- Homebuyers
- June 27, 2023
USDA vs. FHA Home Loans
FHA and USDA loans have similar structures, but different requirements. Find out which loan type offered by New American Funding may be right for your unique needs.
Loan Types
Loan Types Articles
- Homebuyers
- June 23, 2023
FHA vs. Conventional Loans: Key Differences
FHA vs. Conventional Loans, which is better? Compare FHA loans vs. Conventional loans and identify key differences to help you decide which home loan could be right for you.
- Homebuyers
- June 16, 2023
An FHA Assumable Loan: What You Need to Know
FHA assumable loans can offer an alternative for borrowers that are concerned about having less-than-perfect credit. Find out how they work and decide whether or not they're right for you.
- Homebuyers
- April 28, 2023
Build and Finance Your Dream Home with a One-Time Close Loan
A One-Time Close loan has many benefits for homebuyers, especially those who want to build the home of their dreams themselves.
- Homebuyers
- May 10, 2022
Conventional 97 Loans In 2022: Qualifications, Description, and More
Learn about Conventional 97 loans in 2022. Get details, 97% loan-to-value loan options, qualification information, and more from New American Funding. Learn more here.
- Homebuyers
- March 3, 2022
Qualified vs. Non-Qualified Mortgage Loans: What's the Difference?
A significant difference between a QM loan and a Non-QM loan is that a Non-QM loan uses alternative methods of income verification to help the borrower get approved for a home loan.
- Homebuyers
- December 13, 2021
What Are the Types of Fixed-Rate Mortgages?
Fixed-rate mortgages are a preferred choice for many borrowers as they ensure that their principal and interest payments will remain the same each month for as long as 30 years.
- Homebuyers
- December 9, 2021
What is an Energy Efficient Mortgage?
Are electric bills becoming a growing concern? Looking to live a greener lifestyle in the new year? Want to save some money with an energy-efficient home?
- Homebuyers
- December 3, 2021
FHA Loan Limits Increasing in 2022
Due to home prices increasing by over 18% in the past year, the Federal Housing Administration loan limit will rise for nearly the entire country in 2022.
- Homebuyers
- November 30, 2021
Fannie Mae, Freddie Mac Increase Loan Limits for Sixth Straight Year
For the sixth year in a row, the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase. Here are the full details.
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