Q:

Are NewDay USA loan programs for veterans only?

A:

Quick Answer

The NewDay USA loan program is available not only to veterans, but also to active military service members and any eligible spouses. The company's loan program can lend up to 100 percent of a home's value to any applicant who qualifies for it.

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Are NewDay USA loan programs for veterans only?
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Full Answer

On its official website, NewDay USA differentiates its program from traditional mortgage programs by highlighting that other programs typically require 20 percent of a home's value invested in equity. The company that operates the program uses NewDay USA as an official trade name and is legally registered as New Day Financial, LLC. As of 2015, the company is also a licensed mortgage banker with the NYS Department of Financial Services.

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