their dream home, even in a competitive market, and maybe under the asking price. Buying in cash could help homebuyers save up to 11% more than those using a traditional mortgage****
If your client’s credit score isn’t quite high enough to qualify for a loan, NAF has partnered with Uqual, a loan readiness program. Uqual helps potential homebuyers through the necessary steps towards financial wellness and raising their credit score. And once their loan ready, NAF can assist with the loan process.
*Due to maximum seller concession rules, discount can be less than $6,000 in some cases where other concessions have been made to the consumer. This is not a loan commitment or guarantee of any kind. All mortgage loan products are subject to credit and property approval.
**If rates change, you may qualify for a refinance loan with New American Funding. New American Funding will cover the cost of an appraisal up to $500. Applicants are responsible for any amount in excess of $500. To qualify the client will be required to provide a complete application, submit requested documentation, and have their credit pulled. Refinance offer is available after six (6) payments have been made on the original purchase loan. Terms and conditions are subject to change without notice. Due to maximum seller concession rules, discount can be less than $500 in some cases where other concessions have been made to the consumer. Contact your loan officer for more information. By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
***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. Terms and conditions apply, not available in all states. 41050 W 11 Mile Rd, Suite 220, Novi, MI, 48375. Phone 844-344-0531. Subject to borrower and property qualifications. Not all applicants will qualify. Terms and conditions are subject to change without notice. Loan products offered by New American Funding, LLC. dba New American Funding. NMLS ID #6606 © New American Funding, LLC. New American and New American Funding are registered trademarks of New American Funding, LLC. All Rights Reserved. Corp Office 14511 Myford Rd, Ste 100, Tustin, CA 92780. Ph 800-450-2010.
****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