With HUD's Approval, Bryco opens the door for home ownership nationwide SAN FRANCISCO --Dec. 19, 2006--  Bryco Funding, Inc., a dynamic leader in flexible and personalized lending solutions, announced today that it has won licensing approval from the United States Department of Housing and Urban Development (HUD). As a newly-designated HUD lender, Bryco directly issues mortgage products insured by the Federal Housing Administration (FHA) nationwide.

“Receiving HUD’s approval is a milestone occasion for our company,” stated Bryce Angell, CEO of Bryco. “We are pleased that HUD recognized our dedication to satisfying the unique needs of our borrowers, and we are looking forward to expanding our services to a new market segment.”       

Bryco is now one of only 23 mortgage lenders in San Francisco to receive HUD’s approval.  To obtain this designation, Bryco satisfied rigorous criteria, including minimum net worth requirements and personnel qualifications.  Bryco also implemented an extensive quality control program, insuring impeccable quality in both its underwriting and processing departments.

Ali Vafai, Chief Operating Officer of Bryco commented, “As a government HUD-approved lender, we can now accommodate the widest spectrum of homeowners with an array of unique and flexible products. Our goal is to help every customer achieve their dream of homeownership, and FHA-insured products will help us move further in that direction.”

FHA-insured loans are attractive options for consumers with credit challenges.  Compared to credit requirements established by many lenders for other types of home loans, FHA focuses only on a borrower’s last 12-24 month credit history.  With less restrictive income qualifications and FHA regulated closing costs, refinancing a non-prime home mortgage with an FHA-insured loan is an attractive option for consumers who find it difficult to qualify for conventional or non-prime loan scenarios.  “Understanding the unique challenges of our clients and responding with innovative loan products is our specialty. We are constantly reinventing our programs as the market shifts and the needs of our clients change,” stated Angell.

About Bryco Funding Inc.
Bryco Funding Inc., headquartered in the heart of San Francisco’s financial district, leads the national mortgage industry with a focus on personalized customer service and lending flexibility. A direct lender, Bryco matches competitive loan programs with the widest array of homeowner needs on the market. Bryco’s mission is to fulfill customers’ expectations of homeownership and financial freedom across the United States from origination to close via a fast, hassle-free loan process. Bryco stands staunchly behind its motto: Loans. Not Limitations.™ For more information about Bryco, please visit http://www.brycofunding.com.

Media Contact: Chelsea Brown
Phone Number: 415.321.3367
E-mail: ChelseaBrown@brycofunding.com