Purchase Financing Programs

Our various purchasing solutions are guaranteed to help you and your family find the perfect home. Enjoy our award-winning service and amazingly low rates and purchase financing for your dream home with New American Funding today!

CALPRS/CALSTRS

Are CALPRS or CALSTRS loans right for me?

Retired California state employees may qualify for special loan rates through the California Public Employees Retirement System and the California State Teachers Retirement System. CALPRS and CALSTRS loan rates may be lowered to offer many other advantages to home buyers. Fill out our Get a Quote Form, or use any of our easy loan tools and calculators to determine if a CALPRS or CALSTRS loan is right for your situation and the house you’re looking to purchase.

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Purchasing Options

© 2010 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) Government Lender. This is a FHA program

*This 5/1 Adjustable Rate Mortgage (ARM) fixed for the first 60 months. Rates and terms effective 07/01/2010 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.