There's a new lender coming to town: VFC Home Inc.
Details are sketchy at the moment but we do know that VFC Home will distribute its mortgages through the broker channel. Word is, they will offer "near prime" products and launch in January, but we can't confirm either just yet.
VFC Home's parent, VFC Inc., was founded in 1994. It operates nationwide as a subsidiary of TD Bank. The company's business presently centers around consumer lending and automotive finance.
We don't have much more information on VFC at the moment. We hear they're unveiling their products officially next week at the CAAMP Expo in Vancouver so we'll report back then.
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As a side note, the company has recently been advertising a variety of job openings. Here is one recent opening for an underwriter position.
Last modified: November 25, 2008
I am very excited to see this program launch shortly. I have some friends that are long time VFC employees (on the auto finance side), and all I could eek out is that they will do up to 95% ltv self insured. Nice to see another option with the demise of so many non prime lenders in the last year and a half…
“Nice to see another option with the demise of so many non prime lenders in the last year and a half…”
Hi John, You can say that again!
Very pleased and excited to hear more about this new lender and products as it will be a breathe of freah air to those that do not qualify due to the sub-prime drop
Any idea what the rates and lending areas are?
Good info post. Thanks for sharing this post.