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:
- Fixed Rate and Adjustable Rate Mortgages
- Reverse Mortgages.
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. 100% Financing down to 580 credit score!
VA IRRRL (Interest Rate Reduction Refinance Loan)
IRRRL stands for Interest Rate Reduction Refinance Loan. Some might refer to this type of refinance as a “VA Streamline” or “VA to VA.” This product is used when refinancing an already existing VA backed loan. Minimal Documentation No Appraisal Required No Money Down No Mortgage Insurance 30, 25, 20, & 15 Year options
These are federally insured loans that 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. As little as 3.5% down payment May qualify for down payment assistance programs that will cover your 3.5% down payment Credit scores as low as 580 Can be used on manufactured homes (double wide)
The USDA RD guarantee loan program enables eligible home buyers to purchase a home with $0 down while also obtaining a favorable interest rate. The program is primarily designed to be used by low to moderate-income individuals and families in rural areas • $0 down payment is required to purchase a home guaranteed by USDA • Credit scores as low as 580 • There’s no maximum purchase price • Flexible credit guidelines make it easier to get approved
Conventional Loans (Freddie Mac & Fannie Mae)
Conventional mortgages are your loans that are not insured or guaranteed by the federal government. A conventional, or conforming mortgage adheres to the guidelines set by Freddie Mac or Fannie Mae.
Down Payment Assistance
New American Funding offers a variety of down payment assistance programs that help you to obtain homeownership with little to no money down.