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La Llave de tu Sueno Americano

A partir del ano 2000, los propietarios de viviendas en la problacion Hispana han experimentado una tasa de crecimiento del 67%.  

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Disclosures

The advertised loan is a 30-year fixed loan with a 30-year fully amortizing term with a one year lender paid buy down. A portion of each monthly payment for the first 12 months will be prepaid by the lender and held by the lender to supplement the buyer’s required monthly payment. The buyer required monthly payment is calculated using an interest rate 1% below the note rate for the first 12 months. Initial interest rate is 2.990% for the first 12 months. Based on an example First Trust Deed of $417,000, the initial monthly payment will be $1,756 for the first 12 months. After the initial 12 month-period, the interest rate will adjust to the note rate of 3.990% and a payment of $1,988. The example is based on an 60% loan-to-value (LTV). The Annual Percentage Rate (APR) is 3.936%. There is no prepayment penalty. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Rates and terms are effective 12/2/2016 and are subject to change without notice. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Conditions and restrictions apply. Not all applicants will qualify.

The advertised loan is a 7/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term. The initial interest rate is 2.875% for 84 months. The disclosed APR is based on the payment of 1 discount points. For a $400,000 loan, there is a 3.492% APR with an initial monthly principal and interest payment of $1,660 for the first 84 months. After the initial 60 month period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (1.643% as of 12/2/2016) plus a margin of 2.250%. There is no prepayment penalty. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 80% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rates and payments may increase after consummation. After the initial 7 years, the interest rate can change annually and is subject to an initial interest rate cap of 5.00%, an annual rate cap of 2.00% every year after and a lifetime cap of 5.00% (7.875% for this example). If the interest rate adjusted to the maximum rate, which could not occur until after the fifth year, the maximum monthly payment would be $2,900 based on current index value for LIBOR. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Interest rate and APR are variable and subject to increase or decrease. Not available in all states. Rates and terms are effective 12/2/2016 and are subject to change without notice. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Conditions and restrictions apply. Not all applicants will qualify.

This is a VA program. Current guidelines for VA Financing can be found at http://www.benefits.va.gov/homeloans/index.asp. The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term. The initial interest rate is 2.750% for 60 months. The disclosed APR is based on the payment of 2 discount points. For a $400,000 loan, there is a 3.403% APR with an initial monthly principal and interest payment of $1,633 for the first 60 months. After the initial 60 month period, the variable interest rate and payment will adjust every year and equal the total of the 1-year Treasury index (0.820% as of 12/2/2016) plus a margin of 2.250%. There is no prepayment penalty. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 100% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rates and payments may increase after consummation. Rate is variable and can increase by no more than 1 percentage point every year after the initial period expires, with a lifetime maximum adjustment of 5.000% (7.750% for this example). If the interest rate adjusted to the maximum rate, which could not occur until after the fifth year, the maximum monthly payment would be $2,866. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Interest rate and APR are variable and subject to increase or decrease. Not available in all states. Rates and terms are effective 12/2/2016 and are subject to change without notice. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Conditions and restrictions apply. Not all applicants will qualify.

This is an FHA program. Please call your local HUD office to verify or visit their web site at http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing.  Current guidelines for FHA Financing can be found in HUD Handbook 4155.1, REV-4, CHG1, paragraphs 1-12. The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term. The initial interest rate is 2.750% for 60 months. The disclosed APR is based on the payment of 1 discount points. For a $400,000 loan, there is a 4.119% APR with an initial monthly principal and interest payment of $1,633 for the first 60 months. After the initial 60 month period, the variable interest rate and payment will adjust every year and equal the total of the 1-year Treasury index (0.820% as of 12/2/2016) plus a margin of 2.250%. There is no prepayment penalty. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 80% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rates and payments may increase after consummation. Rate is variable and can increase by no more than 1 percentage point every year after the initial period expires, with a lifetime maximum adjustment of 5.000% (7.750% for this example). If the interest rate adjusted to the maximum rate, which could not occur until after the fifth year, the maximum monthly payment would be $2,866. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Interest rate and APR are variable and subject to increase or decrease. Not available in all states. Rates and terms are effective 12/2/2016 and are subject to change without notice. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Conditions and restrictions apply. Not all applicants will qualify.

The advertised loan is a 15-year fixed loan with a 15-year full amortizing term. The interest rate is 2.750% for 180 months. The disclosed APR is based on the payment of 2 discount point. For a $400,000 loan, there is a 3.097% APR with 180 monthly payments of $2,714. There is no prepayment penalty. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 80% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Rates and terms are effective 12/2/2016 and are subject to change without notice. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Conditions and restrictions apply. Not all applicants will qualify.

FHA Program - Please call your local HUD office to verify or visit their web site at this HUD approved link: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing. 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) Government Lender.

Home Affordable Refinance Program - Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP.  You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: http://fanniemae.com/loanlookup/ or https://ww3.freddiemac.com/corporate/ Conditions and restrictions apply. Not all applicants will qualify. Full appraisal is required for manufactured homes.

Loan Programs are offered by Broker Solutions Inc. dba New American Funding.