VA Booklet

Page 1


HOME LOANS FOR HEROES

To honor your service, New American Funding provides the financial assistance and opportunities you need to achieve the dream of homeownership. We offer many programs to fit your needs. Whether you are Active Duty, a Veteran, or Married to Someone who Served, we are here for you!

NO MONEY DOWN

The VA Home Loan is designed to make homeownership a reality for millions of veterans and their families.

This Special Home Loan Has Many Advantages

• No Down Payment Required

• Va Funding Fee Can Be Financed

• Reduced Funding Fee And Exemptions (If Eligible)

• No Monthly Mortgage Insurance Premiums

• Flexible Credit Score Standards

• Adjustable And Fixed Rate Loans

• Direct Lender - No Overlays

• Pay No Money Out Of Pocket

VA ONE-TIME CLOSE

VA Loan Eligibility

• 90 Days of Service During Wartime

• 181 Continuous Days of Active Service During Peacetime

• 6 or More Years Of Service in the National Guard or Reserves

• Being the Un-Married Surviving Spouse of a Service Member Who Died in the Line Of Duty or as a Result of a Service-Related Disability

Securing financing to BUILD your dream home has never been easier. With a VA One-Time Close Loan from New American Funding, the money you need to purchase your property, pay for the home construction, and secure your mortgage is all wrapped up in one single loan.

Program Benefits

• Saves Money with only One Appraisal and One Closing

• 100% Financing

• One Time Approval Process

• Single Family Site-Built Homes, Modular Homes, and Manufactured Homes Eligible

NAF CASH

You can become an all-cash buyer to increase your home buying power.

Buying in cash means convenience, certainty, and may mean cost savings too. As a debt of gratitude for your service, we help give our veterans a fighting chance to compete and win the bid for the home of their dreams. Our affiliated company, NAF Cash, can help make you an all-cash buyer. Being an all-cash buyer helps your offer stand out in a multiple offer situation.

How It Works

1. Get Approved by New American Funding

2. Find Your Dream Home

3. NAF Cash Will Place a Cash Offer to Purchase The Home

4. Move Into Your New Home

5. Close Your Mortgage and Buy Back Your New Home

VA RENOVATION LOAN

Does the home of your dreams require some Fixing Up? Our VA Renovation Loan combines the cost of the home purchase and remodeling improvements into one convenient mortgage with 100% financing.

Program Highlights

• No Down Payment Required

• Up to $100,000 in Safety and Cosmetic Repairs Can be Financed

• No Mortgage Insurance

• Qualify with Regular VA benefits

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VA Booklet by NAFMidwest - Issuu