Loan Programs
One Time Close Construction
Build your dream home with an OTC Jumbo loan designed for big visions.
Buy the land & build your home with a One-Time Close loan
Are you interested in building the new home of your dreams on land you can call your own, but worried about how complicated that may be? You don’t have to worry anymore, thanks to New American Funding’s One-Time Close loan. Instead of needing separate loans for the land and the construction, our One-Time Close loan covers both, saving you time and money.
During construction, pay escrow and interest only. Once construction is complete, your loan converts to an adjustable-rate mortgage at the interest rate you locked-in when construction began. NAF makes it easy.
Property Types
- Modular homes
- Teardowns and major renovations
- Detached condos
- Single-family, site-built
- Detached single-family planned community
- Properties where construction has already begun
MORTGAGE TOOLS
Your Mortgage Options, Made Clear.
MORTGAGE SOLUTIONS
Find the Financing That
Fits Your Future.
Explore home loan programs designed to support your homeownership goals, whether you’re purchasing, refinancing, or planning your next move.
No Income / No Employment DSCR Investor Loans
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12/24 Month Bank Statement
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No Income / No Employment Loan Primary Residence Loan
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ITIN Mortgage Loan Program
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P&L-Only Mortgage Loan Program
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1099 Mortgage Loan Program
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NAF Cash
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One Time Close Construction
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Down Payment Assistance
Medical Professionals Mortgage Program
Free Tools
Check Out Our Other Mortgage Calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Affordability Calculator
Assess how much home you can afford based on your income, expenses, and desired down payment.
Rate Buydown Calculator
Check out how much you can save with a seller-paid rate buydown.
YOUR NEXT MOVE STARTS HERE
Let’s find your path home.
Buying, refinancing, or exploring your options? Connect with Greg Downs at New American Funding for personal guidance and home loan options that fit your goals.
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New American Funding, LLC // NMLS #6606 All information is deemed reliable but not guaranteed. Neither mortgage company nor website company shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 919-451-6089 for assistance. You should not send confidential or personally identifiable information via unencrypted email. It is not a secure way to send any information and could expose you to data hacking. This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. 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, LLC charges a Transaction Fee of 1.50%-7.5% of the purchase price for its service (fee varies by state and program). License numbers: MI Real Estate Broker #6505431332. Terms and conditions apply, not available in all states. 41050 W 11 Mile Rd, Ste 220, Novi, MI, 48375. Phone 844-344-0531. 41050 W 11 Mile Rd, Ste 220, Novi, MI, 48375
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