Buying a home with cash can be beneficial for both the buyer and the seller. But not everyone has the means to do that. Well, we found someone who can help! Amber Lampe of New American Funding can help you make a cash offer on your next home.
What is the NAF Cash Program?
The NAF Cash Program allows a buyer to make a competitive true cash offer that is not contingent on financing and can close in as little as seven days without having to sell their current home first.
Here’s how it works: NAF Cash purchases the home upfront, with cash, on behalf of the buyer. Meanwhile, the buyer secures permanent financing with New American Funding, NAF Cash then sells the property back to the buyer for its original price plus a small service fee.
How can buying a home with the NAF Cash Program give buyers an advantage in this market?
A cash offer stands out in a competitive housing market. Sellers often prefer cash deals as they typically involve fewer contingencies and uncertainties, making the cash offer more attractive.
Sellers who are attracted to the certainty of a cash deal may be more open to negotiating terms, including price in the buyer’s favor.
Are there any benefits to a Seller accepting a cash offer over a traditional mortgage?
As a seller, accepting a cash offer eliminates the need for a financing contingency. This means the sale is less likely to fall through due to financing, making the offer more of a certainty for the seller.
One of the most significant advantages of the NAF Cash Program is the ability to speed up the home buying process. A buyer with cash in hand can close much faster than the traditional financing methods.
Also, with the NAF Cash Program, you bypass the often stressful and uncertain process of waiting for the loan approvals, which can sometimes result in delays or deal breakages.
What is the Pathway to Homeownership Initiative?
At New American Funding, we believe that every person deserves a clear path to achieving their dream of homeownership.
So, we created the Pathway to Homeownership. This program offers qualified borrowers in select areas up to $8000 in assistance.
These funds are not a loan that needs to be repaid and are available to first-time homebuyers in designated areas.
This program can also potentially be combined with other down payment assistance programs to offer even more support.
Disclaimer:
Equal Housing Opportunity. Terms and conditions apply. Subject to borrower and property qualifications. Not all applicants will qualify. Rates and terms are subject to change without notice. All mortgage loan products are subject to credit and property approval. © New American Funding, LLC. NMLS #6606. nmlsconsumeraccess.org. Corporate office 14511 Myford Rd., Ste 100, Tustin, CA 92780. Phone: (800) 450-2010. 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.
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. NAF Cash, LLC charges a Transaction Fee of 1.5%-3.5% of purchase price for its service (fee varies by state).