New American Funding Blog

The Path to Final Loan Approval: Know All the Conditions

By Rachel   |  October 26, 2016
Once you’ve obtained a preapproval or mortgage commitment letter, typically the lender approves your loan application based on conditions, which means you have to satisfy certain requirements before your loan is fully approved. Usually, those conditions fall into two categories: “prior to documents” conditions and “prior to funding” conditions. [More]

HARP: The Final Countdown to Savings

By Rachel   |  October 14, 2016
If you are among the more than 300,000 homeowners who still qualify for HARP refinancing, you could be paying more for your home’s current mortgage then you need to. [More]

House Hunting for One

By Rachel   |  October 5, 2016
In the past, home buying was typically associated with couples and families. Today, more and more single people, of all ages, are heading into homeownership. [More]

FHA Versus Conventional Mortgages: How to Find Acceptance Even with Weak Credit

By Rachel   |  September 14, 2016
Mortgage loans are like power tools: You get the best results by using the right one for the job at hand. For many borrowers that may mean bypassing the conventional route to find the one that fits your budget today and is the least likely to cause financial stress in the future. [More]

DIY Home Projects to Close Out the Summer

By Nicole Johnson   |  September 6, 2016
Before the fall sneaks up on you and your home, take advantage of the nice weather while it lasts and check these end-of-summer DIY tasks off your list. [More]

How to Prepare for a Home Appraisal

By Rachel   |  August 30, 2016
Whether you're moving into your first home or looking to secure a better rate on an existing home loan, an appraisal is likely in your future. [More]

Negotiable Mortgage Fees and How to Save by Reducing Them

By Rachel   |  August 23, 2016
A mortgage is a ticket to a new home and a stable life for many, but there are plenty of steps between searching for the right loan and actually setting foot in a house. [More]

4 Ways to Save While You Spend: Let Apps Like Ibotta and Acorns Do the Work

By Rachel   |  August 17, 2016
After making your monthly car, rent, and student loan payments, then spending what you need for essentials, saving money can be tough. If what you are trying to save for is a home, the prospect of putting away enough for a down payment may seem daunting, but it’s not impossible. [More]

Everything You Need to Know About VA Home Loans Part 2

By Courtney Lynch   |  August 16, 2016
VA loans have a number of incredible benefits, including no requirements for down payment or primary mortgage insurance. Before applying for a VA Loan, however, it is vital to confirm your eligibility. [More]

Everything You Need to Know About VA Home Loans Part 1

By Courtney Lynch   |  August 16, 2016
The VA loan program was created in 1944 as a way to help veterans and active members of the U.S. military achieve the American Dream of homeownership. [More]