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Financing Your First Home

With one of the most diverse and extensive product lines in the industry, we have mortgage products to fit a variety of home financing needs. We’ve listed some of the most popular here. To learn which loan options are best suited for your individual situation, call and speak with a mortgage consultant today.

  • Little or no down payment required
  • Flexible income, credit and debt guidelines, including non-traditional credit histories
  • Conventional and Government programs

For homebuyers with the following consideration points:

  • High debt ratios and little savings
  • Non-traditional credit histories
  • Experienced financial difficulties

USDA Loan (Details)

  • No down payment required    
  • Flexible income, debt, and credit requirements to help borrowers qualify
  • Closing costs can, in many cases, be financed into the loan
  • Property must be in an USDA designated area
For homebuyers with the following consideration points:
  • Homebuyers with limited savings
  • Homebuyers with low-to-moderate income as outlined by the USDA
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FHA Loan (Details)

  • Low down payment requirements
  • Flexible income, debt, and credit requirements to help borrowers qualify
  • Down payment and closing costs may be funded by savings, a gift, or grant

For homebuyers with the following consideration points:

  • Homebuyers with limited savings
  • Homebuyers with low-to-moderate income 

VA Loan (Details)

  • No down payment required in most cases
  • Flexible income, debt, and credit requirements to help borrowers qualify
  • Down payment and closing costs may be funded from savings, a gift, or grant

For homebuyers with the following consideration points:

  • Qualified veterans, reservists, active-duty service members
  • Homebuyers with low-to-moderate income
  • Homebuyers with limited savings 

Fixed-Rate Mortgage Loan

Fixed-rate mortgages give you the security of knowing your monthly principal and interest payment will not change.  NetFunding Corporation provides a variety of fixed-rate products, with loan terms ranging from 10 to 30 years.

  • Predictable payments.  The monthly principal and interest payment is fixed over the life of the loan.
  • Protection from rising interest rates. No matter how high market interest rates go, your mortgage rate remains the same over the life of your loan.

For homebuyers with the following consideration points:

  • Prefer regular payments with no surprises
  • Have limited or fixed incomes
  • Plan to stay in their homes a long time
  • Are buying a home at a time when interest rates are comparatively low

Related Information: Fixed-rate loans backed by government agencies (such as FHA and VA mortgages).


Adjustable-Rate Mortgage

  • Interest rate that is fixed for an initial period, then adjusts periodically based on market conditions
  • Lower initial rate than with a fixed-rate mortgage
  • A variety of fixed-period options ranging from one to ten years

For homebuyers with the following consideration points:

  • People looking to increase their short-term cash flow
  • Buyers who need a larger loan amount than they can qualify for with a fixed-rate mortgage
  • Homebuyers who plan to move or refinance within a few years


 

NetFunding Corporation  NMLS #18759

Registered New York Mortgage Broker - All mortgage loans arranged with third party providers