National Family Mortgage ®
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 study by Realtor.com, over 40% of first-time home buyers in 2020 received a down payment loan from a relative — usually from their parents or a sibling. However, as reflected in a 2016 study by Fidelity Investments ®, nearly 25% of adult children age 25+ believe they will have to help financially support their parents one day. Whether helping your adult children, your parents, or another immediate family member, 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, which developed the family lending business model in 2001. In 2007, Circle Lending was acquired by British billionaire, Sir Richard Branson, and re-launched as Virgin Money USA. By 2010, on the heels of the financial crisis, Virgin Money exited the US market, and Burke carried on with National Family Mortgage ®.
Since then, National Family Mortgage ® has facilitated over $1 Billion in mortgage loans between family members, helping thousands of families in every state across the US.
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 2019 edition of Nolo’s Essential Guide to Buying Your First Home.
By the Numbers
In loans between family members
Largest loan to date
Long-Term IRS AFR, Aug. '22
How It Works in Four Easy Steps
Gather information & submit online Setup Form
Documents emailed to family for review within 7 business days
Documents emailed to Borrower's closing agent for execution/recording
Lender disburses money to closing agent. Optional loan management & IRS tax data