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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.

REFINANCING WITH A FIXED RATE MORTGAGE

If you need to refinance your home loan, a Fixed Rate Mortgage can offer several benefits including: •Increasing cash flow and net worth. Refinancing your loan will often lower your interest rate and monthly payment, leaving you with more money in both the short and long term. •Consolidating debt.If you have high interest credit card debt, why not roll it into your low interest mortgage payment and save thousands over time. •Lower your interest rates. Many homeowners with an adjustable mortgage loan are able to refinance and switch to a Fixed Rate Mortgage in order to lock in the low rate for the remainder of the loan. •Improve your loan. If you applied for a mortgage with bad or no credit, your interest rate may be higher than the national average. By paying down debt, making payments on time and practicing responsible borrowing behavior, you can raise your credit score and refinance your loan for a better mortgage interest rate.

FHA HOME LOANS

Government insured FHA Home Loans are a popular loan for first time homebuyers because you do not need a large down payment to secure a first time mortgage. Typically, buyers may put down as little as 3.5 percent. Other benefits to an FHA Home Loan include: •Easier credit qualifying •Low closing costs •Less stringent debt ratios & job requirements •Gifts allowed towards the home down payment New American Funding offers FHA Home Loans with Fixed Rate Mortgages and Adjustable Rate Mortgages rates with flexible terms. For more information about buying a home with an FHA Home Loan, contact one of our mortgage specialists

ARE YOU A 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.

JUMBO LOANS

When it comes to Jumbo Loans, New American Funding has more to offer. With our unrestricted access to a variety of programs, our competitive rates and our rapid turnaround times, we simply deliver more.

VA HOME LOANS

Benefits to a VA Home Loan include: •No down payment required •Negotiable interest rates •Adjustable & fixed rate mortgage options •No monthly mortgage insurance premiums •No prepayment penalty •VA assistance to borrowers due to financial difficulty •Ability to finance the VA funding fee •Reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA compensation

REVERSE MORTGAGE

The first call with New American Funding is a chance for clients to get to know their Loan Officer and Reverse Mortgages in general. New American Funding wants all of its clients to have the information they need in order to make an appropriate decision for their unique financial situation without feeling pressured. If the client wishes to proceed, then the Loan Officer can provide them with a set of loan scenarios, reference materials, and a list of counseling agencies.

ADJUSTABLE RATE HOME LOANS

How can you tell if an Adjustable Rate Loan is right for you? An Adjustable Rate Mortgage is typically beneficial for: •Borrowers who need to keep their interest rate and payment low •Borrowers who often relocate every few years because of their career •Real estate investors who need investment property loans to purchase properties, renovate them, and resell the property after a few years •Growing families looking who may need a loan to buy larger home in the future

CONFORMING LOANS

Conforming loans are mortgages backed by Fannie Mae and Freddie Mac, here are some characteristics of this product here in Arizona. - minimum 3% down payment - maximum loan amount of $417,000 - more viable option with a 20% down payment, removes need for Private Mortgage insurance - to purchase second homes or investment properties - Can own up to 10 financed properties at one time