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Sonoma County Mortgages

Contact Us About Mortgage Financing

All financing provided by New American Funding

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Sonoma County Mortgages is a part of New American Funding

New American Funding - NMLS #6606

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FHA Loans

Many of the mortgages being originated in Sonoma County are FHA loans. FHA loans are insured by the Federal Housing Administration under Housing and Urban Development (HUD).  The FHA does not make these loans, the lender does. The FHA insures the lender against default. FHA loans are quite popular due to expanded loan qualifying standards. These loans offer nontraditional credit qualifying unlike conventional mortgages. The FHA insures the loan being made against a primary residence refinance or purchase.

FHA Loan Benefits:

  • Are you buying your first home and don’t have a big down payment?
  • Do you presently have an FHA loan with a high interest rate?
  • Maybe you’re considering buying another primary residence and want to stay little more liquid?

FHA Loans offer they make sense mortgage loan scenario. FHA loans are a helpful loan program for first-time home buyers as well as move the buyers looking to put his little down as possible on the purchase of a primary residence.

FHA loans are also another terrific opportunity for refinancing purposes. Doing debt consolidation? Cashing out on your home equity? How about a low appraisal situation? In many cases an FHA loan can help a current homeowner take advantage of today’s low fixed mortgage rates while the same time saving thousands of dollars in interest.  Learn more about FHA loans in these topics:

Get An FHA Mortgage Rate Quote
FHA Mortgage Insurance Premiums To Rise April 2012

The FHA Loan Limits Are Back!

Bad Credit Mortgage Hello Government Loan

FHA Condo’s VS. Pud’s

FHA Loan Which Properties Qualify?

FHA Rehab 203k Loan:The Truth

Getting Pre-approved For An FHA Home Loan

Understanding FHA Loans

The No Appraisal No Income Verification FHA Streamline Refinance

FHA Streamline Refinances:

FHA Streamline Refi’s: HUD Reduces MI For Loan Taken Out On Or Before May 31, 2009

FHA Streamline Refinances Require No Income Verification & No Property Appraisal

FHA Loan Highlights:

  • Purchase a home with as little as 3.5% down
  • Refinance up to 98% of the value of your home
  • Refinance a current FHA loan out an appraisal
  • Refinance cash out up to 85% of the value of your home
  • Less than perfect credit scenarios permitted
  • Previous short sale ok  (certain terms apply
  • Previous bankruptcy ok (certain terms apply)
  • Previous foreclosure ok (certain terms apply)
  • Co-signors are permitted
  • FHA Loans are assumable
  • Seller can contribute up to 6% of the purchase price for home buyer’s closing costs

How FHA Loans Work

  • Chose from 30-, 15-year fixed rates
  • FHA Loans contain two forms of mortgage insurance an upfront premium and the monthly premium
  • Principle and interest payment will not change over the length of loan
  • Mortgage insurance can be removed after 60 months and 20% equity
  • Mortgage payment will actually drop when mortgage insurance is removed
  • No prepayment penalties

FHA Loans are an excellent choice of financing for loan down payment scenarios, less than perfect credit situations as well as unique scenarios for purchasing or refinancing Sonoma County Real Estate. Discover what your mortgage payment will be by getting mortgage rate quote today. We also offer a complementary online mortgage prequalification for your convenience without any obligation. Get preapproved for your FHA loan today!

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Location & Contact

Sonoma County Mortgages and New American Funding are an Equal Opportunity Housing Lender

Scott Sheldon, Senior Loan Officer
NMLS ID# 287389
2455 Bennett Valley Road C107
Santa Rosa, CA 95405
1-707-217-4000
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NMLS Consumer Access © New American Funding. All rights Reserved. NMLS ID#6606.
Corporate Office 14511 Myford Road, Suite 100, Tustin, CA 92780. We at New American Funding take great pride in our customer service and make it our number one priority. We encourage you to contact us for complaint resolution or any post-closing questions you may have regarding the servicing of your loan. We strive to have your experience with New American Funding a stellar one. In the rare case that our service did not meet your expectations, please call our customer care hotline at 1-800- 450-2010, ext. 7100 or you may contact us by email customerservice@nafinc.com. Please leave a detailed message and we will follow up with you no later than the end of the next business day. If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800-450-2010 Ext. 7100 for assistance.

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