Choose a Loan That Meets Your Needs
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.
Our experienced mortgage experts will work with you to find the best types of mortgages for your individual needs. For those buying a home, we offer free up-front credit approvals and fast on-time closings to make your loan as simple and easy as possible.
Contact your New American Funding Sparks team to discuss your home financing options.
This government-endorsed loan program is designed for borrowers who have limited funds for down payment and closing costs, require more flexibility in calculating household income and payment ratios, and have limited cash reserves. · Purchase and rate/term refinancing · Owner-occupied primary residence · Down payments may be gifted 3.5% down
This program is for borrower who have a 20% 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
The VA home loan is designed to help make the dream of home ownership become a reality for millions of veterans and their families by providing housing and assistance opportunities. · No down payment required · Adjustable & fixed rate mortgage options · No monthly mortgage insurance premiums · Right to prepay loan without penalty
USDA loans are mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. USDA loans are available to home buyers with below-average credit, offer 100% financing with reduced mortgage insurance premiums, and feature below-market mortgage rates.
Seniors aged 62 and over are able to convert the equity in their homes to monthly income or a line of credit. Reverse Mortgages can also be used to purchase your retirement home.
Conventional loans are often not enough to cover the financing for high-priced luxury homes. A Jumbo mortgage is a privately securitized mortgage with higher payouts that can be used to finance up to 89 percent of your new home.
HOME IMPROVEMENT LOANS
Finance alterations, remodeling or structural improvements with one of our Home Improvement Loans. These loans allow your mortgage balance to exceed the purchase price or appraised value of the home, so you can take out extra money for upgrades.