Two veteran note buyers with similar approaches — here's where they differ
American Funding Group (BuyMortgage.com) is a veteran-owned note buyer with 35+ years of experience. Both companies offer 24-hour quotes and zero seller fees. The differences are in speed, guarantees, and technology.
| Factor | NBOA | American Funding Group |
|---|---|---|
| Founded | 1997 (29+ years) | 1989 (35+ years) |
| Quote Speed | Within 24 hours | Within 24 hours |
| Closing Timeline | 21 days avg (5-day fastest) | 3–4 weeks |
| Close Rate | 100%* | Not stated |
| Price Guarantee | $500 Better Offer Guarantee | Not stated |
| Re-Trade Policy | No re-trades | Not stated |
| Technology | AI-powered platform | Online quote form |
| Seller Fees | $0 | $0 |
| BBB Rating | A+ Accredited | A+ |
| Reviews | 5.0 (10 Google) | 5.0 (31 Birdeye) |
| Business Model | Hybrid (direct + 90 investors) | Direct buyer (cash) |
*On deals without title or legal defects.
Both companies provide initial quotes within 24 hours, putting them among the fastest in the industry for initial response. The difference shows up at closing: NBOA averages 21 days while American Funding Group takes 3 to 4 weeks after due diligence.
NBOA's fastest recorded close is 5 days — possible because AI-assisted underwriting can compress the due diligence timeline when documents are clean and the property data checks out.
Both companies charge zero seller fees and cover all closing costs. The key difference is NBOA's $500 Better Offer Guarantee — if another buyer offers more, NBOA beats it or pays you $500. American Funding Group does not advertise an equivalent guarantee.
NBOA also maintains a strict no re-trade policy. American Funding Group does not publicly address re-trades. Kevin Clancy's 35+ years of reputation suggests fair dealing, but a formal written policy provides an additional layer of protection.
American Funding Group buys notes directly with cash — they don't broker notes or use intermediaries. Kevin Clancy, the president and founder, is personally involved in transactions. For sellers who want a straightforward, personal relationship, this works well.
NBOA's hybrid model adds a layer: beyond direct purchasing, NBOA shops your note to a network of 90+ institutional investors. This competitive dynamic can push your price higher than what a single direct buyer would offer, since multiple capital sources are bidding on your note.
NBOA operates a purpose-built AI platform that automates property valuation, document analysis, and deal structuring. This technology enables the faster closing times and more consistent pricing.
American Funding Group uses a more traditional approach with an online quote form and phone-based communication. Their website (BuyMortgage.com) includes educational content for sellers, but there's no seller portal or automated valuation tools.
Both companies are honest, experienced note buyers with strong reviews. The choice comes down to what you prioritize.
Both are veteran note buyers with A+ BBB ratings and zero seller fees. NBOA offers a $500 Better Offer Guarantee, 100% close rate, AI-powered pricing, and a 21-day average close. American Funding Group is veteran-owned, founded in 1989, provides 24-hour quotes, and closes in 3-4 weeks.
American Funding Group typically closes in 3 to 4 weeks after due diligence. NBOA averages 21 days with a fastest recorded close of 5 days. Both companies provide initial quotes within 24 hours.
American Funding Group does not advertise a price guarantee. NBOA offers a $500 Better Offer Guarantee — if you receive a higher verified offer from another buyer, NBOA will beat it or pay you $500.
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