Experience Matters... With many years of experience in the mortgage banking industry and extensive practice in originating home loans for both purchase & refinance, I am a firm believer in excellent customer service and offering the most competitive pricing. Through working with New American Funding, a Direct Lender, I have continued to be one of the most knowledgeable Loan Consultants in the area.
Paige Guenther Loan Consultant
NMLS# 1534426 314.610.2791 Paige.Guenther@NAFinc.com
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Milestone Updates New American Funding keeps you top of mind with co-branded Loan Status update emails to keep the client in the loop every step of the way.
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Co-branded closing cards are mailed to our mutual clients with information on how to download closing documents.
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Personalized co-branded greeting cards sent to clients for years after a loan closes on birthdays, holidays and loan anniversaries.
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Connectivity. Visibility. Control.
What is NAF Connect?
NAFConnect is a platform for Real Estate Agents (REA) to connect to NAF Loan Officers.
Client Management
Document Tracking
Loan Updates
Pre-Approval Letters
Help clients navigate the loan process and communicate with New American Funding.
View your client's loan status and receive notifications as it moves across key milestones.
Notifications
See documents needed by the New American Funding processing team.
Generate, edit, and download pre-approval letters at the click of a button.
Receive notifications when new milestones are completed and watch real-time loan status updates to keep you and your client up-to-date on the status of their loan.
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877-810-5645 NMLS#6606
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Dedicated Marketing Team
• Print Mail • Doorhangers • Listing Booklets • Flyers
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• Luxury Business Cards • Buyer and Seller Booklets • Listing/Open House Materials • Agent Signage
AND MUCH MORE...
Meet the Midwest Marketing and Video Team
Lori Wolff
Brady Griffin
Bryn Boston
Lori.Wolff@NAFinc.com
Brady.Griffin@NAFinc.com
Bryn.Boston@NAFinc.com
Christine Zobel
Erin Ashwell Graphic Designer
Josh Breitfeller
Graphic Designer/Videographer
Christine.Zobel@NAFinc.com
Erin.Ashwell@NAFinc.com
Josh.Breitfeller@NAFinc.com
Divisional Marketing Manager
Senior Graphic Designer
Senior Marketing Specialist
Casey Morton
Theo Stephens
Casey.Morton@NAFinc.com
Theo.Stephens@NAFinc.com
Production Team Lead
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Marketing Specialist
Marketing Assistant
MidwestMarketing@NAFinc.com
PRINT MAIL
BE PAM-PURRED
WHEN selling YOUR HOME Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui
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DOORHANGERS happy
Valentine’s Helping Families Find Their Dream Home!
Market Report MAY 2024
55
Homes Sold
$565 Price Per SqFt
27
Under Contract
$780K
Average Sales Price
150
Active Listings
10
Average Days On Market
CITY NAME
Open House OPEN HOUSE
FI
1 First C
IN PROGRESS
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ȷȋȎȀȲȷȚ /ȎȜȚ 52 52
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PLEASE COME RIGHT IN COMPANY
NAME
FI
1 First.L NA
LLC and Compan
LISTING BOOKLETS
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®
890 any.com com
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vertisement. 05/2023.
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DIGITAL FLIPBOOKS Turn any of our booklets into a virtual flipbook to send digitally to clients via text or email. Scan to see an example.
First Time Homebuyers Unlock the door to your dream home.
FOR
Sale
73 Myles Court | Waukee, Iowa 50263
applicants will qualify. Rates and terms are subject to change without notice. All mortgage loan products are subject to credit and property approval. © New American Funding,
LUXURY BUSINESS CARDS
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LISTING EXAMPLES
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EDDM INSTRUCTIONS
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What Is Every Door Direct Mail® (EDDM)?
Every Door Direct Mail® (EDDM) is a USPS® program that allows you to mail marketing pieces to every home on a selected postal route—without needing a mailing list or individual addresses. This makes it a cost-effective and efficient way to reach entire neighborhoods with consistent, professional messaging.
How EDDM Supports Real Estate Marketing
EDDM is especially effective for real estate professionals because it allows you to focus your marketing on the neighborhoods that matter most to your business. Whether you’re promoting a new listing, recent sales, open houses, or your personal brand, EDDM helps keep you visible where homeowners live. With EDDM, you can: • Target specific neighborhoods or ZIP Codes • Reach hundreds of homes at once • Avoid the cost and hassle of purchasing mailing lists • Build brand recognition through repeated exposure
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How To Search For An EDDM Route
The first step in using Every Door Direct Mail® is identifying the postal routes that best align with your target audience. This tool allows you to select neighborhoods based on location, delivery count, and demographics. 1. Visit USPS.com Navigate to Business and select Every Door Direct Mail® from the menu.
2. Enter a Location Type an address, city and state, or ZIP Code into the search field, then click Search.
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3. Locate the Address on the Map A star icon will appear on the map, indicating the selected address location.
4. Select Available Routes Once highlighted you will see route information including Demographics, Total Mail Pieces and Cost of Postage.
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How to Pay for EDDM® Postage Online
To complete your Every Door Direct Mail® mailing, USPS® requires postage to be paid online through your USPS® account. If you already have an account, you can log in and proceed with payment. If not, follow the steps below to create one. Don’t Have a USPS® Account? Register and Create a Personal Account 1. Go to USPS.com Click Sign In / Register in the top-right corner of the page. 2. Select “Create an Account” Choose the option to create a new USPS® account. 3. Choose a Personal Account When prompted, select Personal as the account type. 4. Enter Your Information Complete the required fields, including: • First and last name • Email address • Phone number • Mailing address 5. Create Login Credentials Set up your username, password, and security questions. 6. Verify Your Email Address USPS® will send a verification email. Click the link provided to activate your account. 7. Log In to Continue Once verified, sign in to access Every Door Direct Mail®, submit your mailing, and pay for postage online. Tip: Save your login information—you’ll use this account for future EDDM® mailings and payment confirmations. 20
How to Pay for EDDM® Postage Online Cont.
Once you have selected your mailing route(s) and created or logged into your USPS® account, follow the steps below to submit and pay for your EDDM® postage. Step-by-Step: Submitting and Paying for EDDM® Postage 1. Log In to Your USPS® Account Visit USPS.com and sign in using your personal account credentials. 2. Access Every Door Direct Mail® From the USPS® website, navigate to Business and select Every Door Direct Mail®. 3. Review Your Selected Routes Confirm the mailing route(s) you previously selected. Review the number of deliveries and total postage cost. 4. Choose Mailing Options Select your mailing date and confirm whether you are mailing Retail EDDM® 5. Proceed to Checkout Click Checkout to move to the payment screen. 6. Enter Payment Information Provide your payment details using a credit or debit card. 7. Submit Payment Review your order summary, then click Submit Payment to complete the transaction. 8. Receive Confirmation After payment is processed, you will receive a confirmation screen and email receipt from USPS®.
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What Happens Next?
After payment is complete, USPS® will generate the required EDDM® paperwork, including a Mailing Statement and Facing Slips for each selected route. Both of these documents must be downloaded and sent to the Midwest Marketing Team. Our team will use them to properly bundle, label, and complete your mailer in accordance with USPS® requirements. Once we receive these documents, we’ll take care of the remaining preparation so your mailer is ready for post office drop-off.
Facing slip
Mailing Statement
That’s It! You’re Done! Questions?
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Contact MidwestMarketing@nafinc.com.
Submit requests to: MidwestMarketing@nafinc.com
We cannot start designing until we have received all information. You will be notified when your design is approved or on-hold. LO Name:
Realtor Name:
NMLS#:
Company Name:
Title:
Title: Cell #:
Office #: Email:
Email:
Website:
Website:
SCORE Team
217 Mortgage
Quantity:
Cell #:
Office #:
EHLT
Need by Date*:
(Please include headshot & logo if first time requesting a design) Shipping - UPS 2-Day Delivery
Ship Order to:
Home
Address Type
EDDM (Every Door Direct Mail)
8.5”x7”
11”x6”
Office
Social Media
Bundle and attach Facing Slips (please send us your USPS paperwork)
Postcard
with address list**
8.5”x5.5”
11”x6”
Luxury Business Card
Door Hanger (4.25x11)
Trifold (6”x11” folded; 11”x17” unfolded)
Flyer (8.5 x 11)
Corporate Marketing Collateral
Listing Booklet
Please attach the file or collateral ID#.
Seller Book Template
Flipbook Version
4 pg. (20 photos minimum)
Coloring Book
These have an increased turn time.
8 pg. (40 photos minimum)
Crayon Packs ($0.20 each)
Please also include a bio and two reviews/link to reviews page.
Buyer Book Template
Please also include a bio and two reviews/link to reviews page.
Did you find an idea on Etsy or Pinterest? Send us a screenshot and we can recreate!
Link to MLS Listing/Photographer Files:
(Please note we can NOT use realtor.com, zillow.com, or similar site links because of RESPA to pull information or photos)
If sending photographer files, please include the description, beds/baths/sqft/etc. below. Description/Design Explanation:
Beds:
Baths:
SQFT:
Garage Spots:
(NOTE: The team does not write descriptions. Please review your verbiage carefully for spelling and grammar mistakes. The team are not LO’s or Realtors and will need as much information as possible to complete your requests.)
Turn times vary. PROOF turn times and PRINT turn times are not always the same.
* Any design request sent after 2:30pm CST will count as next work-day submittal. These turn times begin at 9am CST next work day, M-F. ** If providing addresses, please include an Excel spreadsheet file with headers such as Name, Address, City, State, Zip. ***All New Designs will need to be sent to OLA Marketing for compliance approval which can increase turn around time. Please review all design proofs carefully. Edits after approval will incur a charge of $0.20 p/p for reprints.
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PRINTING WILL NOT BEGIN UNTIL WE RECEIVE EXPRESS APPROVAL TO PRINT.
Notes
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Loan Programs
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Your Purchase Lender Standard Programs Conventional • • • •
Down Payment as Low as 3% Fixed or Adjustable Rates Down Payment Assistance Programs Available Non-Occupying Co-Borrowers Allowed
FHA • • • •
Down Payment as Low as 3.5% Lower Credit Score Flexibility Higher Allowable Debt to Income Ratios 100% Financing with DPA
VA • • •
100% Financing No Monthly Mortgage Insurance Premiums Flexible Underwriting Guidelines
USDA • • •
100% Financing Lower Credit Score Flexibility Gifts for Closing Costs Allowed
Jumbo • • • •
Borrow up to $10 Million Credit Score as Low as 620 Eligible for Primary Residence, Second Home or Investment Property Warrantable and Non-Warrantable Condos Permitted
Renovation • • • •
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FHA, VA and Conventional Programs Purchase or Refinance Principal Residence, Second Home or Investment Property Ability to Finance Repairs and Home Improvements
Specialty Programs •
NAF Cash®
Allows Buyer to Become a Cash Buyer • Buyer Can Purchase New Home Without Selling Current Home • Conventional and VA Loans Allowable
Lock-In & Float
•
• Lock In Your Rate - Rate Can’t Increase If Rates Improve during Locked Period, You Can Float Down to a Better Rate
•
• •
Bank Statement Program
Self Employed Borrowers can use Business Bank Statements to Qualify Purchase New Home Without Selling Current Home – Exclude Payment in Debt to Income Ratio • Purchase, Refinance or Cash-Out Primary, Second Home or Investment Property Eligible
•
NAF Bridge Loan
Use Equity From Your Existing Home Towards the Purchase of a New Home • Ability to Present a Strong Non-Contingent Offer, Giving You a Competitive Edge in the Market • No Monthly Payments During the Loan Term Reducing the Financial Stress of managing Two Mortgage Payments
Buydown Options
•
• Lower Interest Rate for the First Few Years of Mortgage Available on Conventional, FHA VA and USDA Loan Products • 1/0, 1/1/1, 2/1, and 3/2/1 Buydown Options Available
•
Down Payment Assistance
Additional Funds for Down Payment and Closing Costs • Chenoa • NAF Pathway Product Suite
Recast Option
• Borrower can Reduce the Principal Balance New American Funding will Re-Amortize the Loan based on the Remaining Term and Payments will be Reduced Multiple Recasts can be Completed during the Life of the Loan • PMI can be Eliminated in Some Scenarios •
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LICENSED IN ALL 50 STATES
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NMLS#6606
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The New Way to Buy a Home
New American Funding Can Show You How to Turn Your Clients into Cash Buyers Buying in cash means convenience, certainty, and may mean cost savings too. In fact, buying in cash may help your clients save up to 11% over those using a traditional mortgage.1 With NAF Cash®, an affiliated company of New American Funding, your buyer can make a competitive, true cash offer that is not contingent on financing and close in as little as seven days. You know what that means for you.
BENEFITS • Clients can buy their new home before selling their current home • Sellers may be more likely to offer concessions to cash buyers • Get commissions quickly • Use potential savings to buy down interest rate • No fees for agents • Close on more homes faster
NMLS#6606
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Turn Your Clients Into Cash Buyers Follow these steps to make your buyer a cash buyer with NAF Cash®! STEP 1
Get Certified Join a FREE 45-minute NAF Cash® LLC training.
STEP 2
Get Your Client Pre-Approved Get your client pre-approved with New American Funding!
STEP 3
Complete NAF Cash® Documents Work with your NAF Cash® Transaction Coordinator to submit the required documents.
STEP 4
Get Ready to Write Cash Offers Your NAF Cash® Transaction Coordinator will notify you once the client has been approved and they can begin making a cash offer.
STEP 5
Offer Accepted Close and move in quickly! At this point, you will work closely with your NAF Cash® Transaction Coordinator.
#makeyourbuyeracashbuyer 31
Sign Up For Our Certification Course
Give Your Clients More Breathing Room
(and close more deals faster)
Elite Interest Assist: The seller-paid interest program that makes listings stand out
With Elite Interest Assist, the seller covers 100% of the buyer’s interest for the first 3 or 5 months after closing (buyer still pays principal, taxes, and insurance as usual). It’s clean, no deferred interest, and it helps move inventory noticeably faster.
H OW IT WO RKS:
1
2
Client purchases a participating new home.
Close with New American Funding.
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Client continues normal principal, taxes, and insurance payments.
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3
Seller pays 100% of the interest for the first three or five months.
5
You get the commission, the happy client, and a great review.
$541,287 33
Notes
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100% Financing Help More Buyers Today! Grow Your Business & Help Clients Achieve Homeownership. NAF Pathway 100 Program helps eligible buyers cover their down payment, closing costs, and prepaid expenses with program not only provides your buyers with an accessible path to homeownership, but also expands your business by
HIGHLIGHTS • Up to 100% Financing • 3.5% or 5% in Down Payment Assistance • Owner-Occupied Only
• Minimum Credit Score of 580 • No Income Restrictions • 2-1 temporary buydown available • 10-year repayable second lien
PROPERTY TYPES
Single-Family Homes
Manufactured Homes
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Condos
PUDs
1-4 Unit FHA-Approved Properties
Give Your Clients More Reasons to Buy that Fixer-Upper A renovation mortgage offers your clients the financial flexibility to meet their home improvement needs for a wide variety of renovation projects, from repairs and energy updates to landscaping and luxury upgrades. This renovation loan includes financing in their conventional purchase or refinanced home loan.
HIGHLIGHTS •
Purchase the home and include rehabilitation costs in the same transaction
•
Finance up to 97% of the “After Improved” appraised value
•
Occupancy types include primary residence, second home, or investment properties
•
No minimum repair amount
•
The maximum repair amount is 75% of the “After Improved” appraised value of the property
NMLS#6606
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We can help your buyers with
Jumbo Home Loans from New American Funding
If your clients want a home in a premium neighborhood, are ready to buy a vacation home, or want to expand their real estate portfolio, our flexible Jumbo loans could be just what they need. With loans up to $5 million and alternative qualifying income options, your clients can buy more with New American Funding!
OUR JUMBO HOME LOANS DELIVER MORE! Up to $5 million Down payments of as little as 10% Debt-to-income ratio up to 50% Credit score as low as 620 Cash-out Refi up to 85% Options for bank statements, 1099, asset verification, and DSCR Primary, secondary, & investment properties Available for 1 - 4 unit single-family, condos, modular homes, and townhomes NMLS#6606
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Do You Have Buyers Ready For a Bigger Home,
Investment Property,
or Vacation Home?
Notes
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MEDICAL PROFESSIONAL LOAN PROGRAM $0 Down Payment – No Mortgage Insurance $2 Million Maximum Loan Amount Fixed Rate and ARM Options Available ELIGIBLE PROFESSIONALS:
• • • • • • • • • • •
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Medical Doctor (MD) Doctor of Osteopathy (DO) Doctor of Dental Science or Surgery (DDS) Doctor of Dental Medicine (DMD) Doctor of Ophthalmology (MD or DO) Doctor of Psychiatry (MD or DO) Doctor of Pharmacy (PharmD) Doctor of Veterinary Medicine (DVM) Doctor of Podiatric Medicine (DPM) Certified Registered Nurse Anesthetist (CRNA) Medical residents, fellows, or interns with one of the above degrees
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Mortgage Recasting: What You Should Know A mortgage recasting, or loan recast, is when a borrower makes a large, lump-sum payment toward the principal balance of their mortgage and the lender, in turn, reamortizes the loan. This means that your loan and payments are reduced to reflect the new balance. It allows borrowers the opportunity to close with just 5% down. Once the current home is sold, borrower can recast to use the proceeds from the sale to buy down the principle balance to reduce monthly payment and eliminate PMI.
Recasting Highlights:
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•
Minimum of $5000 principal reduction
•
$300 Nominal fee
•
Borrower can reduce the principal balance
•
New American Funding will re-amortize the loan based on the remaining term and payments will be reduced
•
Recast for Conventional Loan (Freddie Mac and Fannie Mae)
•
Multiple Recasts can be completed during the life of the loan
•
Only one document is needed for recast: Borrowers must provide a Recast Modification Agreement which they will execute and have notarized
•
The first principal and interest payment must be made on the original note
•
PMI can be eliminated in some scenarios
Buydown Programs
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Temporary Buydown A temporary buydown lowers the effective interest rate for the first few years of the mortgage. This reduction is a result of the deposit of a lump sum into an escrow account, a portion of which is released each month to reduce the borrower’s payments. Temporary Buydowns can be used on Conventional, FHA, VA, and USDA Loan Products. These pages will focus on the Seller Paid Buydown.
Buydown Options 1/1/1 BUYDOWN
1/0 BUYDOWN
Year 1 - Monthly Payment calculated using a Rate 1% below Note Rate Year 2-30 - Monthly Payment would be calculated at the Note Rate EXAMPLE: Note Rate 6.625% Year 1 Rate 5.625% Year 2-30 Rate 6.625%
2/1 BUYDOWN
Year 1 - Monthly Payment calculated using a Rate 2% below Note Rate Year 2 - Monthly Payment would be calculated at 1% below Note Rate
Year 4-30 - Monthly Payment would be calculated at the Note Rate EXAMPLE: Note Rate 6.625% Year 1-3 Rate 5.625% Year 4-30 Rate 6.625%
3/2/1 BUYDOWN
Year 1 - Monthly Payment calculated using a Rate 3% below Note Rate Year 2 - Monthly Payment calculated using a Rate 2% below Note Rate Year 3 - Monthly Payment calculated using a Rate 1% below Note Rate
Year 3-30 - Monthly Payment would be calculated at the Note Rate
Year 4-30 - Monthly Payment would be calculated at the Note Rate
EXAMPLE:
EXAMPLE:
Note Rate 6.625% Year 1 Rate 4.625% Year 2 Rate 5.625% Year 3-30 Rate 6.625% 43
Year 1-3 - Monthly Payment calculated using a Rate 1% below Note Rate
Note Rate 6.625% Year 1 Rate 3.625% Year 2 Rate 4.625% Year 3 Rate 5.625% Year 4-30 Rate 6.625%
Calculating Buydown Cost The cost of the Buydown is simply the difference between the BUYDOWN PAYMENT and the P&I PAYMENT using the Note Rate. The COST for the Seller is equal to the SAVINGS for the Buyer. See examples below.
COST OF 1/0 BUYDOWN EXAMPLE
Sales Price:
$400,000
Loan Amount:
$320,000
Note Rate:
6.625%
P&I Payment:
$2,049.00
1st Year Rate:
5.625%
1st Year P&I Payment:
$1,842.10
Buyer Monthly Savings $206.90
Cost Year 1: $2,049.00 - $1,842.10 = $206.90 X 12 Months = $2,482.80 TOTAL COST OF BUYDOWN = $2,482.80
COST OF 2/1 BUYDOWN EXAMPLE
Sales Price:
$400,000
Loan Amount:
$320,000
Buyer Monthly Savings
Note Rate:
6.625%
P&I Payment:
$2,049.00
1st Year Rate:
4.625%
1st Year P&I Payment:
$1,645.25
$403.75
2nd Year Rate:
5.625%
2nd Year P&I Payment:
$1,842.10
$206.90
Cost Year 1: $2,049.00 - $1,645.25 = $403.75 X 12 Months = $4,845.00 Cost Year 2: $2,049.00 - $1,842.10 = $206.90 X 12 Months = $2,482.80 TOTAL COST OF BUYDOWN = $7,327.80
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Calculating Buydown Cost example cont.
COST OF 3/2/1 BUYDOWN EXAMPLE
Sales Price:
$400,000
Loan Amount:
$320,000
Buyer Monthly Savings
Note Rate:
6.625%
P&I Payment:
$2,049.00
1st Year Rate:
3.625%
1st Year P&I Payment:
$1,459.30
$589.64
2nd Year Rate:
4.625%
2nd Year P&I Payment:
$1,645.25
$403.75
3rd Year Rate:
5.625%
3rd Year P&I Payment:
$1,842.10
$206.90
Cost Year 1: $2,049.00 - $1,459.30 = $589.64 X 12 Months = $7,075.68 Cost Year 2: $2,049.00 - $1,645.25 = $403.75 X 12 Months = $4,845.00 Cost Year 3: $2,049.00 - $1,842.10 = $206.90 X 12 Months = $2,482.80 TOTAL COST OF BUYDOWN = $14,403.48
COST OF 1/1/1 BUYDOWN EXAMPLE
Sales Price:
$400,000
Loan Amount:
$320,000
Note Rate:
6.625%
P&I Payment:
$2,049.00
1st - 3rd Year Rate:
5.625%
1st Year P&I Payment:
$1,842.10
Buyer Monthly Savings $206.90
Cost Year 1-3: $2,049.00 - $1,842.10 = $206.90 X 36 Months = $7,448.40 TOTAL COST OF BUYDOWN = $7,448.40
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Compare Buydown Savings to Lowering Sales Price by $10,000
Sales Price:
$400,000
Loan Amount:
$320,000
Note Rate:
6.625%
P&I Payment:
$2,049.00
P&I Payment with $400,000 Sales Price = $2,049.00 P&I Payment with $390,000 Sales Price = $1,997.77 DIFFERENCE IN P&I PAYMENT = $51.23
Check out the difference in savings!
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Compare Buydown Savings cont.
2/1 BUYDOWN - BUYER MONTHLY SAVINGS ILLUSTRATION
HOUSE A
Sales Price:
$400,000
Down Payment:
$80,000
Loan Amount:
$320,000
1st Year Rate:
4.625%
1st Year P&I:
$1,645.25
2nd Year Rate:
5.625%
2nd Year P&I:
$1,842.10
Sales Price:
$390,000
Down Payment:
$78,000
Loan Amount:
$312,000
Interest Rate:
6.625%
P&I Payment:
$1,997.71
HOUSE B
1st Year - Buyer of House B is saving $403.75 per month Compared to Buyer of House A Savings of $51.23 per month 2nd Year - Buyer of House B is saving $206.90 per month Compared to Buyer of House A Savings of $51.23 per month 47
Marketing Available
48
Your Weekend Lender F R I D AY • S AT U R D AY • S U N D AY
We’re Ready for your call! Our entire team is on-call and available to assist you & your clients with their lending needs!
• Fast Preapprovals • Rate & Program Flyers • Open House Materials • Attend Open House • Broker Previews
NMLS#6606
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Closing Costs How much can a seller pay towards closing costs?
Loan Type
Property Type
Down Payment
Contribution Type
Max Seller Contribution
Conventional
Primary & Secondary Home
Less than 10% 10% - 25% More than 25%
Closing Costs, Prepaid Items, & Discount Points
3% 6% 9%
3.5% or More
Closing Costs, Prepaid Items, & Discount Points
6%
FHA
VA
USDA
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Primary
Primary
Primary
N/A
N/A
NMLS#6606
Closing Costs, Unlimited Prepaid Items, (Up to 2 & Discount Points Discount Points) Can Include Debt Payoff
4%
Closing Costs, Prepaid Items, & Discount Points
6%
YOUR PATH TO LOAN APPROVAL Save for a down payment
The more you save, the lower your monthly mortgage payment will be. Link your bank account, monitor your spending, gain spending insights, and create a budget.
Optimize your credit strengthen your credit and correct any errors. Work with a loan coach who knows credit like their ABCs.
Reduce your debt-to-income
The amount of debt you have compared to your income is one of the most important factors for
Why We Are Different • Get a $500 lender credit if you close on a home with New American Funding within two years of signing up with Uqual. • Get access to 1:1 coaching from a team of experts who is obsessed with your loan success. • Gain access to a Loan Readiness Score that shows you how close you are to reaching your loan goal.
How Uqual Works
1. WE MAKE A PLAN
It starts with a 1:1 call with an expert, giving you a clear path forward. Using artificial intelligence, we analyze your finances to create a strategy that will guide you on your path to loan readiness.
2. WE WORK TOGETHER
When we’re on your side, you’re on your way. We include an Action Plan that shows you step by step what you need to do to progress towards your goals. Plus, we accompany you to encourage and coach you throughout your journey.
3. YOU BECOME LOAN READY
We don’t just help you achieve your mortgage, we empower your financial future. As you progress in our program, you open new doors of opportunity to create wealth and be the best version of you, relieved of financial stress.
NMLS#6606
51
READY TO GET STARTED?
Talk to your New American Funding loan officer today
Cheat Sheet What?
Fannie
Freddie
FHA
Foreclosure
7 Yrs
7 Yrs
3 Yrs
Short Sale
2 Yrs/4 Yrs LTV Restrictions & Ext Circumstances
2 Yrs/4 Yrs LTV Restrictions & Ext Circumstances
CH 7 BKCY
4 Yrs from Discharge
4 Yrs from Discharge
2 Yrs from Discharge
Ch 13 BKCY
2 Yrs from Discharge Date; 4 Yrs from Dismissal
2 Yrs from Discharge
1 Yr of the payout must elapse and pmt history must be satisfactory
580
No Minimum
Minimum Credit Score
2 Yr Exception Possible
580
AUS Approval Required
500-579 scores permitted w/ additional factors
5% If Borrower Owned Property in Most Recent 3 Years
5%
3.5%
Maximum Loan Amount
$832,750
$832,750
$541,287
Seller Concessions
3% (>90% LTV) 6% (75-90%LTV) 9% (≤75% LTV)
3% (>90% LTV) 6% (75-90%LTV) 9% (≤75% LTV)
6%
Minimum Down Payment
NMLS#6606
52
3 Yrs
Exceptions Allowed
3% First-Time Homebuyer
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What?
VA
USDA
Jumbo
Foreclosure
2 Yrs
3 Yrs
Investor Specific
Short Sale
Underwriter Discretion
3 Yrs
Investor Specific
CH 7 BKCY
2 Yrs from Discharge
3 Yrs from Discharge
Investor Specific
Ch 13 BKCY
1 Yr of the payout must elapse and pmt history must be satisfactory
3 Yrs from Discharge
Usually 4-7 Yrs From Completion
Minimum Credit Score
Exceptions Allowed
580
620
Minimum Down Payment
0%
0%
10%
Maximum Loan Amount
No Maximum Loan Amount With Full Eligibility
Maximum Loan Amount Determined by USDA Income and Ratio Limits
$10 Million
Seller Concessions
4%
6%
Investor Specific
500
Notes
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COMPARING RENOVATION LOAN OPTIONS
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Based on FHA County Loan Limits
Up to $35k which will include the renovation costs, contingency and allowable fees.
No minimum
Same as Standard 203(k)
Not Required
Up to allowable loan limits including cost of home upgrades, contingency reserves and allowable fees.
$5,000
Must commence within 30 days of closing and be completed within 6 mos.
Required to review contractor bid and complete formal write up on the project. completing all progress inspections throughout project.
MAXIMUM REPAIR COSTS
MINIMUM REPAIR COSTS
REPAIR COMMENCEMENT /COMPLETION
HUD CONSULTANT
FHA FHA LIMITED 203(K) STANDARD 203(K)
Based on FHA County Loan Limits
FINANCING OPTIONS
LOAN LIMITS
56 Up to Max. Conforming/High Balance Loan Limits
Up to Max. Conforming/High Balance Loan Limits
Required
Must be completed within 12 months of closing.
No minimum
Not required
Must be completed within 9 months of closing.
No minimum
Up to allowable loan Up to allowable loan limits including cost of limits including cost of home repairs/ home repairs/ improvements. Total improvements. financed renovations Total financed cannot exceed 75% of renovations cannot the lesser of purchase exceed 75% of the lesser price + total renovation of purchase price + total cost, or “as completed” renovation cost, or “as appraised value. For completed” appraised manufactured homes value. For manufactured this is limited to the homes this is limited to lesser of $50,000 or 50% the lesser of $50,000 or of the “as completed” 50% of the “as completed” appraised value. appraised value.
FREDDIE CHOICERENOVATION®
FANNIE MAE HOMESTYLE®
Not required
Must be completed within 120 days of closing.
No minimum
Total financed renovations cannot exceed 10% of the lesser of purchase price + total renovation cost, or “as completed” appraised value. If property is located in a Duty to Serve High Needs Area, this can be increased to 15%. For manufactured homes this is limited to the lesser of $50,000 or 10% of the “as completed” appraised value (increase to 15% if property located in Duty to Serve High Needs area).
Up to Max. Conforming/High Balance Loan Limits
FREDDIE CHOICERENO® EXPRESS
Same as FHA Standard 203(k)
Complete tear down & reconstruction. Alterations to allow for commercial or business use. New construction. Purchase of personal property (built in appliances allowed).
Complete tear down & reconstruction. Alterations to allow for commercial or business use. New construction. Purchase of personal property (built in appliances allowed).
Complete tear down & reconstruction. Alterations to allow for commercial or business use. New construction. Purchase of personal property (built in appliances allowed).
Terms and conditions apply. Subject to borrower and property qualifications. Not all applicants will qualify. This is not a loan commitment or guarantee of any kind. Rates and terms are subject to change without notice. NMLS #6606. © New American
INELIGIBLE IMPROVEMENTS
ELIGIBLE PROPERTIES
1-4 Unit primary 1 unit 2nd home 1 unit investment property PUD, condo, leasehold estate Manufactured home provided subject remains in compliance with HUD’s property acceptability criteria and all Freddie Mac requirements Accessory Dwelling Unit (ADU), including a manufactured home ADU
1-4 Units 1 Unit 2nd Home 1 Unit Investment Condo/PUD Manufactured Home (provided improvements do not require structural changes) Newly built home when the home is at least 90% complete. The remaining improvements must be related to completing non-structural items the original builder was unable to finish.
1-4 Unit primary 1 unit 2nd home 1 unit investment property PUD, condo, leasehold estate Manufactured home provided subject remains in compliance with HUD’s property acceptability criteria and all Freddie Mac requirements Accessory Dwelling Unit (ADU), including a manufactured home ADU
Required. Ranges from 10-20% depending on the project. May be financed or paid in cash.
Required. Ranges from 10-20% depending on the project. May be financed or paid in cash.
Required. Ranges from Required. Ranges from 10-20% depending on 10-15% depending on the the project. May be project. May be financed financed or paid in or paid in cash. cash.
Luxury items, including new swimming pools, hot tubs, outdoor fireplaces, gazebos. Existing inground Same as FHA 203k swimming pools may be Standard, plus no repaired. Complete tear down & reconstruction. structural alterations or foundation repair. Alterations to allow for commercial or business use. New construction. Purchase of personal property (built in appliances allowed).
SFR 2-4 Units HUD REO PUD FHA Approved Condo Bank owned REO All properties must be completed with a min. of 12 mos. since Certificate of Occupancy Manufactured home double wide or larger
CONTINGENCY RESERVE
FREDDIE CHOICERENO® EXPRESS
FANNIE MAE HOMESTYLE® FREDDIE CHOICERENOVATION®
FHA FHA LIMITED 203(K) STANDARD 203(K)
Required. Ranges from 10-20% depending on the project. May be financed or paid in cash.
FINANCING OPTIONS
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Equal Housing Opportunity. This is not a loan commitment or guarantee of any kind. Terms and conditions apply. Subject to borrower and property qualifications. Not all applicants will qualify. Rates and terms are subject to change without notice. All mortgage loan products are subject to credit and property approval. © 2026 New American Funding, LLC. NMLS #6606. nmlsconsumeraccess.org. 1 MacArthur Place, Suite 800, Santa Ana, CA 92707 naf.com. (800) 450-2010. Not available in: DC, NY, MA, TX, Guam, Puerto Rico, or U.S. Virgin Islands. Borrower is obtaining a bridge loan secured by their current primary residence to use the cash out proceeds towards the purchase of their new primary residence while they await the sale of their current primary residence. This loan product contains a balloon payment and requires no monthly payments during the 12-month term. The entire amount of outstanding principal and accrued interest is due at maturity or the sale of the property, if sooner than maturity. Payments do not include amounts for taxes and insurance premiums. Your actual payment obligation will be higher. NAF Cash, LLC (“NAF Cash”) is a real estate company that is an affiliated company of New American Funding, LLC. All products and services supplied by NAF Cash are subject to state availability and contractual terms and conditions. NAF Cash does not originate loans or issue loan commitments. NAF Cash charges a Transaction Fee of 1.50%-7.5% of the purchase price (fee varies by state and program). License: MI Real Estate Broker #6505431332. Not all loans are eligible for recast. Must hold a minimum of an M.D., D.O., D.D.S., DNP, DNAP, D.M.D, PharmD, VMD, DPM or CRNA degree and have an active employment contract or verification of terms of employment acceptance. This is not a loan commitment or guarantee of any kind. Terms and conditions apply. Subject to borrower and property qualifications. Not all applicants will qualify. Rates and terms are subject to change without notice. All mortgage loan products are subject to credit and property approval. © 2026 New American Funding, LLC. NMLS #6606. nmlsconsumeraccess.org. 1 MacArthur Place, Suite 800, Santa Ana, CA 92707 naf.com. (800) 450-2010. Not intended for distribution to consumers as defined by Section 1026.2 of Regulation Z which implements the Truth-In-Lending Act. This information is to inform the real estate industry only and is not marketing material to be provided to consumers. NMLS #6606. For a buydown, the seller or lender prepays a portion of the consumer’s monthly payments for the first 12, 24, or 36 months, reducing the interest rate 1%, 2%, or 3% below the note rate during that period. The note rate applies for the remainder of the term. Borrower must qualify based on the note rate. Hold for Transfer and Float Down options subject to additional terms and conditions, ask a New American Funding Loan Officer for more information. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits. Eligibility subject to program stipulations, qualifying factors, applicable income and debt-to-income (DTI) restrictions, and property limits. New American Funding, LLC is not acting on behalf of the Department of Veteran Affairs, nor affiliated with or any government agency. No FICO - Non-traditional credit references, such as rental and utility payments, may substitute for FICO. 09/2026
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