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FHA Versus Conventional...

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.  

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I CAN Mortgage

The I CAN Mortgage is designed to provide maximum flexibility with regard to choice of loan terms. It can be adapted to suit your individual goals, circumstances and budget. On any of New American Funding's fixed rate purchase or refinance loans, you can choose the loan term that is most suitable and desirable for your situation—whether it’s 8, 12, 16, 24 or 30 years—you decide the loan term that works best for you.

The I CAN Mortgage offers a wealth of options to assist your specific needs and intentions. Whether the goal is retirement, or to accommodate college tuition payments, or to pay off a mortgage early, the I CAN Mortgage can be customized to your life events and circumstances.

Benefits of I CAN Mortgages:

Works with Your Budget: Tell us what your budget is and our team of mortgage specialists will choose a loan term that will help you achieve your financial goals, and stay within your budget.

Pay Off Your Loan Faster: If you want to pay off your loan quickly, you may be able to refinance into a lower rate and a lower term.

Flexibility: Let’s say you’re seven years into your current loan and wish to refinance to take advantage of our low rates, but you don’t want to go back to a 30-year term. No problem! We’ll set you up with a 23-year term, at a potentially lower rate.

Customization: Whatever your personal circumstances might be, the I CAN mortgage can be customized to suit your needs. Whether you’re retiring soon, or have a child starting college, or simply wish to pay off your home early, we can find the best term to support you and your situation.

I CAN Mortgage Highlights:

  • Purchase and Refinance Mortgages
  • Loans up to $417,000
  • Down payments as low as 5% (primary home)
  • Refinance up to 95% of your primary home's value

The I CAN Mortgage is another innovative example of how New American Funding is seeking to meet and satisfy the mortgage concerns of its customers.