Online Application Thank you for visiting. As a seasoned mortgage loan officer with 19 years of experience I attribute my success to one simple quality: I take care of my clients and treat them as family!We are a National Lender with a very large local Colorado office. I welcome you to visit me at my office at 5299 DTC Blvd, #420, Greenwood Village, CO 80111. New American Funding is an approved Fannie Mae, Freddie Mac and Ginnie Mae direct lender and we underwrite per Fannie and Freddie guidelines with no overlays.
My underwriters, closers, processors and assistants are all located at our DTC office and when I don’t have the answers, they do. We make all decisions local and everyone on our team has at least 7-years of experience. Whether your goal is to purchase your dream home, refinance an existing loan, or consolidate debt, I can provide you with the expertise, professionalism, and customer service that will ensure that your transaction goes smoothly.
I am committed to providing the highest quality of financial services and to finding you the lowest rates available. I strive to create a lasting relationship with each of my clients, and I am proud of and grateful for their repeat business and referrals. I have great relationships with experienced Financial Planners, CPA’s and Insurance Consultants.Please feel free to ask and I can get you in touch with one of my strategic partners.
Don’t take my word for it, check out some of my clients recommendations and testimonials on Zillow and Google.
Popular Loan Programs:
Conventional: We are a direct endorsed lender for Fannie Mae and Freddie Mac and have no overlays. This means that we don’t have additional conditions beyond what the automated approval asks for.
Jumbo Loans: We lend on properties above $417,000 up to $5,000,000 and have many sources to place Jumbo Loans. Even have a 10% down payment loan with no mortgage insurance available.
NHF Platinum: 5% grant program – FHA loan that will give you 5% of the total loan amount towards your required 3.5% down payment and closing costs. 640 middle credit score, 50% debt to income ratio if your middle credit score is over 660 and 45% if it’s below. There are maximum income requirements that you cannot go over. You never have to pay the grant back.
FHA: We can lend as low as a 580 credit score with 3.5% down payment. FHA is popular because of the expanded debt to income ratio up to 55% and expanded credit guidelines for people who are two years out of a bankruptcy and three years out from a foreclosure. FHA does require mortgage insurance up front (on top of the loan) and monthly. Up to 85% on a cash out loan.
VA: 100% financing with no mortgage insurance, VA Jumbo, 100% cash out refinance, LAPP approved, programs down to a 560 credit score. VA is very popular for veterans because of the option to go to 100% financing and having no mortgage insurance. VA does have a funding fee and the fee depends on your particular situation.
USDA: 100% financing rural housing, you may be surprised how many areas just outside of Denver Metro are considered rural by USDA.USDA is very popular because you get the chance to buy a home with $0 down and very low mortgage insurance. USDA does charge a guarantee fee that is added to the loan balance.
CHFA: CHFA Advantage: 3% down payment with no mortgage insurance. 680 middle credit score, 45% or lower debt to income ratio.
CHFA SmartStep Plus: This is a 3% grant of the total loan amount, plus you can get up to a 2% lender credit to apply towards your closing costs. 620 middle credit score to 43% debt to income ratio, up to 50% if you pass the RISK score card and if your middle credit score is 660 or above you can go up to 55% debt to income ratio. There are maximum income requirements that you cannot go over. You never have to pay the grant back.
Metro Mortgage Plus: 4% grant program-FHA loan that will give you 4% of the total loan amount towards your required 3.5% down payment and closing costs. Maximum debt to income ratio is 45%. There are maximum income requirements that you cannot go over. You never have to pay the grant back.
MCC: Mortgage Credit Certificate-Colorado Tax Credit. This gives you a 20% additional mortgage interest tax credit every year you owner occupy the property. This credit can also be used to help you qualify if needed. You take your loan amount x the interest rate to get your yearly mortgage interest then times that by 20% to see the additional tax credit you will be given. There is a cost of this fee and will change depending if you are using it with a CHFA loan or not. This is for first time home buyers or if you are buying in a targeted neighborhood. Need to ask if MCC funds are available as they do run out from time to time.
To get started please click the online application tab under my picture.
If you have questions please email, text or call me anytime. I am available 7 days per week.
I look forward to speaking with you. Email [email protected] or call my cell at 303-521-7169.
Best wishes,
Sean Young
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