Skip to main content

New American Funding Expands Into Coachella Valley

May 01, 2018
New American Funding is expanding its Southern California territory with the grand opening of a new location in Indio, Calif.

New American Funding is expanding its Southern California territory with the grand opening of a new location in Indio, Calif. The company opened the Indio branch after recognizing a need in the Coachella Valley for affordable loan programs that could accommodate a diverse range of borrowers.
 
The new location is a full-service provider that will bring the region a scope of purchase and refinance options with a focus on downpayment assistance programs and niche loans like Your Path.
 
“We’re excited to serve an underserved community. We have options as diverse as our clients,” said New American Funding Branch Manager Sandra Magana. “We have the right loan products to assist today’s homebuyer in East Coachella Valley.”
 
As a native of the Valley and fluent Spanish-speaker, Magana was identified to expand the company’s footprint due to her in-market experience and ability to effectively serve the region’s growing Hispanic population.
 
“My biggest passion is helping farm workers find affordable housing,” said Magana. “Our programs can help residents become homeowners whether they’re self-employed or a seasonal employee.”
 
Magana has more than 30 year of mortgage experience and has worked in a variety of capacities including Branch Manager and top-producing Loan Officer.
 
“Sandra is a seasoned professional who’s well respected. She’s great working with clients. She’s an excellent mentor to young talent,” said Virginia Martinez, Regional Manager for New American Funding. “She’s the perfect person to open this branch.”
New American Funding is expanding its Southern California territory with the grand opening of a new location in Indio, Calif.


 
About the author
Published
May 01, 2018
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024