Headquartered in Concord, Massachusetts, National Family Mortgage ® is America’s premier online solution for helping families properly structure and manage real estate loans with their relatives.
According to a 2011 national survey commissioned by Better Homes and Gardens® Real Estate, more than two-thirds of all baby boomers said they want to provide future financial support for their children or grandchildren to purchase a home. According to Fidelity’s 2014 Intra-Family Generational Finance Study, more than 1/4 (29%) of adult children age 30+ believe they will have to help their parents financially. National Family Mortgage ® helps minimize the legal and federal tax consequences that can occur when family real estate loans and financial gifts are handled informally or improperly.
National Family Mortgage ® is a continuation of Founder and CEO Timothy Burke’s commitment to leveraging the internet to empower consumers to efficiently build, protect, and transfer family wealth. Prior to founding National Family Mortgage ®, Burke was a key member at peer-to-peer lending pioneer Circle Lending. In 2007, Circle Lending was acquired by British billionaire, Sir Richard Branson, and re-launched as Virgin Money USA. Mr. Burke and his teams have facilitated over $1 Billion in peer-to-peer lending volume.
Mr. Burke holds an MS in Philanthropy from Suffolk University and a BA in English from Boston College. A recognized expert on intra-family loans, Burke has been interviewed and quoted in top financial publications, including, The Wall Street Journal, The New York Times, Kiplinger, AARP, and syndicated columns nationwide. Mr. Burke is also a featured expert in the 2016 edition of Nolo’s Essential Guide to Buying Your First Home.
- Loans funded to date: $601,628,080
- Total interest kept in family: $276,931,647
- Smallest loan to date: $11,100
- Largest loan to date: $2,500,000