In addition to our most popular loan types, NAF offers other loan products and resources to support you on your path to homeownership. From understanding how Quitclaim Deeds are used for property transfers to exploring Energy Efficient Mortgages, NAF has the information you need.
A Quitclaim Deed is a legal document used to transfer ownership of real property from one person to another without providing any guarantees about the title. Unlike a warranty deed, a Quitclaim Deed does not ensure that the grantor (the person transferring the property) has a clear title or that there are no liens or encumbrances on the property.
The grantor simply transfers whatever interest they have in the property to the grantee (the person receiving the property). This type of deed is often used in informal or familial property transfers and can be useful in situations where the grantor's interest in the property is uncertain or limited.
An Energy Efficient Mortgage (EEM) is a type of home loan that helps homeowners finance energy-efficient improvements. It allows borrowers to finance up to 115% of the home's future appraised value and you may be able to reduce how much you pay in annual utility bills.
This mortgage can also consolidate higher-interest energy-related debts, like PACE loans, and some improvements may qualify for tax credits. However, it's best to consult a tax advisor for more details.
An ADU (Accessory Dwelling Unit) home loan is financing designed to help homeowners build or convert a secondary living space on their existing property. ADUs can include structures like garage conversions, basement apartments, backyard cottages, or in-law suites that provide independent living quarters.
This type of home loan lets you tap into your home's equity or secure construction financing to cover the costs of designing, permitting, and building your ADU. ADU loans are popular for creating rental income opportunities, housing family members, or increasing property value through home expansions.
Whether you are looking to purchase a home or upgrade the one you have, it all starts with choosing the right lender and the right home loan.
With more than 404,700 reviews online, don't just take our word for it. From first-time buyers to Veterans to seasoned investors, NAF is committed to serving our customers every step of the way.
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