New American Funding

Conventional Loans
Refinance & Purchase

	Fixed Rate Refinance or Purchase Loans
		Lock in your rate for the life of your loan Make sure your payment never goes up Get cash out – pay off high interest debt
	Adjustable Rate Refinance or Purchase
		Get the lowest rates and payment Get cash out – pay off high interest debt
	Interest Only
		Qualify for a higher loan amount Lower payments
	Jumbo Loans
		Higher loan amounts

Conforming Loans are those that meet Fannie Mae and or Freddie Mac underwriting requirements. In other words, income, credit, and property requirements must meet nationally standardized guidelines. Conforming loans are subject to loan amount limits that are set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). These limits vary based on the region in which the subject property is located as well as the number of legal units contained in the subject property.

Under the FNMA and FHLMC Charter Acts, the loan limits are 50% higher for first mortgages in Alaska, Hawaii, Guam, and the U.S. Virgin Islands.

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© 2009 New American Funding. All Rights Reserved. Important Information: This is an FHA program. Please call your local HUD office to verify or visit their web site at http://www.hud.gov/offices/hsg/sfh/fharesourcectr.cfm Current guidelines for FHA Financing can be found in HUD Handbook 4155.1, REV-4, CHG1, paragraphs 1-12. New American Funding is a Direct Endorsement FHA Lender. New American Funding is a Direct Endorsement (FHA) Government Lender.

*This 5/1 Adjustable Rate Mortgage (ARM) fixed for the first 60 months. Rates and terms effective 01/01/2010 and subject to change. Actual rate determined after receipt of a completed application and prior to execution of loan documents. The estimated payment amounts include principal and interest. Payments are based on the initial rate, current index and margin, and also take into account initial, subsequent, and lifetime rate caps. This is a variable rate loan and actual payment amounts will vary annually after the fifth year based on changes in the index. Your payment will increase and may increase substantially if interest rates increase. Payment will vary based on the specific terms of the loan, verification of information and credit.

*30 year fixed - Payment based on First Trust Deed with a 30-year amortization. APR and payment will vary based on the specific terms of the loan selected, verification of information and credit. Rates are subject to change. Conditions and restrictions apply. Not all applicants will qualify.