#United States #Housing Market #Tustin #New American Funding #All-Cash Buyers

New Findings on All-Cash Buyers

New American Funding (NAF), an esteemed independent mortgage lender, has recently unveiled data marking the ten U.S. states where cash home purchases are most prevalent. This informative study sheds light on cash transactions, which constituted approximately 27% of all home purchases in 2024, according to an analytical review based on data from ATTOM.

Understanding the states leading this trend provides homebuyers with critical insights into the competitive landscape they may encounter. The list includes:

• - West Virginia (41.1%)
• - New York (40.4%)
• - Delaware (38.9%)
• - Georgia (37.5%)
• - Alabama (36.7%)
• - South Carolina (35.2%)
• - North Carolina (34.3%)
• - Louisiana (34.1%)
• - Maine (33.4%)
• - Ohio (31.5%)

These states encompass a wide variety of housing markets—from the more affordable regions like West Virginia to higher-cost areas such as New York. Within the context of today's housing market, cash offers are increasingly being made not only by investors or retirees but also by first-time buyers and those looking to upgrade their homes. They opt for cash to render their offers more appealing to sellers, expedite the buying process, and potentially realize savings in the long run.

Miguel Villegas, director of NAF Cash, emphasizes the strategic advantages of leveraging cash in real estate transactions: "Buyers are no longer constrained by the need to sell their existing home before purchasing a new one. This flexibility allows them to save money and transition into their new homes sooner."

Cash buyers enjoy several significant benefits:
1. Enhanced Negotiation Power: Cash offers are often more enticing to sellers, granting buyers an edge in competitive bidding scenarios.
2. Increased Certainty: Without financing contingencies, all-cash offers assure buyers that their dream homes won’t be compromised by unforeseen complications.
3. Accelerated Closings: Cash transactions generally involve fewer hurdles, allowing for quicker closures, which is particularly valuable in fast-paced markets.

Rhodabelle Braga, who recently relocated from Los Angeles to O'Fallon, Missouri, shared her experience: "NAF Cash transformed a potentially stressful cross-country move into a seamless transition. Making a cash offer prior to selling our California home enabled us to secure our desired house, enroll our children in school on schedule, and start our new jobs without the burden of managing multiple closings and mortgages. The peace of mind we gained was invaluable."

New American Funding not only tracks market trends but also provides invaluable tools and resources for prospective buyers looking to make all-cash offers. Their service, NAF Cash, empowers buyers to make competitive all-cash offers and helps them understand the prevalence of cash transactions in their desired areas through NAF Maps. This resource is accessible across all states and has successfully aided nearly 1,500 families in achieving homeownership on their terms, often with closing times as swift as 14 days.

For more information, visit the NAF Cash website. NAF Cash is an affiliate of New American Funding, a reputable mortgage lender managing a servicing portfolio exceeding 275,000 customers, valued at $71 billion, with 276 locations nationwide. Recently, NAF earned a place on the Fortune 100 Best Companies to Work For® list for 2025 and was recognized as one of America's Greatest Workplaces for Women, according to Newsweek. The firm is committed to providing state-of-the-art career training and equipping its loan officers with innovative technology to streamline the mortgage process efficiently.