What are the opening hours?

Monday 8am - 5pm Tuesday 8am - 5pm Wednesday 8am - 5pm Thursday 8am - 5pm Friday 8am - 5pm

https://www.facebook.com/374241682948438/

New American Funding - Central Oregon

Home
United States
Redmond, OR
New American Funding - Central Oregon

Call Directions

A community-anchored lender we’ve helped aspiring borrowers fulfill the dream of home ownership for more than 25 years.

We value relationships, and enjoy an undisputed reputation for honoring our principles of honesty and integrity. With a firm foundation built on hometown values we continue to grow even through the most challenging economies.

11/02/2026

Want the seller to help cover your closing costs or lower your mortgage rate? 💡

Here is how we help buyers and their agents set up winning concession requests:

✔️ A strong offer gives your request more power. A fully vetted pre-approval gives the seller total confidence your financing will cross the finish line.
✔️ Tie requests to inspection findings or comparable sales. Let your Realtor back the request with market facts, while we structure the credit into your loan terms.
✔️ Homes sitting on the market create more negotiating leverage. More days on market means sellers are often eager to contribute credits rather than drop their list price.

Teamwork between your lender and Realtor makes all the difference.

📩 Reach out to any of our Central Oregon Loan Officers to run your pre-approval numbers before your next showing!

SmartFinancing

10/27/2026

💡 TIPS TUESDAY: A major win for manufactured home financing!

For years, one of the biggest roadblocks in real estate financing involved manufactured homes that were relocated from their original foundation.

Historically, if a manufactured home had been moved from its original installation site to a new location, conventional financing was essentially off the limits—leaving VA loans as one of the only viable options.

That rule has changed.

Freddie Mac now permits mortgages secured by manufactured homes that have been moved from another site!

Here is why this matters:
🔹 More Options for Buyers: Non-veteran buyers who previously couldn’t secure conventional financing on a relocated manufactured home now have access to conventional loan products.
🔹 Bigger Buyer Pool for Sellers: Sellers of twice-moved manufactured homes are no longer limited strictly to cash buyers or VA-eligible borrowers.
🔹 Affordable Housing Access: Expands affordable homeownership opportunities at a time when budget-friendly inventory is in high demand.

(Note: The home must still meet Freddie Mac’s foundation certifications, structural requirements, and title de-titling guidelines as real property.)

📲 Know someone looking at manufactured homes or have a property in mind? Reach out to see how this guideline applies to your scenario!

RealEstateTips FirstTimeHomeBuyer HomeLoanNews

10/26/2026

Waiting for mortgage rates to drop before making a move? You might not have to. 📉🏡

Many buyers don’t realize you can negotiate a lower interest rate directly into your purchase contract—and have the seller pay for it.

It’s called a seller-funded buydown, and it’s one of the most effective strategies in today’s market.

Here is what you need to know:

🔹 Sellers can fund temporary or permanent rate buydowns: Concessions can be structured to permanently reduce your interest rate or provide aggressive payment relief over the first few years.
🔹 A 2-1 buydown lowers the rate for the first two years: Your effective rate is reduced by a full 2% in Year 1 and 1% in Year 2, before returning to the note rate in Year 3.
🔹 Lower early payments can make budgeting easier: When you’re furnishing a new home, handling moving costs, and establishing a routine, saving hundreds of dollars every month gives you invaluable breathing room.

Instead of asking for a modest price drop that only saves $60 to $70 a month, a seller buydown creates immediate, meaningful payment relief right when you need it most.

💬 Want to see what a 2-1 buydown looks like at your price point? Reach out to one of our Loan Officers, and let’s run the exact numbers for your budget!

FirstTimeHomeBuyer RealEstateAdvice MortgageStrategy

10/22/2026

The biggest surprise for first-time buyers isn’t the down payment—it’s the closing costs. 📦🔑

You worked hard to save for your down payment, only to realize closing costs typically add another 2% to 6% of the purchase price.

On a $400,000 home, that means an extra $8,000 to $24,000 due at the closing table!

That’s cash you were probably hoping to use for:🛋️ New furniture🎨 Painting and home upgrades🚚 Moving trucks and supplies🛡️ An emergency cushion for unexpected repairs

Here’s the good news: you don't have to pay all of it out of pocket.

With a negotiated seller concession, the seller can contribute directly toward your eligible closing costs, including:• Loan origination and lender fees• Appraisal fees• Title and legal charges• Prepaid property taxes and homeowners insurance• Credit report and processing fees

💬 Are you house hunting right now? Send us a DM with your target price point and let’s calculate how much a seller credit could keep in your pocket!

10/21/2026

THE VOTES ARE IN—AND THE COMMUNITY HAS SPOKEN! 🗳️✨

We are absolutely thrilled to announce the winners of our Q3 "Your Vote Matters" donation program! Our branch is proud to put People First by supporting the local organizations that make Central Oregon such incredible places to live.

A massive congratulations to our top two winning nonprofits who received the most votes:

🎉 Christmas in the Pines
🎉 Prineville Senior Center

We are honored to present both of these outstanding organizations with a donation to help support their vital work in our community! 🤝❤️

To everyone who voted: THANK YOU! We had an incredible turnout this quarter, and it is entirely because of your passion and participation that we can make this impact together.

Let’s keep lifting each other up! 🌲🏔️

10/20/2026

: A HUGE update to the Financing Playbook that just made it easier for your clients with investment assets to qualify! 📖💡

In real estate, the lending standards are always evolving. A client who didn't qualify last year might be a perfect candidate today—and this week, we are highlighting a massive shift in Freddie Mac's Asset Income Calculation that proves just that!

If you have buyers (especially retirees or investors) with significant assets in retirement or investment accounts, this is for you.

Here’s what changed:

1. ✅ Increased Qualifying Income: The old rules were restrictive. The new qualification standards allow us to use a much more generous calculation when converting assets into a monthly income stream. This means we can often count MORE income for your buyer without them having to change their investment strategy, helping them qualify for a larger purchase price.

2. ✅ Dropped the Age Restriction: Previously, this program had a strict age requirement, limiting who could use retirement assets to qualify. That restriction is GONE! This is a game-changer for early-retirees or younger individuals who have well-funded retirement accounts. We can now use those assets to help them qualify for a home today.

Why this matters for Central Oregon: This opens the door for a whole new wave of buyers—from out-of-state relocators cashing in their equity to local residents wanting to use their nest egg to buy a second home or investment property.

🤝 Realtors & Buyers: Do you know someone who fits this profile? Let's revisit their pre-approval! This single shift in financing criteria could be the key to getting their offer accepted.

📲 DM us to schedule a free analysis and see how this new playbook can work for you!

10/19/2026

Stop asking for price cuts. Start asking for concessions. 💡

In today’s market, everyone thinks negotiating the list price is the ultimate win. But here’s the secret top-producing agents and savvy homebuyers know:

A seller credit (concession) can create far more financial impact than a standard price reduction.

📉 A $10,000 price drop: Saves a buyer around ~$60 to $70 a month on their mortgage payment.

📈 A $10,000 seller concession: Can fund a temporary or permanent interest rate buydown—lowering monthly payments by hundreds—or cover closing costs so the buyer keeps more liquid cash on hand.

The result?✔️ Sellers protect their neighborhood comps and net proceeds.✔️ Buyers get a genuinely affordable monthly payment without draining their savings.✔️ Agents get transactions closed without stall-outs.

Your next home purchase might already have built-in savings waiting on the table. You just have to know how to structure the deal.

💬 Curious what a seller concession could look like on your next purchase or listing? Give one of our Loan Officers a call today!

10/13/2026

With mortgage rates above 7%, more buyers are turning to adjustable-rate mortgages (ARMs) for a lower initial rate and payment.

But remember, your rate can change over time, so it’s important to understand the risks and have a plan before choosing an ARM.

Follow us for more housing market news and mortgage insights.

10/09/2026

BACK-TO-BACK CHAMPION! 🏆🔥 Hitting a milestone once is great, but doing it twice in a row? That is pure consistency.

A massive congratulations to our very own Ben Wagenblast - New American Funding - NMLS #305176 for officially earning his spot in New American Funding’s Million Dollar Club for September! 🎉💼

Yes, you read that right—Ben also claimed this elite title in August! Hitting over $1,000,000 in closed loan volume for two consecutive months in today’s market is a testament to his relentless work ethic and deep commitment to our clients.

Behind every dollar of that volume is a family taking a major financial step: 🏡 Purchasing their beautiful new dream home right here in Central Oregon. 💸 Refinancing their current mortgage to secure a lower monthly payment, consolidate debt, or tap into their home equity.

Why work with Ben? Whether you are looking to purchase a new property or optimize your current mortgage, you’re working with a top-producer who knows how to deliver: 🔑 For Buyers & Realtors: He structures winning offers and navigates creative purchase options (like ARM programs, down payment assistance, and seller concessions) to get you to the finish line smoothly. 📉 For Current Homeowners: He monitors the market daily to build custom refinancing strategies, helping you lower your rate, drop your monthly payment, or leverage your equity when the timing is perfect.

Don't leave your next mortgage move to chance. Experience the confidence of working with a back-to-back top producer.

📲 Reach out to Ben today to get pre-approved for your next purchase or to get a free refinance strategy analysis!

10/02/2026

The home that seemed slightly outside your purchase price range may not be out of budget anymore. Here's why: Conforming loan limits are climbing. The single-unit figure is projected to hit $845,000, a bump from the current $832,750—and NAF is already writing loans at the new number, before the Federal Housing Finance Agency (FHFA) makes it official in November. That line is the dividing wall between Conventional and Jumbo financing. Jumbo means tighter qualifying rules, heavier documentation, and frequently a heftier down payment. Conventional means a smoother, more straightforward process. If a deal stalled just above the old limit, let's revisit it. Message our team and we'll run the numbers.

Address

755 SW 7th Street
Redmond, OR
97756

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+15416472383

Website

facebook.com

Alerts

Be the first to know and let us send you an email when New American Funding - Central Oregon posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.