Sacha Faulk - New American Funding
About us
New American Funding – Las Vegas provides informed advice and mortgage lending services to homeowners and future homeowners. Las Vegas mortgage lenders takes their lead from our founders and owners Rick and Patty Arvielo who are passionate about helping homebuyers in the Las Vegas community and across the country realize their dream of home ownership.
"""NAF CASH: Product Features: FNMA NAF Cash Standard & High Balance Fixed, FHMA HomeReady NAF Cash Fixed, FHLMC NAF Cash Standard & High Balance Fixed, FHLMC HomeOne NAF Cash Fixed, FHLMC Home Possible NAF Cash Fixed, VA NAF Cash Standard & High Balance Fixed, All-Cash Buyer Purchase
Conventional Products: Product Features: FNMA Standard Fixed / ARMs Direct to Agency, FNMA High Balance Fixed / ARMs Aggregator / Investor Options, FNMA HomeReady Fixed Manufactured Homes, FNMA MH Advantage ITIN, FNMA RefiNow Buydown Options, FHLMC Standard Fixed / ARMs Direct to Agency, FHLMC High Balance Fixed / ARMs, FHLMC HomeOne, FHLMC Home Possible, FHLMC Refi Possible, Aggregator nvestor Options, FHLMC BorrowSmartSM (DPA), Manufactured Homes, Buydown Options
NAF Down Payment Assistance: Product Features: NAF’s Pathway to Homeownership Product Suite Conventional, FHA, and USDA, Down Payment Assistance, Non-Repayable Grant Fund options, Repayable DPA, Programs, Up to $8000 in Grant Funds, 3.5% and 5% in DPA Funds, Buydown Options
Government Products: Product Features: FHA Standard Fixed FICO down to 500, FHA High Balance Fixed No FICO, FHA Standard Streamline Refinance Fixed Disaster Relief, FHA High Balance Streamline Refinance, Fixed DACA Borrowers, FHA No FICO Manufactured Homes, FHA 203(h) Buydown Options, FHA 203(h)(k), FHA Section 184, FHA NAF-NAF Streamline Refinance, VA Standard Fixed FICO down to 500, VA High Balance, Fixed No FICO, VA Standard IRRRL Fixed DACA Borrowers, VA High Balance IRRRL Fixed Texas Veterans, VA NAF-NAF IRRRL Fixed Manufactured Homes, Buydown Options, USDA Standard Fixed, USDA High Balance, Fixed 580 FICO, USDA Streamline Refinance Streamline Options, USDA Streamline-Assist Section 502 Pilot, USDA Section 502 Pilot Program Manufactured Homes, Buydown Options
Agency Construction / One Time Close: Product Features: FNMA Construction-To-Permanent One-Time Close, FHLMC Construction-To-Permanent Modular Multi-Wide Manufactured Home, FHA Construction-To-Permanent, VA Construction-To-Permanent
Agency Renovation: Product Features: FNMA Homestyle Renovation In-House dedicated Operations Construction, FNMA Homestyle Energy Efficient Mortgage & Renovation, FHLMC CHOICE Renovation, FHLMC, CHOICEReno eXPress, FHLMC GreenCHOICE Mortgage, FHA 203(k) – Standard, FHA 203(k) – Limited, VA – Renovation
Housing Finance Authority (HFA), Product Features: DPA & Community Seconds, Chenoa National Program No overlays, 30+ States with multiple HFAs, Multi-State Community 2nds Programs, 30+ States with, City/County/metro DPA, 20+ States with MCC Programs, Texas Vet Land Board (TVLB)
Jumbo QM & NQM: Product Features: Jumbo Fixed /ARMs, Jumbo Interest Only, Loans to $4 million, LTV as High as 90%, Jumbo Fixed Asset Qualifier FICO as Low as 620, Jumbo Fixed AUS Express, Asset Qualifier / Utilization, AUS Express - multiple, 12-Month Bank Statement – multiple, 24 Month Bank Statement - multiple, P&L Programs - multiple, 12 Month 1099 Income Programs – multiple, Debt-Service Coverage Ratio (DSCR) – multiple, No Ratio / Asset Qualifier - multiple, No Ratio / Asset Qualifier – multiple, DTI as High as 50%, AUS Options, 40 Year Terms, First Time Homebuyers, Buydown Options, 20 Financed Properties, Asset Usage, Non-Traditional Income, Debt Service Coverage .75 – 1.25, Non-Warrantable Condos, Condotels
HELOC / HELOAN Products: Product Features: Half-dozen+ Options 1st or 2nd Lien, HELOC Piggyback & Standalone, Closed-End Fixed Rate Loan Amount to $750,000, CLTV to 95%, FICO as Low as 640, DTI to 50%
Wholesale/Broker Products: Product Features: More than 2 dozen Lenders Fixed / ARM Options, More than One Hundred Programs Asset Qualifiers, Asset Qualifiers / No Ratio, 2-Month Bank Statement, 24-Month Bank Statement, 12 Month P&L Options, 12 Month 1099 Options, VOE Only Options, Debt-Service Credit Ratio (DSCR) to .75, DSCR w/ Short-Term Rental ok, Title In Entity, Foreign Nationals, ITIN, Cross Collateralization, Land Loans, Large Acreage, 1031 Exchange, Hi-Rise Condo, Non-Warrantable Condo, Condotel, Unique Properties, Bridge Loans"""