About Home finance of America

     

Home Finance of America's Mission

Our mission at Home Finance of America is to provide the most qualified borrowers with the bargain home financing options and programs that they deserve. Our employees will commit to upholding fair and honest business practices beginning at the moment a perspective client first contacts our organization throughout the entire mortgage process.

Company History and Philosphy

Home Finance of America was founded in 1993.

What differentiates Home Finance of America from our competitors is our two strategic business philosophies that have remained our longterm keys to success.

1. We will always comitt ourselves to offer the lowest rates and fees to the borrowers that deserve them.
2. We must always be honest with our customers and structure our business practices in ways that puts their best interest first.

To uphold the first of these philosophies we price our products at abnormally low profit margins. In turn, we've enjoyed the sucess of generating more business by offering the most competative mortgage programs available. HFA sees mortages as commodities; smart customers choose the best deal, period.

"Even in the most difficult economic times, people want to buy or refinance a home at the lowest rates. People used to look at the name of the mortgage lender, but a brand name is no longer enough" says founder and CEO David Davitch. "People have learned that they can't always trust a name when they're making one of the most important investment decisions of their lives. When you compare apples to apples, you'll find that our rates will beat the big banks and other big name lenders almost every time. The names you thought were looking out for you best interest are not."

In a revolutionary industry concept, our Loan Originators and sales staff would not be compensated on yield spread by offering higher rates and fees. This radical idea motivates our Loan Originators to look out for our client's best interest and not push higher rates and fees to put more money in their pocket.

During the subprime lending crises of 2008 we were only one of a few privately held lenders enjoying success. Unlike most lenders, HFA has never originated subprime loans or lent money without adequately documenting a borrower's income and assets. "We were sharp enough and fair enough to recognize that subprime lending does not serve the customer's best interests," says Davitch. "We were there to provide the best possible solution to our customers' home mortgage needs."

Since our founding in 1993 we've grown from a small mortgage brokerage firm in the Philadelphia suburbs to one of the Top 10 Direct Online Mortgage Lender's in the nation. HFA currently holds lending licenses in over 20 states across the country and we've funded over $15 billion in residential mortgages.

Today we are currently one of the largest privately held direct mortgage lenders in the country and are looking forward to making you part of our extended family.

At Home Finance of America our goal is to offer you low mortgage rates and the best service available. Call us toll free at 800-358-LOAN (5626). Or, Apply Online using our secure server today. It only takes minutes and a Mortgage Professional is available to help you 7 days a week!