Pledged Asset Program – New American Funding Dallas
Make the Most Out of Your Assets with the New American Funding Pledged Asset Loan Program
If you are interested in purchasing a home, but you do not have enough money for a down payment, you will be happy to learn that the Pledged Asset Loan Program available through New American Funding can help. In fact, through the Pledged Asset Loan Program, you can finance up to 90 percent of the cost of the home through security assets or savings pledges rather than coming up with a down payment or taking out a second mortgage or home equity loan.
Exploring the Benefits of the Pledged Asset Loan Program
For those who wish to defer their capital gains or losses while maintaining their investment strategy may find the Pledged Asset Loan Program to be just what they are looking for. Not only can the program be used for up to 90 percent of financing, but it also allows you to continually benefit from interest, dividends and investment appreciation while deferring capital gains tax. The program is even flexible enough to allow you to make trades in your pledged account, which may be kept with New American Funding or with the brokerage firm of your choice.
Features of the Pledged Asset Loan Program
The Pledged Asset Loan Program provides many benefits to those who are interested in purchasing a home without cashing out their assets. So long as all pledge account requirements are met, the assets may be kept with the firm of your choice. Furthermore, a wide variety of assets are eligible for the program. These include:
- Money market
- Mutual funds
While retirement savings are not eligible for the program, any family member with eligible assets may pledge those assets on your behalf. These pledges can then help you avoid the need to make a down payment. Furthermore, if the combined pledges made by you and your family members brings the loan-to-value down to 80 percent or less, you can bypass Mortgage Insurance (MI) altogether.
Participating in the New American Funding Pledged Asset Loan Program
If you are interested in learning more about the Pledged Asset Loan Program, you will be pleased to find that the program is available on all New American Funding portfolio products. These loan products include:
- Cashout refinance
- Investment properties
- Second homes
As a portfolio lender that specializes in Jumbo ARMs and loans with a simple process and a quick turnaround time, you can count on New American Funding to help you get the home of your dreams while taking full advantage of your assets. Contact today to learn more!
To inquire if New American Funding is currently an approved lender for this DPA program, please use the contact form to the right. This webpage is for information purposes only.