Driven by our long-standing mission to serve underserved communities; Latino Focus is an industry leader in supporting Hispanic borrowers fulfill their dream of homeownership. In fact, New American Funding is one of the top lenders to Hispanic and Black borrowers.
In 2013, New American Funding formed its own Latino Focus Committee. This purpose driven group works cohesively to enhance the quality of the lending experience among Hispanic consumers and aims to enrich the Hispanic community through homeownership. By serving our communities, we are able to increase sustainable Hispanic homeownership across America.
The mission of New American Funding's Latino Focus Committee is to identify and address challenges Hispanic consumers face in their pursuit of homeownership. Latino Focus also seeks to raise awareness and help increase homeownership in Hispanic communities through homebuyer education, accessibility to credit, and mortgage industry career opportunities.
Committed to lending $25 billion in new mortgages to Hispanic borrowers by 2024
Largest Hispanic-owned mortgage lender in the U.S.
We have multiple branches in 4 of the 5 main Hispanic markets within the U.S.
More than 40% of New American Funding's workforce are minorities
First-time homebuyers in select areas may be eligible for up to $8,000* in down payment and closing cost assistance
Clients may be able to refinance with no repeat lender fees or appraisal fees** if rates drop in the next five years
*Based on 2022 HMDA data from ComplianceTech's Lending Patterns HMDA software
We are very clear in our mission to mirror the communities we serve, meaning we have purposeful and meaningful recruiting in diverse areas. We pull people up from within the company, so we have leadership that resonates with our employees. Our company is great because of the people, the diversity, and the inclusive part of what we do.
Patty Arvielo
Co-Founder, President
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