In today’s real estate market, cash buyers have the advantage. NAF Cash*, an affiliated company of New American Funding, levels the playing field and helps traditional homebuyers compete, win, and maybe save money too – with all the conveniences that come with being a cash buyer. Sellers love the certainty of cash. You’ll love the convenience, getting the home of your dreams in a stress-free, end-to-end experience, with potential money savings too.
Benefits
1
become a cash buyer
By becoming a cash buyer with NAF Cash, you may be able to buy your home for less and close faster than traditional buyers, potentially saving you money and getting you into your new home faster. As a cash buyer, you stand out from the competition. Sellers like the security and convenience of cash buyers. With NAF Cash, you can make your bid more attractive than those using traditional financing, giving you a huge competitive advantage at a time when housing inventory is low. The Next Door Program can be combined with NAF Cash!
2
90 days to sell current home
You don’t have to sell your current home first. You have up to 90 days to sell your existing home. That gives you a competitive advantage of making a make a cash offer with no financing or appraisal contingency. You can start your new life in your new home sooner – close fast and avoid hotels and storage rentals while you transition residences.
3
requirements & Loan programs
Buyer Requirements
-
5% of the selling price as Earnest Money**
Loan Programs offered with NAF Cash
-
Conventional Loan: Minimum Credit Score 620, down payment as low as 3%
-
VA Loan***: Minimum Credit Score 620, as low as 0% down payment
*NAF Cash, LLC (“NAF Cash”) is a real estate company that is an affiliated company of New American Funding, LLC. All products and services supplied by NAF Cash are subject to state availability and contractual terms and conditions. NAF Cash does not originate loans or issue loan commitments. NAF Cash, LLC charges a Transaction Fee of 1.50%-7.5% of the purchase price for its service (fee varies by state). License numbers: MI Real Estate Broker #6505431332.
**5% earnest money may be forfeited to NAF Cash, LLC if borrower does not purchase the home after NAF Cash has purchased the home for cash. NAF Cash, LLC. MI Real Estate Broker #6502431375. 41050 W 11 Mile Rd, Suite 220, Novi, MI, 48375. Phone 844-344-0531.
***Exceptions can be made if borrower meets Credit Standards.
Program requirements, eligibility criteria, and minimums are subject to change and will be confirmed at time of application.