Who owns American funding?

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Rick and Patty Arvielo
New American Funding is privately owned by husband-and-wife duo, Rick and Patty Arvielo, who have expanded the company into one of the fastest-growing mortgage lenders in America. Even though the company is headquartered in Orange County, it has more than 130 nationwide branches in 20 states.

What bank does New American Funding use?

Compare to Other Lenders

New American Funding: NMLS#6606	BNC National Bank: NMLS#418467
Loan types and products Purchase, Refinance, Home Equity, Reverse, Jumbo, Fixed, Adjustable, FHA, VA, USDA	Loan types and products Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Is New American Funding the same as broker solutions?

Broker Solutions, Inc., doing business as New American Funding, provides mortgage lending services. The Company provides home financing options at competitive rates to home owners. New American Funding operates in the United States.

Is American finance lenders legitimate?

Speaking of the BBB, they are an accredited company and have been since the year 2002. They currently enjoy an ‘A+’ rating. In summary, American Financing may be a good pick for an existing homeowner with a straightforward borrower profile looking to apply for a cash out refi.

How long does it take to close a loan with New American Funding?

14 days
New American Funding can help you with both. New American Funding’s fully underwritten preapproval and our 14 Business Day Close Guarantee* is unique to the market. It’s as straightforward as its name. The company guarantees that it will close your purchase loan in 14 days or less.

Does New American Funding service their own loans?

14 Business Day Close Guarantee for home purchase loans. Can manage your funded loan with the New American Funding My Mortgage App. They service their own loans instead of transferring them.

Is New American a direct lender?

As one of the largest privately-owned direct mortgage lenders in the nation, New American Funding is dedicated to helping families and individuals improve their quality of life through homeownership. Headquartered in Orange County, California, we have quickly grown to become a leader in the home loan industry.

Does American financing sell their loans?

American Financing does not service its own loans so we must follow the guidelines of our investors. With regard to selling Ms. ******’ data. American Financing’s privacy policy clearly states that we do not sell any borrower data.

Is American financing a good company?

What is the interest rate for American First Finance?

The maximum APR for consumer loans is 18%….AUTO LOAN RATES.

Product	Term	APR* (As Low As)
Auto Loan – Declining Rate Auto	5 Years	3.74% Fixed
Auto Loan – Minimum Loan Amount of $30,000 Required)	8 Years	6.24% Fixed
Auto Loan	7 Years	4.49% Fixed
Auto Loan	6 Years	3.74% Fixed

Is the PPP back open?

The PPP loan portal will fully open today, January 19, 2021 to all participating PPP lenders to submit first- and second-draw PPP loan applications.