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!
New American Funding Mortgage: Quick application, rate transparency
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.
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.
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
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 Mortgage
|PNC Bank Mortgage
|At least 620;
|620 or higher;
|HELOC, Reverse, Jumbo, Fixed-rate, Adjustable-rate, FHA, VA, and USDA;
|Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA;
|Minimum Down Payment
|As little as 3%;
|As little as 3%;
|Up 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!
About the author / Beatriz Vieira
Revvi Card review: rates, pros and cons
Build a credit score and get 1% cash back with the Revvi Card! Check out our full article to learn more about its pros and cons.Keep Reading
Cheap flights and airfare deals on SkyScanner: Get flights from $29.99
Want to save money on your next vacation? Then read on and learn how to find cheap flights with SkyScanner. Find flights from $29.99.Keep Reading
Types of mortgage refinance: what is the best option for you?
Unsure of which types of mortgage refinance are right for you? Discover each, with the pros and cons, and get closer to your objectives!Keep Reading
You may also like
What is a mortgage refinance?
A mortgage refinance can save you money, but it's important to understand what it is and how it works. Learn more here.Keep Reading
Honest Loans: how to apply
Find out how to apply for Honest Loans services! Easy and fast application process. Get the money you need in one business day!Keep Reading
Mortgage lenders vs. banks: which one should you choose?
Mortgage lenders vs. banks. Which one is better for you? Here’s a breakdown of the pros and cons of each to help you make the best decision.Keep Reading