(855) 307-0924
Not for use by New York borrowers
(855) 307-0924
Not for use by New York borrowers
New American Funding Announces New Mortgage Programs for Self-Employed & Non-Traditional Income Borrowers
National Mortgage Lender Offers Non-QM Loans
TUSTIN, CA, April 9, 2019 – National Mortgage Lender New American Funding, announces today the launch of a new home loan program, Non-Qualified Mortgage (Non-QM). This loan program fills a growing demand of credit worthy borrowers who are self-employed, have non-traditional incomes, have assets and no income, or have had difficulty qualifying for a traditional mortgage.
“We’re dedicated to making sure everyone has an equal opportunity to achieve the American dream,” said Rick Arvielo, CEO of New American Funding. “At New American Funding, we’re excited to offer more options to a more diverse set of consumers and help them through the homeownership process.”
Non-QM loans provide purchase or refinance opportunities for individuals that don’t have traditional, full-time employment or income-verification documentation.
The Non-QM home loan can fill the niche for those who don’t necessarily fit into the “qualified-mortgage box.” This loan can be customized and use alternate methods of income verification to help the borrower get approved for a mortgage.
Personalized Lending Solutions
SELECT YOUR LOAN TYPE >
Purchase
Refinance
Self EmployedIncome sources consist of:
- Self-employed
- Fluctuating and non-traditional incomes
- Workers with fluctuating income
- Qualifying assets, but no income
- Alternative income verification methods accepted
- Second homes and investment properties may be eligible
Ways for borrowers to prove their income or assets for a Non-QM loan include:
- Full Documentation
- One-Year Tax Return Program
- Bank Statement Program (6 or 12 months)
- Asset Depletion/Asset Qualification
The Non-QM loan can be used for a rate-and-term refinance, a cash out refinance, or a new home purchase for owner-occupied, second homes or investment homes.
A New American Funding Loan Officer can assess your individual employment, asset and income profile to determine if this product is right for you.
To get started or to learn about how a Non-QM loan might be the right home financing solution for you, please visit newamericanfunding.com
What are Self Employed Mortgages?
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Home Loans for the Self-Employed
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Qualify Using Alternate Methods of Income Verification
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Buying a Home with Non-Traditional Income Verification
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A Different Kind of Mortgage Company
Homeownership for the Self-Employed Just Got Easier
Serving Homeowners for Over 15 Years
About New American Funding
New American Funding is a family-owned mortgage lender with a servicing portfolio of over 115,000 loans for $28 billion, approximately 205 branches, and about 3,000 employees. The company offers several niche products, and has made Inc. 5000’s list of Fastest-Growing Companies in America five times.
MEDIA CONTACT:
Jennette Landrum, EVP of Marketing
New American Funding
1-800-450-2010
[email protected]
ADDITIONAL RESOURCES
New American Funding NMLS ID#6606. State Licensing. Conditions and restrictions apply. Not all applicants will qualify. All products are not available in all states. Loan Programs are offered by Broker Solutions Inc. dba New American Funding. Corporate Office: 14511 Myford Road, Suite 100, Tustin, CA 92780.