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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 4.250% for 360 months. The disclosed APR is based on the payment of 2 discount points. For a $453,100 loan, there is a 4.476% APR with a monthly principal and interest payment of $2,228 for 360 months. There is no prepayment penalty. 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 12/06/18 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 3.375% for 180 months. The disclosed APR is based on the payment of 2 discount points. For a $453,100 loan, there is a 3.765% APR with a monthly principal and interest payment of $3,211.00 for 180 months. There is no prepayment penalty. 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 11/29/2018 and are subject to change without notice.

The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term. The initial interest rate is 3.750% for 60 months. The disclosed APR is based on the payment of 2 discount points. For a $453,100 loan, there is a 5.013% APR with an initial monthly principal and interest payment of $2,098.00 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 Libor index (3.133% as of December 06, 2018) 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 2 percentage point every year after the initial period expires, with a lifetime maximum adjustment of 6.000% (80% 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 $3,564.00.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 12/06/2018 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 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 3.625% for the first 12 months. Based on an example First Trust Deed of $453,100, the initial monthly payment will be $2,066.37 for the first 12 months. After the initial 12 month-period, the interest rate will adjust to the note rate of 4.625% and a payment of $2,329.57. The example is based on an 60% loan-to-value (LTV). The Annual Percentage Rate (APR) is 4.537%. 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 11/29/2018 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 3.250% for 60 months. The disclosed APR is based on the payment of 2 discount points. For a $453,100 loan, there is a 4.567% APR with an initial monthly principal and interest payment of $1,971.92 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 (2.660% as of December 06, 2018) 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% (7.99% 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 $3,403.99.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 12/06/2018 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.

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.

Reverse Mortgage - Borrower must pay required taxes and insurance.

14 business day guarantee only applies to purchase transactions. This guarantee does not apply to Reverse Mortgages, FHA 203k, VA, Bond, MCC, loans that require prior approval from an investor, or brokered loans. The guarantee does not apply if events occur beyond the control of New American Funding, including but not limited to; appraised value, escrow or title delays, 2nd lien holder approval, short sale approval, or lender conditions that cannot be met by any party. The 14 business day trigger begins when the borrower’s initial application package is complete and the borrower has authorized credit card payment for the appraisal. If New American Funding fails to perform otherwise, a credit of $250 will be applied toward closing costs.

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