It’s easy to get started. Just follow these simple steps to make your client a cash buyer!
STEP 1: GET CERTIFIED
Join a complimentary 45 minute NAF Cash LLC training session.
STEP 2: GET YOUR CLIENTS PRE-APPROVED
Get your clients pre-approved with New American Funding!
STEP 3: COMPLETE DOCUMENTS
Work with your NAF Cash Transaction Coordinator to submit the required documents.
STEP 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.
STEP 5: OFFER ACCEPTED
Close and move in quickly! At this point, you will work closely with your NAF Cash Transaction Coordinator.
HOME EQUITY LOANS
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)!
PROGRAM HIGHLIGHTS:
• Fixed rate, fixed term, fixed payments
• Alternative income documentation allowed
• Combined Loan-to-Value: 85%
• Loan Amounts: $50,000 — $350,000
One Closing. So Many Benefits.
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
ONE-TIME CLOSE
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:
• Up to 96.5% financing
• Primary or secondary residence
• Minimum credit score of 620
PROPERTY TYPES:
• Single-family
• Auxiliary dwelling units
• Prefabs
• Modular
• FHA, VA, or Conventional fixed-rate mortgages
• Interest-only during construction
• Up to 50% debt-to-income
• One-time close available
• Manufactured homes (double and multi-wide)
AGENCY
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
AGENCY LOANS
NAF Reverse
NAF is well-versed in reverse mortgages, and our Reverse division is a highly experienced and dedicated team that works closely with loan officers to present this product to older customers. Joining forces with NAF Reverse gives our retail loan officters, business partners, and clients the opportunity to learn more about the benefits of reverse mortgages. This type of mortgage gives senior citizens the ability to use their home equity as a financial source in retirement.
FEATURES:
• FHA Insured
• Reverse for Purchase
• Jumbo Reverse
BENEFITS:
• Supplemental Income
• No Monthly Mortgage Payment
• Retain Homeownership
• Property Options
• Improved Non-FHA Condo Products
• Flexible disbursement
• Tax-Free Proceeds
• Non-Recourse Loan
THIRD PARTY ORIGINATORS
NAF Partner Platform (TPO)
New American Funding’s Partner Platform was designed to offer local communities tailor-made mortgage solutions. We understand how important your clients are and we’re committed to providing the top-notch service you require when looking for additional lending solutions. Our comprehensive lending platform is equipped with the tools and personnel you need to fulfill all your clients’ mortgage needs. We pride ourselves on being an extension of your brand that serves and executes with the goal of ultimately bringing your clients back to you.
FEATURES:
• Privately-Held & Self-funded
• Strong, long-lasting relationships
• Expansive product suite
• Client experience focused BENEFITS:
• Personalized mortgage solutions
• Make homeownership accessible
• Better serve your community
• Provide real-world solutions
UNIQUE RATE PROTECTION PROGRAMS
Purchase Protection Plus
Protect your clients from the changes in the market by locking in their rate. Our Purchase Protection Plus provides clients with the option to lock in the rate for up to 270 days and allows them to transfer it. Our Float Down option is a great way to help your clients protect their investment and allows them to get the most out of their loan.
FLOAT DOWN OPT-IN
With our Float Down feature, clients can lock in their rate, shop around, and take advantage of a lower interest rate if rates dip during the lock.
HOLD FOR TRANSFER
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.
