Select the best mortgage loan program that fits your needs. Learn more about available New American Funding loan programs by clicking here (Opens in new window).
|Loan Product||Benefits to Borrower||Program Details|
|Fixed Rate Mortgages||Offers fixed monthly payment over the life of the loan. Payment remains constant throughout the loan term.||Guaranteed to remain fixed. Choose from 10, 15, 20, 25 or 30 year terms.|
|Making Homes Affordable (HARP)||Advantages include ability to finance with lower loan-to-value restrictions.||Fixed rate government sponsored program to help homeowners refinance.|
|Conventional Mortgage||Advantages include ability to finance real estate for the most qualified borrowers.||Fixed-rate programs available. Programs to finance conforming high balance areas.|
|FHA Mortgage||Advantages include low down payment, “less than perfect” credit higher debt to income ratios.||Programs are insured by the Federal Housing Administration. Many terms & options available.|
|USDA Mortgage||Advantages include no down payment, 100% financing for qualified buyers, and flexible qualifying.||Agriculture. Low mortgage insurance. Available in many rural locations across the United States.|
|VA (Veterans’) Mortgage||Advantages include no money down, 100% purchase money financing for military veterans.||Fixed-rate government program guaranteed by the VA, with additional government benefits.|
|Adjustable Rate Mortgage (ARM)||Advantages provide for initial lower monthly payments. For example, a 7 Year ARM will adjust after the first 7 years of the loan’s total term length.||Fully Indexed Rate contain index + margin with annual and life caps.|
|Jumbo Mortgage||Allows for financing on larger loan amounts to $2 million. (Brokered options may be higher.)||Fixed and variable-rate programs available. Chose fixed rate programs from 30 year or 15 years. Variables include 5, 7 and 10 year Arms.|
Ask us about FHA 203K loans as well, another program we offer for home purchases.