Your Purchase Lender
Standard Programs
Conventional
• Down Payment as Low as 3%
• Fixed or Adjustable Rates
• Down Payment Assistance Programs Available
• Non-Occupying Co-Borrowers Allowed
FHA
• Down Payment as Low as 3.5%
• Lower Credit Score Flexibility
• Higher Allowable Debt to Income Ratios
• 100% Financing with DPA
VA
• 100% Financing
• No Monthly Mortgage Insurance Premiums
• Flexible Underwriting Guidelines
USDA
• 100% Financing
• Lower Credit Score Flexibility
• Gifts for Closing Costs Allowed
Jumbo
• Borrow up to $3 Million
• Credit Score as Low as 700
• Eligible for Primary Residence, Second Home or Investment Property
• Warrantable and Non-Warrantable Condos Permitted
Renovation
• FHA and Conventional Programs
• Purchase or Refinance
• Principal Residence, Second Home or Investment Property
• Ability to Finance Repairs and Home Improvements
Specialty Programs
NAF Cash
• Allows Buyer to Become a Cash Buyer
• Buyer Can Purchase New Home Without Selling Current Home
• Conventional and VA Loans Allowable
Lock In & Float
• Lock In Your Rate - Rate Can’t Increase
• If Rates Improve during Locked Period, You Can Float Down to a Better Rate
Bank Statement Program
• Self Employed Borrowers can use Business Bank Statements to Qualify
• Purchase New Home Without Selling Current Home –Exclude Payment in Debt to Income Ratio
• Purchase, Refinance or Cash-Out
• Primary, Second Home or Investment Property Eligible
NAF Bridge Loan
• Use Equity From Your Existing Home Towards the Purchase of a New Home
• Ability to Present a Strong Non-Contingent Offer, Giving You a Competitive Edge in the Market
• No Monthly Payments During the Loan Term Reducing the Financial Stress of managing Two Mortgage Payments
Buydown Options
• Lower Interest Rate for the First Few Years of Mortgage
• Available on Conventional, FHA VA and USDA Loan Products
• 1/0, 1/1/1, 2/1, and 3/2/1 Buydown Options Available
Down Payment Assistance
• Additional Funds for Down Payment and Closing Costs
• Chenoa
• Freddie Mac BorrowSmartSM
Recast Option
• Borrower can Reduce the Principal Balance
• New American Funding will Re-Amortize the Loan based on the Remaining Term and Payments will be Reduced
• Multiple Recasts can be Completed during the Life of the Loan
• PMI can be Eliminated in Some Scenarios