Michigan, MI Mortgage Lenders

Michigan

41050 West 11 Mile Road, suite 100, Novi, MI 48375

Your Mortgage Starts Here

New American Funding – Novi provides informed advice and mortgage lending services to homeowners and future homeowners. Novi mortgage lenders takes their lead from our founders and owners Rick and Patty Arvielo who are passionate about helping homebuyers in the Novi community and across the country realize their dream of home ownership.

Our dedicated team is proud to serve the people of Novi, MI as a reliable mortgage bank from the loan origination stage to the actual funding. We serve clients of all backgrounds and believe Novi 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 Novi team of underwriters and funders some of the best in the business at closing loans quickly and offering customer’s a positive experience.

Top Rated
Mortgage Lender

4.9/5 Based on 269,421 Reviews

You're In Good Hands!

Loan Products

Conventional Loan

Down payments as low as 3%. Fewer restrictions than other loans.

FHA Loan

This mortgage loan allows for 3.5% down payment.

VA Loan

No down payment required. Special terms available to veterans and active duty military.

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NAF Cash Can Turn You into a Cash Buyer

Explore the latest homebuying trends in your state
with your interactive map

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.

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Source: This dataset combines data from Public Records and MLS transactions. The data lists the number of all-cash purchases and the total number of home purchases nationwide including the most recent five quarters of data. (Cash purchase defined when a Property Sold record does not have a Mortgage Balance.) Data coverage is limited by available MLS coverage. Certain geographies like Georgia (especially Central GA), South Dakota and Vermont were impacted by this data availability. Land sales and manufactured (MFR) home sales are excluded from the dataset.

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.

Refinance Calculator

Calculate your new monthly payment after refinancing.

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Mortgage Calculator

Before you buy a house, calculate how much your payments will be.

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How Much House Can I Afford?

Calculate the maximum home price you could afford.

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Amortization Calculator

See your payoff schedule with principal and interest payments.

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News & Resources

After the Disaster: Advice for Homeowners After a Wildfire

Wildfires have become an increasing problem for homeowners across the country. That’s why it’s important to know what to do if you have been affected by one.

From Debt to DTI: The Real-Life Costs That Impact Home Affordability

Homeownership costs go beyond the mortgage—budget for repairs, maintenance, and unexpected expenses.

Location

New American Funding

CD - Detroit - CSR

41050 West 11 Mile Road, suite 100
Novi, MI 48375