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Independent mortgage lender New American Funding has announced a partnership with Uqual, a full-service loan-readiness company, in pursuit of a shared vision to help first-time homebuyers through the hurdles of buying a home.
New American Funding found that many people, especially in underserved communities, face too many obstacles when buying a home. Borrowers found themselves either stuck in unfavorable debt-to-income situations, challenged by credit, or daunted by the current market.
New American Funding’s partnership with Uqual allows the lender to link its customers who would not otherwise qualify for a home loan to Uqual, which provides access to multiple services that could help borrowers improve key lending metrics.
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