NewDay USA Reverse Mortgage Review

#13 in Reverse Mortgages

NewDay USA offers mortgage loans approved by the U.S Department of Veterans Affairs. This firm provides reverse mortgage solutions to U.S veterans and their families. NewDay USA specializes in Mortgage Refinancing, Financing, and VA Loans.  

Services and Features     

New Day USA Reverse Mortgage is guaranteed by the U.S Department of Veterans Affairs. They offer long-term financing programs to eligible American veterans. Qualified veterans may process their reverse mortgage application within 30 days.

New Day Financial offers FHA backed mortgages, VA loans, refinancing of existing mortgages and reverse mortgages. The company has refinancing options for standard mortgages and FHA Loans. The refinancing process can be completed in about 10 business days.  

New Day Financial also provides a platform to homeowners for debt reduction. This program can be used by those who have available equity in their house. 

New Day Financial offers a $0 down home loan with no appraisal fee. The company will pay the client’s VA appraisal if they meet all the program's requirements and guidelines. However, this service is not available in the state of Washington.

Services and Features

Reverse Mortgage Calculator

Online Quotation

Refinancing

Financial Guide

Types of Reverse Mortgage

VA Loans

Single-Purpose Reverse Mortgage

Home Equity Conversion Mortgage

Proprietary Reverse Mortgage

Qualifications

Counseling

Home Owner

Amount of Equity

Not Stated

Age

62 and older

Accreditation

Member of US Department of Housing and Urban Development

Member of Nation Reverse Mortgage Lenders Association

Insured by FHA

Approved by Equal Housing Opportunity

Plan Details

No Pre-Payment

No Monthly Servicing

Not Stated

Interest Rate

Not Stated

Closing Cost and Fees

Not Stated

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at New Day USA

New Day USA is a good choice for veterans searching for reverse mortgage services. 

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