New American Funding is proud to announce the launch of a new radio campaign to inform consumers about the benefits of the FHA 203(k) Home Improvement Loan and its Preferred Realtor Program.

Currently, investors are purchasing approximately 60 percent of bank-owned distressed properties, making repairs and selling them to homebuyers for tens of thousands more than they paid. The FHA 203k Home Improvement Loan – allows homebuyers to beat investors to the punch and it fills an important need for homebuyers. The FHA 203(k) is available for both new home purchase loans and refinance loans with up to $35,000 cash out for home improvements. 

“The buzz about the FHA 203(k) Loans is all for great reason,” said New American Funding President Rick Arvielo. “These loans make it possible for home buyers to finance the purchase of a home as well as any necessary repairs or improvements with just one mortgage.” 
Rick Arvielo is the voice of the campaign’s radio commercials, which will air on KFI and KNX radio in Los Angeles starting on June 6th . Rick Arvielo will also release a video on YouTube discussing the FHA 203(k) Home Improvement Loans at the end of June.
“This radio campaign is designed to make home buyers aware of the opportunities that our Home Improvement Loans offer,” Arvielo explained. “This Home Improvement Loan is the Department of Housing and Urban Development’s chief vehicle in the effort to rehabilitate and repair single-family properties. Not only does it expand homeownership opportunities, but it also helps to revitalize communities and neighborhoods.”

New American Funding offers a direct approach. As a direct lender, New American Funding offers fewer costs and better-priced home loans. By offering in-house underwriting, processing and funding services to the greater Los Angeles area and Orange County, New American Funding boasts the fastest turn times in the real estate industry. 

New American Funding is offering buyers and homeowners looking to refinance FREE up-front credit approvals and is matching buyers with a New American Funding Preferred Realtor in their area that specializes in these properties.