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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.”
