National Family Mortgage

Founded in 2010, National Family Mortgage (NFM) is the leading online provider of solutions for families seeking to efficiently and responsibly structure real estate loans between relatives. Headquartered in Concord, Massachusetts, NFM emerged from a recognition of the significant financial and familial complexities that can arise when traditional mortgage lending practices intersect with intra-family transactions. According to a study by Realtor.com, over 40% of first-time homebuyers in 2020 received down payment assistance from a relative, usually a parent or sibling. These transactions, while well-intentioned, often lack proper documentation and legal framework, potentially leading to unforeseen tax liabilities and strained family relationships.

NFM was created out of a vision to empower families to navigate these complexities with confidence. Prior to founding NFM, its CEO, Timothy Burke, played a pivotal role at Circle Lending, a pioneering peer-to-peer lending company that developed the foundational family lending business model in 2001. When Virgin Money acquired Circle Lending and later exited the US market, Burke seized the opportunity to build upon the legacy of responsible family lending with the establishment of National Family Mortgage.

Since its inception, NFM has facilitated over $1 billion in mortgage loans between family members, helping thousands of families across all 50 states. The company's unwavering commitment to transparency, comprehensive legal and tax compliance, and a personalized client experience has earned it recognition as a trusted leader in the field of intra-family lending.

How NFM Works: A Simple, Secure Process

NFM's streamlined platform simplifies the loan process for both lenders and borrowers, ensuring a straightforward and secure experience. The process involves four key steps:

1. Gather Information: Borrowers begin by providing basic information about the loan request through NFM's online setup form.

2. Document Review: NFM carefully prepares and emails all necessary documents to the borrower's immediate family members for review within seven business days.

3. Execution and Recording: Upon completion of their review, the documents are electronically signed and sent to the borrower's closing agent for recording with the appropriate authorities.

4. Disbursal: NFM disburses the loan funds directly to the closing agent, ensuring a secure and timely transfer.

In addition to the core loan processing, NFM offers optional loan management services and complimentary IRS tax data, providing borrowers with continued support and peace of mind. This customizable approach ensures that NFM meets the unique needs of each family's financial circumstances.