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.
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.
FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 this year.* Now may be the perfect time to purchase a new home with an FHA loan FHA Loans are great for first time buyers: • FHA allows a low down payment to buy a home • Purchase to 580 FICO • FHA allows 100% gift funds • Choose a 30 year or 15 year fixed rate loan, or an adjustable rate mortgage • Eligible properties: single-family, detached homes, 2-4 unit homes, condos, and manufactured homes
HARP 2.0 LOANS
With the recent changes to the government’s Home Affordable Refinance Program, termed HARP 2.0, New American Funding is helping responsible homeowners take advantage of today’s low interest rates! New American Funding is approved by Fannie Mae and Freddie Mac to originate HARP 2.0 refinance applications. This program is designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae or Freddie Mac mortgage loan, but may not have been able to refinance to obtain a lower payment or move to a more stable product due to not having equity in their home.
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.
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.
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