New American Funding Debuts Non-QM Mortgage Program – NMP Skip to main content

New American Funding Debuts Non-QM Mortgage Program

Apr 09, 2019
New American Funding has named Sean Casey Senior Vice President of Retail Sales for Arizona and Texas

New American Funding has introduced its Non-Qualified Mortgage (Non-QM) for borrowers who have difficulty qualifying for traditional mortgages because they are either self-employed, have non-traditional incomes or have qualifying assets but no income.
 
According to the Tustin, Calif.-based company, the loans originated under this program can be used for purchase or refinance loans. Borrowers with income sources outside of a steady paycheck can be qualified for approval using a one-year tax return, bank statements going back six or 12 months or through an asset qualification process.
 
"We're dedicated to making sure everyone has an equal opportunity to achieve the American dream," said Rick Arvielo, CEO of New American Funding. "At New American Funding, we're excited to offer more options to a more diverse set of consumers and help them through the homeownership process."

 
About the author
Published
Apr 09, 2019
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026
Trump Names FHFA Director Bill Pulte Acting Director Of National Intelligence

FHFA director will continue overseeing Fannie Mae and Freddie Mac while serving as acting director of national intelligence

Jun 02, 2026
Realtor.com Launches AI Home Search Platform Built With Google

New RealAssist tool combines AI, affordability guidance and Google Maps data to engage buyers before they reach lenders

Jun 02, 2026
Another MLS Challenges Zillow In Fight Over Listing Visibility

Realtracs joins MRED in pushing back on Zillow's listing policies, a battle with potential implications for the broader homebuying and mortgage ecosystem

May 29, 2026
Gas Prices Are Quietly Reshaping Homebuyer Affordability

Rocket Money data suggests rising fuel costs are adding pressure to already payment-sensitive buyers as mortgage rates remain elevated

May 28, 2026
MISMO Targets Costly TRID Fee Cures With New Mortgage Fee Standardization Framework

MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans

May 27, 2026