Learn More About Products Available to You
Every story of home buying is unique, so we offer a variety of loans to meet our clients’ needs. We specialize in Conventional, FHA, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo, and Reverse Mortgages.
First Time Homebuyer
Buying your first home can be overwhelming, but the benefits of being a first-time homebuyer make it all worthwhile. New American Funding has home loan experts who specialize in first-time homebuyer programs. They can help you through the process of buying your first home and securing a first time mortgage.
These are federally insured loans that offer financing to people who may struggle to qualify for traditional loans. Typically, FHA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than perfect credit.
Active duty military personnel and veterans can qualify for special mortgage rates and housing programs that are federally insured by the United States Department of Veterans Affairs.
Home Improvement Loans
Combine a construction loan and mortgage into one low-rate loan that can fund the entire purchase and renovation project. A few projects that qualify include energy efficient upgrades, disability improvements, plumbing and electrical upgrades, new kitchen appliances, landscape improvements, septic or well systems, removal of lead-based paint, and adding carpet, tile or wood flooring.
This program is for borrower who have little to no down payment, would like to avoid payment mortgage insurance premiums, are looking to purchase or refinance a primary home, second home or investment property, and would like a 30-year term or no conventional I/O. · Purchase and rate/term refinancing · No up-front mortgage insurance premium required · Owner-occupied, second homes and investment properties.
Older homeowners are able to manage their retirement finances by allowing borrowers to convert a portion on their home equity into liquid assets. The benefits of a reverse mortgage include protection of heirs, reduced expenses, extended savings and the ability to retain ownership with no monthly mortgage payments.