Mortgage Requirements
- Minimum age of 18
- History of steady job and income is required
- 580 minimum credit score for government loans
- 620 minimum credit score for conventional loans
- Debt-to-income ratio maximum of 50%
New American Funding offer non-qualified mortgages, and will consider lower than average credit scores as well as non-traditional income verification. The maximum loan for a non-qualified mortgage is $2.5 million.
Mortgage Terms
New American Funding are one of the most flexible mortgage providers in the US. They specialize in bespoke mortgages tailored to your needs, so a wide range of mortgages terms can be available to cover specific needs.
Repayment Terms
As with every other aspect of New American Funding mortgages, the repayment terms can be tailored to your needs. Terms range from short term up to 30 years. Short term loans include adjustable rate mortgages (ARM) and interest only loans.