NAF Cash empowers you to step into the competitive world of cash buyers, potentially securing your desired home while potentially saving money. Here's how it works: NAF Cash purchases your chosen home with cash upfront and then offers it back to you at the original price (plus a small convenience fee, which can be seamlessly integrated into the home's purchase price) when you're ready to move in with permanent financing in place.
Need to move in before selling your old home? No worries! With NAF Cash, you can settle into your new home and even rent it while you focus on selling your previous property or securing financing for your new one. By becoming a cash buyer with NAF Cash, you can confidently bid on homes, increase your chances of acceptance, and potentially acquire your new home below the asking price.
NAF CASH ADVANTAGES
Becoming a cash buyer with NAF Cash offers several benefits, potentially allowing you to secure your home at a lower cost and with a faster closing process compared to traditional buyers. This could result in cost savings and a quicker move into your new home.
One notable advantage is that you don't need to sell your current home first. With up to 90 days to sell your existing property, you can confidently make a cash offer without the constraints of financing or appraisal contingencies, providing a competitive edge in the housing market.
By closing quickly, you can start your new life in your new home sooner, avoiding expenses like hotels and storage rentals during the transition.
Furthermore, being a cash buyer stands out in a competitive market, as sellers appreciate the security and convenience of cash offers. NAF Cash allows you to make your bid more appealing than those relying on traditional financing, giving you a significant competitive advantage, especially in today's low housing inventory environment. There is also potential for this to be used as a bridge loan, contact our team for more details.
BUYER REQUIREMENTS
- 3% of the selling price as Earnest Money**
ELIGIBLE LOAN PROGRAMS
- Conventional Loan - Minimum Credit Score 620, down payment as low as 3%
- VA Loan*** - Minimum Credit Score 620, as low as 0% down payment
*NAF Cash, LLC, an affiliated real estate company of New American Funding, will purchase subject property in cash and then sell it back to borrower. NAF Cash, LLC does not originate loans or issue loan commitments.
**3% earnest money may be forfeited to NAF Cash, LLC if borrower does not purchase the home after NAF Cash has purchased the home for cash. NAF Cash, LLC. MI Real Estate Broker #6502431375. 41050 W 11 Mile Rd, Suite 220, Novi, MI, 48375. Phone 844-344-0531.
***Exceptions can be made if borrower meets Credit Standards.
What it's like to work with #TeamJet
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