New American Funding has expanded in the Midwest region with its latest branch in Naperville, Ill. This newest branch marks the second Chicagoland grand opening for New American in six months. The Naperville branch will be a full-service location that caters to the residential mortgage needs of local consumers and real estate agents. It will offer a complete spectrum of purchase and refinance options to the Chicago metropolitan housing market.
“We’re excited to be a part of New American Funding’s expansion in the Chicagoland area,” said Rincon. “We look forward to growing with an industry powerhouse that integrates innovative technology with superior customer service to provide a pleasant experience to all of our clients.”
Rincon will be joined by an experienced mortgage team, who will service consumers in Chicago’s western suburbs.
“We’re thrilled because this location has been long awaited,” said Hamid Hamrah, New American Funding Regional VP. “We look forward to interacting with the members of the community and finding out how we can provide local homebuyers with our second-to-none service.”
Median house price was $403,800, up nearly 11% YOY, but down from June.
Sales of existing homes fell nearly 6% in July, the sixth straight-monthly decline, with all four U.S. regions recording fewer sales, the National Association of Realtors said today.
Total existing-home sales — completed transactions that include single-family homes, townho...
Home purchase demand expected to drag through the end of the year.
Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday shows that fixed mortgage rates averaged 5.13%, leading to an expectation that purchase demand will likely continue to drag over the rest of the year and home price growth will decelerate.
“Inflat...