Health Editor’s Note: On 12/05/2018, the Fulton, Maryland-based NewDay unveiled Operation Home, a new program for VA transactions that eliminates the requirement for borrowers to bring money to the table for closing costs. Combined with the VA’s no-down payment financing, the program is designed to put a home purchase within reach for hundreds of thousands of veterans and service members. NewDay’s new ‘Operation Home’ VA loan program puts veterans and service members into homes and will help them to achieve the American dream of homeownership….Carol
FULTON, Maryland – Dec. 5, 2018 – NewDay USA, a nationwide VA mortgage lender, has announced Operation Home, a new program designed to help hundreds of thousands of active Service members and military Veterans purchase a home with no down payment and no money out of pocket for closing costs. The official launch of Operation Home coincides with NewDay’s sponsorship of this Saturday’s nationally televised Army-Navy football game.
While traditional VA mortgages do not require a down payment for qualified borrowers to purchase their homes, Veterans still need to bring money to the settlement table to cover closing costs. Many Veterans, however, would rather have the security of money in the bank, or be able to use their savings for the cost of moving or furnishing their new home. NewDay USA’s Operation Home program works with realtors nationwide to understand how to maximize a Veteran’s VA benefits.
“Veterans and their families have made great sacrifices to protect our freedom, and we want to help them achieve their own share of the American Dream,” said Rear Admiral Thomas Lynch USN (Ret.), Executive Chairman of NewDay USA. “With Operation Home, our Veterans will be able to purchase the home of their dreams without taking one dollar out of their pockets for a down payment or closing costs.”
NewDay employees come to work each day with the noble purpose of helping a Veteran buy a new home. Located at NewDay USA headquarters, NewDay University trains and develops mortgage bankers to counsel Veterans to understand their valuable VA benefits, and guide them through the mortgage process.
“With Operation Home, Veterans and active Servicemembers don’t have to save up to move up,” said Rob Posner, CEO of NewDay USA. “We have 500 employees who come to work every day with the sole mission of serving Veterans.”
About NewDay USA
NewDay USA is a nationwide VA mortgage lender focused on helping active military personnel, Veterans, and their families achieve their financial and housing goals. NewDay USA is also a Ginnie Mae (GNMA) approved issuer/servicer. The company employs best practices in mortgage lending and career growth for mortgage professionals. Consistent with its mission, NewDay is a philanthropic partner of numerous organizations focused on assisting military Veterans and their families in need. The NewDay USA Foundation provides four-year scholarships to the children of fallen and severely disabled military Veterans to attend JROTC military high schools across the nation. The company is also a major philanthropic partner of the Medal of Honor Foundation, the USO, Boulder Crest Retreat for Military and Veteran Wellness, and is a major sponsor of the Military Bowl. Community service and giving back in the form of volunteerism also plays a significant role among the NewDay USA workforce. NewDay USA is a registered trade name of New Day Financial, LLC, which is a key holding of Chrysalis Holdings, LLC, a premier private investment company focused on the financial services industry. For more information about NewDay USA, visit www.newdayusa.com.