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1% Conventional Down Payment Program is Still Here for Home Buyers!

1% Down Payment and 2% Grant You Bet Colorado!

Do you have clients who are struggling to save for a down payment?

We can help! New American Funding is offering a 2% Lender Gift to qualified borrowers. With this 97% LTV mortgage, you can help more buyers get in their dream home with a low 1% down payment. (income restricions may apply)!

  • Conventional Loan​​
  • Available on 10, 15, 20, 25, and 30 year fixed rate purchase loans
  • 97% LTV
  • Lender Gift in the amount of 2% of the loan amount
  • First time homebuyer is not a requirement
  • Cancellable monthly mortgage insurance
  • Boarder income can be used
  • Fico as low as 640

New American Funding is an all-inclusive mortgage banker. From origination to funding, our underwriters, doc drawers and funders all work under one roof, creating a cohesive team that enables us to close your loans fast.

*NMLS ID#6606. The advertised loan is a 30-year fixed loan with a 30-year fully amortizing term. The interest rate is 4.375% for 360 months. The disclosed APR is based on the payment of 0.250 discount points. For a $350,000 loan amount there is a 4.430% APR with 360 monthly payments of $1747.50. Interest rate quoted assumes 97% loan-to-value (LTV) and is based on a FICO score of 700 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. Rates and terms are effective 08/14/2017 and are subject to change without notice. Payment shown does not include taxes or insurance, actual payment obligations will be greater. Conditions and restrictions apply. Not all applicants will qualify. Corporate Office at 14511 Myford Road, Suite 100, Tustin CA 92780. Phone (800) 450-2010.