New American Funding – St. Louis Park provides informed advice and mortgage lending services to homeowners and future homeowners. St. Louis Park mortgage lenders takes their lead from our founders and owners Rick and Patty Arvielo who are passionate about helping homebuyers in the St Louis Park community and across the country realize their dream of home ownership.
Our dedicated team is proud to serve the people of St. Louis Park, MN as a reliable mortgage bank from the loan origination stage to the actual funding. We serve clients of all backgrounds and believe St Louis Park is better off as a whole when more people purchase homes here and contribute to the fabric of our neighborhoods.
Come see what makes our elite St Louis Park team of underwriters and funders some of the best in the business at closing loans quickly and offering customer’s a positive experience.
4.9/5 Based on 269,421 Reviews
You're In Good Hands!
"Terry was our fairy godfather for this transaction. In a market with high interest rates, Terry helped us lock as low as possible, our realtor helped us score seller-paid closing costs, and we were able to buy down interest rate points to the lowest possible rate. This was something we were nervous about as buyers, and Terry provided us with all our options - checking in personally every step of the transaction. We would trust Terry with every financial decision/transaction. Not only is he a great lender, but an excellent friend! Thank you, Terry!"
"Good communication. When above and beyond to get to closing quickly."
"Terry was wonderful! As a first time homebuyer he made the process extremely easy for me!"
"Brian is great at making sure I am taking the appropriate steps for the best product available for my purpose. Thanks for taking the time to explain and work with me!"
PATHWAY TO HOMEOWNERSHIP
Are You Ready?
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 initiative to alleviate some of your financial worries.
What is the Pathway to Homeownership Initiative?
The Pathway to Homeownership offers qualified borrowers in select areas up to $8,000 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 you even more support as you build the life of your dreams.
NAF Cash Can Turn You into a Cash Buyer
Buying in cash means convenience, certainty, and may mean cost savings too. In fact, buying in cash may help you save up to 11% over those using a traditional mortgage.* With NAF Cash, you can make a competitive, true cash offer that is not contingent on financing and close in little as seven days without having to sell your current home first.
*According to a study from researchers at the University of California - San Diego, cash buyers have paid about 11% less than using a mortgage. Reher, Michael and Valkanov, Rossen, The Mortgage-Cash Premium Puzzle (September 24, 2021). Available at SSRN: ssrn.com/abstract=3751917 or dx.doi.org/10.2139/ssrn.3751917
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