New Century Financial Mortgage is a licensed firm located between Fort Lauderdale and Miami in Aventura, Florida.
We are approved for the following business activities: Commercial mortgage brokering or lending, First mortgage brokering,High cost home loans,Lead generation, Mortgage loan modifications, Reverse mortgage brokering, Second mortgage brokering, Short sale in the state of Florida.
New Century Mortgage – About Us
Founded with a mission to provide new age home financing solutions for people craving a thoughtful, personalized approach, New Century Mortgage first entered the scene in Aventura, Florida. Since its inception, it has since grown to become one of Florida’s premier mortgage brokerages.
CEO and founder Michael Williamson humbly offers clients customized home financing solutions in combination with superior, high-quality guidance, while following the “know your client” rule. Having traveled the globe, living in areas from Monaco, to London, Manhattan, and all throughout Florida, Michael Williamson understands that no two client profiles are alike. Each requires its own personal attention and strategic plan. However, all final decisions are always left up to the client. Clients will always have 100% say in whatever rate is available to them.
Coming from an insurance and financial securities background, Michael’s tenure at the prestigious Cass Business School at the University of London, a top 15 global business school, inspired him to pursue a new approach to home lending that would elevate the client experience, offering more customer-oriented solutions and guiding them over the precipice into the new century. Our goal is to set the client up for success, as every loan must benefit the client.
The mortgage and real estate industries have both taken decades to make innovating strides in platform enhancements and digital processes. However, New Century Mortgage has been at the forefront of industry, leveraging innovations from multiple lenders, providing you with the best possible financing solution available.
Have you ever wondered how a mortgage broker compares to other lenders? New Century Mortgage has a unique edge over banks or credit unions because we incorporate a broader framework. This enables us to offer clients a variety of financing options by leveraging a myriad of lending relationships.
At New Century Mortgage, we pride ourselves on building private-client relationships above all else and trust. We’ve found that by asking the right questions and having meaningful conversations allows us to know our customer. We unpack your unique needs and come up with strategic solutions customized specifically to your interest.
How many times have you told a lender or broker, “well, another bank said they could do this” or “I went to my bank and they said they could offer…”?
Unlike with the national lenders where personal services goes by the wayside and where you are just another sale, here at New Century Mortgage we embed ourselves into the guidance component, making sure to only recommend financing solutions that align with your financial goals.
We strive to offer clients a tactful and streamlined application process leveraging a variety of digital platforms to help you make the right decision, lower or eliminate your out-of-pocket costs, and close with record speed. Some loans may even be eligible for an e-closing, which means you don’t have to travel to the title company to close.
We offer a luxurious and full-service approach, taking you from the initial consultation and navigating you through the entirety of the loan process, all the way through (and past) closing.
Our approach also provides you with other benefits, including:
- Custom built and tailored solutions around your individualized credit profile
- Independent analyses, uninhibited by biases, providing a more transparency
- Full digital suite of online tools and software to help streamline your application
- Credible background, packed with over 20 years of financial experience and expertise
- Support and remediation of any issues that come up from intake to close
Our Products and Services
New Century Mortgage’s unique competitive advantage over other lenders and brokers is that we offer a much larger selection of mortgage financing solutions. This allows us to truly recommend and customize exactly the type of solution that meets your particular needs.
Conforming Conventional Mortgage Programs
Want a typical, vanilla mortgage loan? New Century Mortgage offers conforming conventional mortgage loans, what sets us apart is our process and attention to detail.
Sometimes a conforming conventional loan may be the best solution, however New Century Mortgage will complete a full, in-depth analysis to understand and determine the full-extent of your financing needs before offering any mortgage financing solution. Our guidance may surprise you.
Affordable Lending Mortgage Programs
Some homebuyers may benefit from solutions that offer more flexibility when it comes to a required down payment. Borrowers looking for a more affordable solution may want to consider Fannie Mae’s Home Ready program or Freddie Mac’s Home Possible program.
Looking to combine down payment assistance, such as grants, no-interest or zero-interest second mortgages, or other available programs with your purchase? No problem. Both of these solutions work great for borrowers applying and using down payment assistance funds.
New Century Mortgage offers both of these solutions to borrowers that are interested in purchasing a new primary dwelling. Some benefits include:
Lower Down Payment Requirements
Cancellable Private Mortgage Insurance
Caps on Loan-Level Price Adjustments
Community Seconds and Other DPA Permitted
Think you make too much money to qualify for either Home Ready or Home Possible? While we can let you know our opinion, we might also recommend Freddie Mac’s Home One program which offers unencumbered restrictions on income for first time homebuyers.
Government-Backed Mortgage Programs
New Century Mortgage works with borrowers from all financial backgrounds. Had credit issues in the past? Don’t think your credit score will hold up when it comes to qualifying for new purchase or refinance? Think again.
As a full-service mortgage broker, New Century Mortgage offers clients flexible financing solutions including Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), and U.S. Department of Agriculture (USDA) mortgage loan programs.
While FHA programs are available to a broader audience, USDA and VA loans may be better if you’re a borrower within a niche target market.
USDA loans are geared toward assisting borrowers located or moving to more rural communities.
Similarly, VA loan programs can be quite lucrative for qualified U.S. military service members on active duty, reservists, or retired from service. Spouses of servicemembers may also qualify for entitlements.
FHA, USDA, and VA programs characteristically offer more liberal credit underwriting criteria as well flexible down payment requirements. Purchase and refinance programs are both available through each agency respectively.
Furthermore, these programs can often have more favorable repayment terms compared to conforming conventional mortgages since they are insured by the federal government. Overall, some benefits include:
Lower Down Payment Requirements
Flexible Income and Credit Underwriting
Enhanced Collateral Requirements and Standards
Foreign Investor and Jumbo Mortgage Programs
Have your eyes set on that extravagant villa in Key West, that beach house in Ft. Lauderdale, or that private mansion in Boca Raton?
New Century Mortgage specializes in high-end luxury real estate mortgages and can recommend a variety of financing solutions to get you on your way to rest and relaxation on your new private estate.
Luxury real estate is typified, in part, by the higher price point it carries, meaning if you are not paying cash then you will usually need a larger loan to make your purchase.
New Century Mortgage offers clients jumbo mortgage solutions that allow for higher loan amounts so you can purchase your dream home. Secure a sizable, non-conforming loan with flexible underwriting and collateral requirements.
Are you a foreign-investor looking to capitalize on the trajectory of the U.S. housing market? Or are you simply searching for that perfect second destination home? Then you’re in luck.
While traditional lenders may give you the runaround, New Century Mortgage can guide you on real solutions, getting you to the closing table faster. Some benefits to both programs include:
Sizeable Loan Limit Thresholds
Flexibility with Acceptable Collateral Types
Tempered Eligibility and Qualification Criteria
Reverse Mortgage Programs
Every borrower has unique needs which is why New Century Mortgage doesn’t just offer one or two mortgage loan programs. We offer a variety of options to meet the needs of all borrowers.
Reverse mortgage loans can benefit a lot of individuals. For instance, if you are over the age of 62, you should explore reverse mortgage solutions which may not even require you to pay off an existing mortgage loan.
Another advantage of reverse mortgages are that they are a great tool to help supplement retirement income. In addition, here are some benefits borrowers have found:
Access Available Equity
Provide Supplementary Income
Additional Stability During Periods of Volatility
Whether you are looking to make that new purchase or simply want to take advantage of the current mortgage interest rate environment, whatever your goals may be New Century Mortgage will be here to assist you, setting you up for success in this new century.
Call us today at (850)775-0135!
Have questions or want to learn more about any of our various mortgage financing programs?
*Terms and conditions apply
As always, talk to your lender regarding specific requirements.