Refinancing and Purchase Loan Options
Whether you’re a new home buyer looking for a first time mortgage or needing to refinance your home mortgage, there are hundreds of types of mortgages and refinancing loan options available, each with their own qualification and terms. Luckily, you don’t have to face it alone. At New American Funding, we understand that there is no one size fits all solution to home financing. Our experienced mortgage experts will work with you to find the best types of mortgages for your individual needs. For those buying a home, we offer free up-front credit approvals and fast on-time closings to make your loan as simple and easy as possible.
Fixed Rate Loans
With a Fixed Rate Loan, your interest rate and monthly payment will remain the same even if market rates increase. This loan is the most popular home loan because it offers the security of knowing exactly what your mortgage expenses will be for the entire length of the loan. We provide both 30 Year Fixed Rate Loans and 15 Year Fixed Rate Loans.
These are federally insured loans that offer financing to people who may struggle to qualify for traditional loans. Typically, FHA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than-perfect credit.