AAG Expands into VA Loans – NMP Skip to main content

AAG Expands into VA Loans

Phil Hall
Nov 15, 2018
Fulton, Md.-based NewDay USA claims that it can approve many of the servicemembers and veterans who are denied on AUS

Reverse mortgage provider American Advisors Group (AAG) is adding Veterans Affairs (VA) loans to its product lineup.
Reverse mortgage provider American Advisors Group (AAG) is adding Veterans Affairs (VA) loans to its product lineup
 
The Orange, Calif.-based AAG said it is the only financial services company with a VA loan focused exclusively on older veterans. Product options will include government insured Home Equity Conversion Mortgages (HECMs), proprietary jumbo reverse mortgage loans and traditional mortgage loans, as well as real estate services for buying or selling a home.
 
"Adding the VA loan was a natural expansion for AAG. There are millions of older veterans in this country who represent a significantly underserved demographic," said AAG Chief Executive Officer Reza Jahangiri. "By offering veterans more ways to extract their home equity, we are empowering them to chart their own course in retirement, whether that means moving to a more senior-friendly home, getting in-home care, or simply maintaining their independence and quality of life in retirement."

 
Published
Nov 15, 2018
More from
Reverse
Open Mortgage Hires New National Director of Reverse Sales

Charith Rodrigo joins company from American Advisors Group.

Career
May 04, 2022
Reverse Mortgage Industry Sees April Drop In Loans

Decline comes after previous month’s 10-year high

Reverse
May 03, 2022
Reverse Mortgage Veteran Joins Steven J. Sless Group

Christopher Hartley will focus on increasing reverse mortgage originations

Reverse
Apr 15, 2022
ReverseVision Inc. Acquired By Constellation Mortgage Solutions Inc.

Constellation Mortgage Solutions Inc. announced the acquisition of ReverseVision, Inc., a home equity conversion mortgage and private reverse mortgage sales origination software company.

Home Equity
Feb 11, 2022
Steven J. Sless Group Of PRMI Appoints New Retail Production Manager

The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Reverse
Jan 12, 2022
Washington Trust Hires New MLO

The Washington Trust Company hired Matthew McCarthy of Bloomfield, CT as a mortgage loan officer.

Community
Dec 16, 2021