Business Details
39 Years
experience
Trusted Mortgage Lending Services in River Edge, NJ
Founded in 1987, Approved Funding has established itself as a trusted regional mortgage lender committed to providing tailored mortgage solutions. Our team leverages decades of industry experience and advanced technology to deliver efficient, cost-effective lending services. With a focus on Service, Integrity, and Professionalism, we have closed billions of dollars in mortgage transactions while maintaining a client-centric approach.As a direct lender, we control every step of the loan processfrom underwriting to fundingensuring streamlined decisions and personalized support. Our reputation for reliability and expertise has made us a preferred choice for homebuyers and homeowners seeking customized mortgage programs.
Services
Home Purchase Loans
Refinance Loans
FHA Mortgage Loans
Jumbo Mortgage Program
Home Equity Lines of Credit
Details
- Year established: 1987
Highlights and features
- We offer over three decades of mortgage lending expertise.
- Our direct lending authority ensures faster loan approvals.
- Personalized service tailored to unique client needs.
- Advanced technology streamlines the mortgage process.
- Proven track record of closing billions in satisfied loans.
What people say
Finest Customer Service
Top notch and straightforward
True professional
Smooth and easy process
Highly recommended
Services
Home Purchase Loans
Approved Funding provides customized home purchase loans tailored to first-time buyers and seasoned homeowners. Our programs include conventional, FHA, and specialty mortgages with competitive rates. We streamline the approval process using advanced technology while maintaining personalized guidance for a seamless homebuying experience.
Refinance Loans
Our refinance options help homeowners reduce monthly payments, shorten loan terms, or access equity. Services include rate-and-term refinancing, cash-out refinancing, and no-closing-cost programs. We specialize in complex scenarios like non-warrantable condos and extended rate locks, ensuring flexible solutions for diverse financial goals.
FHA Mortgage Loans
FHA loans cater to borrowers with lower down payments or credit challenges. Approved Funding offers fixed and adjustable-rate FHA programs with lenient qualification criteria. Our team guides clients through government-backed financing options, ensuring accessibility to homeownership while adhering to strict compliance standards.
Jumbo Mortgage Program
For high-value properties, our jumbo mortgage program provides financing up to $10 million. Options include fixed or adjustable rates with competitive terms. We simplify the underwriting process for luxury homes or investment properties, offering tailored solutions that balance flexibility and financial prudence.
Home Equity Lines of Credit
Home Equity Lines of Credit (HELOCs) allow homeowners to leverage property equity for renovations, debt consolidation, or investments. Approved Funding offers flexible terms and competitive rates, with streamlined approvals for primary residences, second homes, and investment properties meeting minimum equity requirements.
People
Shmuel Shmuel Shayowitz
President and Chief Lending Officer
Shmuel Shayowitz, NMLS#19871, has facilitated over $3 billion in mortgages over 20+ years. A certified mortgage underwriter and real estate appraiser, he combines lending expertise with community leadership. Recognized as a Forbes Real Estate Council member and Five-Star Mortgage Professional, he drives Approved Funding's client-focused philosophy.
Questions
What mortgage programs does Approved Funding offer?
We provide home purchase loans, refinancing options, FHA loans, jumbo mortgages, HELOCs, and specialty programs like no-closing-cost or mini-jumbo loans.
Can I refinance with bad credit?
Our FHA refinancing and flexible underwriting guidelines may accommodate lower credit scores. Contact us for personalized options.
How do I start a mortgage application?
Begin with a free rate quote online or contact our team at (800)475-0123 to discuss your goals and documentation requirements.
Are there first-time homebuyer programs?
Yes, we offer discounted closing costs and low down payment options for first-time buyers under our FHA and specialty mortgage programs.
What areas do you serve?
We operate in New Jersey and surrounding regions, with licensing in multiple states for home purchase and refinance transactions.
Is Approved Funding a direct lender?
Yes, we are a privately held mortgage bank that controls the entire loan process from approval to funding without third-party reliance.
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