No Downpayment?

No Problem!

New American Funding's 100 Plus Program

How It Works:

1st Mortgage

  • 30 Year Conventional Loan
  • Up to 97% loan-to-value with no mortgage insurance (MI) required

2nd Mortgage

  • Up to 4% loan-to-value to cover your down payment and closing costs
  • = 101% Financing Available
  • 2nd Mortgage is Interest Only 30 Year Term

Highlights:

1

No Mortgage Insurance (MI) Required

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2

FICOs as low as 660

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3

Max 50% Debt to Income Ratio

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4

Purchase only

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5

One-unit properties

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6

Income Limit 140% Median Income

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Ready to get started?

Apply Now