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FINANCIAL INDUSTRY
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New American Funding creates program for returning servicemen

The Orange County home loan lender creates website to assists military personnel in homeownership finances

by Crystal NguonlyPublished: April 05, 2012 12:35 PM

Irvine-based New American Funding has launched a new website dedicated to assisting veterans, active duty military personnel, reservists and National Guard members with home financing. The VA Home Loan Center includes important information for service members seeking to buy a home, including details on the VA home loan eligibility requirements, the basic allowance for housing and the VA home loan process.

In response to the waves of military personnel returning from Iraq and Afghanistan, New American Funding created the VA Home Loan center to provide veterans and active duty military personnel with the opportunity to achieve home ownership. The VA Home Loan Program was enacted in 1944 as a part of the original Servicemen’s Readjustment Act. The new website allows returning military personnel to learn more about their home loan benefits.

“There’s so much that Vets don’t realize they’re entitled to, and in the case of hose on active duty they can take advantage of their Basic Allowance for Housing to help pay their monthly mortgage,” says Kerrick Patterson, a home loan officer for New American Funding Loan Officer and former member of the National Guard.
 
New American Funding aims to provide homeowners and future homeowners with financial options to achieve their goal of homeownership, is a Fannie Mae Seller/Servicer and VA Automatic mortgage lender across 21 states.


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