Mortgage Expert
CurrentNew American Funding is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement – HUD Approved, and VA Automatic mortgage lender with approximately 800 employees and a servicing portfolio of over $10 billion. The company is licensed in 30 states with 29 branches and offers a variety of purchase home loan and refinance loan options. Here are some of the options we offer:Conventional• 90% CLTV Heloc (80 \ 10 \ 10)• Fannie Mae Direct Seller• HARP 2.0 Unlimited LTV \ CLTV• Freddie Mac Super Conforming Loan Program• Conventional Flips in the first 90 days• FNMA: 5-10 Financed Property guidelines• Non-Agency: 11-20 Financed Property Program• Non-Occupying Co-Borrowers using LP up to 95%• Delayed Financing-Cash out before 6 months• Manufactured HomesJumbo• Loan Amounts to $10 Million• ARM and Fixed Rate Investors in-house• Delegated Underwriting to $3 million • Asset Depletion- use assets for additional income to qualify• Cross Collateralization-use equity from other properties to help with down payment• Interest only available!!!Government• FHA 203K Rehabilitation Loans – Full Consultant and Streamline• VA to 580 Fico• CALHFA 99.5% In-House w/ 640 fico (FHA 1st w/ CHDAP 2nd)• FHA Jumbo• FHA Flips • FHA Purchase or Refinance to 580 Fico Score• FHA Streamlines to 640 FICO• City Down Payment Assistance Programs• Manufactured Homes• FHA Escrow Holdbacks allowed• FHA Back to Work Program 12 months after BK, Foreclosure, Short Sale, Loan Modification• FHA no FICO• USDA to 640 FICO
