New American Funding, which has its headquarters in Orange County, California, has more than 170 regional offices in other parts of the nation. This financial institution has set a target of lending $25 billion to Hispanic customers by 2024 and $20 billion to Black borrowers by 2028. The "I CAN Mortgage" program is one of the lender's loans options that stands out because it gives borrowers the freedom to choose a repayment term between eight and thirty years. It's important to note that the lender provides other lending options, such as jumbo loans and non-qualified mortgages, that are not included on the website (non-QM). It would be best if you talked to a loan officer for details on these products.
Pricing information is not listed on New American Funding's website. Get an estimate of your closing costs by asking about origination, administrative, and underwriting fees. Applying for a mortgage with New American Funding is as easy as filling out an online form and uploading the required documents. New American Funding provides a convenient mobile app that may be used to make loan payments and maintain tabs on your equity and home's worth.