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, Down Payment Assistance, USDA, HARP 2.0, Jumbo, and Reverse Mortgages, as well as Downpayment Assistance Programs.
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 Southern Utah team to discuss your home financing options.
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.
The national conforming loan limit is currently $417,000. Some counties have high balance conforming loan limits above $417,000. In Boulder County, our high balance conforming loan limit is $474,750. We provide both 15, 20 and 30 Year Conforming Fixed Rate Loans as well as a full portfolio of Adjustable Rate Mortgages.
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.
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.
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.