NewDay USA has rolled out NewDay Home, a product designed to help veterans and servicemembers achieve homeownership.
According to the West Palm Beach, Florida-based company, NewDay Home enables qualifying borrowers to secure a fully underwritten, credit- and income-approved mortgage with no money down at competitive rates. Veterans and servicemembers who are unable to cover closing costs can use NewDay Advantage for a combined loan structure that finances closing expenses over five years – with no interest if repaid in full within one year.
NewDay USA added that this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.”
“Homeownership is a pivotal life moment marking the beginning of a new chapter and is a right earned by our veterans and servicemembers through their sacrifice for our nation,” said Admiral Thomas Lynch, executive chairman of NewDay USA. “NewDay Home is a real solution that strengthens military families’ buying power in today’s competitive market. For many veterans, that means the ability to purchase a home without bringing a single dollar to the table upfront. Their service is their down payment.”
