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Advertising Disclosures

These disclosures relate to recent advertisements on the internet by or through New American Funding:

The advertised loan is a 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 2.875% for 360 months. The disclosed APR is based on the payment of 1.000 discount points. For a $548,250 loan, there is a 2.984% APR with a monthly principal and interest payment of $2,275 for 360 months. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 60% 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. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PST on 10/15/2021 and are subject to change without notice.

The advertised loan is a 15-year Fixed Rate Loan with a 15-year fully amortizing term. The interest rate is 2.125% for 180 months. The disclosed APR is based on the payment of 1.250 discount point. For a $548,250 loan, there is a 2.371% APR with a monthly principal and interest payment of $3,560 for 180 months. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 60% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rate quoted assumes a purchase or rate-term refinance 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. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PST on 10/15/2021 and are subject to change without notice. 

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 VA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 2.250% for 360 months. The disclosed APR is based on the payment of 1.500 discount points. For a $548,250 loan, there is a 2.672% APR with a monthly principal and interest payment of $2,096 for 360 months.  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. 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. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PST on 10/15/2021 and are subject to change without notice.

The advertised loan is an FHA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 2.250% for 360 months. The disclosed APR is based on the payment of 1.500 discount points. For a $548,250 loan, there is a 3.057% APR with a monthly principal and interest payment of $2,096 for 360 months. Interest rate quoted assumes a purchase or rate-term refinance 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. Payments shown do not include taxes, hazard insurance, or mortgage insurance; actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 09:00AM PST on 10/15/2021 and are subject to change without notice.

Reverse Mortgage - Borrower must pay required taxes and insurance.

How low will your payment be?