At New American Funding, we offer several loan programs to meet your financing needs. Our loan programs include:

1. Conventional Loans: These are traditional mortgage loans that follow the guidelines set by Fannie Mae and Freddie Mac.

2. FHA Loans: Backed by the Federal Housing Administration, FHA loans are popular among first-time homebuyers due to their low down payment requirements and flexible qualification criteria.

3. VA Loans: Available to eligible veterans, active-duty service members, and surviving spouses, VA loans offer favorable terms, including no down payment and competitive interest rates.

4. USDA Loans: Designed for rural and suburban homebuyers, USDA loans provide 100% financing options for those who meet income and property location requirements.

5. Jumbo Loans: If you're looking to purchase a higher-priced home, our jumbo loans offer financing beyond the conventional loan limits.

6. Adjustable-Rate Mortgages (ARMs): With an ARM, your interest rate is initially fixed for a certain period, typically 5, 7, or 10 years, before adjusting annually based on market conditions.

7. Reverse Mortgages: This program is available for homeowners aged 62 and older who want to convert a portion of their home equity into cash.

8. Refinance Options: We also provide refinancing solutions, allowing you to replace your existing mortgage with a new loan that can help lower your interest rate, obtain better terms, or access your home equity.

Please note that eligibility requirements and loan terms may vary depending on the specific program. For more detailed information about each loan program, please contact our sales manager, Jeff Pappenfus, at 612-741-7771 or jeff.pappenfus@nafinc.com.