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.

Down Payment Assistance

You may qualify to buy a home with little to ZERO down with New American Funding’s Down Payment Assistance Programs. Some programs even assist with closing costs!

FHA LOANS

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.

USDA Loans

USDA Loans are mortgages backed by 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.

CONFORMING LOANS

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.

Jumbo Loans

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.

VA Loans

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