Mortgages

New American Funding Mortgage: how to apply

Find out how to apply for the New American Funding Mortgage! Learn more about the process, and requirements and compare two mortgage options before making your decision!

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New American Funding Mortgage: Quick application, rate transparency

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Find out how to apply for the New American Funding Mortgage! Source: New American Funding

If you’re wondering how to apply for the New American Funding Mortgage, then you’re in the right place!

This lender offers multiple loan options and focuses on helping minority communities.

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Mortgage

New American Funding

Online Apply fast

Multiple loan options. Lower minimum down payment!

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This article will explain how to apply for it and the minimum requirements! So please keep reading and find out how easy it is! Let’s go!

How to apply on the website

You can start your application process through the New American Funding website. Click on the “Buy a House” button to get started.

Next, they’ll ask you a series of questions, such as what type of property you’re looking for and how it will be used.

They can also ask if it’s your first time buying a home and when you intend to make the purchase.

The lender will also ask in which state you’ll make the purchase, the estimated price, and the minimum down payment you want.

New American Funding will also request your employment, financial, personal, and contact information. Once you’ve filled all the requested boxes, you can submit your application.

Further, the lender will ask you to open an account to check your application status. Once accepted, you can upload all the requested documents online.

In most mortgages, this lender guarantees will take only 14 days to the loan closing.

Requirements

To apply for the New American Funding Mortgage, you must have a credit score of at least 620.

Also, the minimum down payment is 3%, and the minimum borrowing amount is $10,000. Additionally, the debt-to-income ratio can’t be higher than 43%.

Apply on the mobile app

Although the application can only be made through the website, New American Funding offers a great mobile app to its customers.

It can be downloaded through the Apple Store or Google Play Store. The mobile app allows borrowers to make payments, view their home loan information and balances, and more.

Find other loan options: PNC Bank Mortgage

Happy cheerful young female sitting at desk with calculator and laptop holding pen having overjoyed look, exclaiming Yes with excitement, finally paid off mortgage debt, feeling free.
Compare your mortgage options before making a decision! Source: Adobe Stock

If you don’t think New American Funding Mortgage is the right choice for you! Then we have another great offer!

PNC Bank is one of the biggest banks in the U.S. and offers several loan options to its customers. It is available nationwide, and clients can get online and in-person services.

Compare below both lenders’ details before making a decision!

New American Funding MortgagePNC Bank Mortgage
Credit ScoreAt least 620;620 or higher;
Loans OfferedHELOC, Reverse, Jumbo, Fixed-rate, Adjustable-rate, FHA, VA, and USDA;Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA;
Minimum Down PaymentAs little as 3%;As little as 3%;
APRSee terms;Not disclosed;
TermsUp to 30-year term.Up to 30 years.

Are you interested in the PNC Bank Mortgages? Then the following article is what you need! Keep reading to find out how to apply for this product!

PNC Bank logo

PNC Bank Mortgage: how to apply

Applying for a mortgage is easier than ever. Learn how to apply for a PNC mortgage and get started on the path to homeownership today.

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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