You deserve an advantage when shopping for a home!

Shop with the Purchase Advantage,  exclusively from New America Financial and get the edge you need when buying a home in this market.

Only The Purchase Advantage gives you:

  • The assurance and confidence of knowing that you’ve already completed the majority of the mortgage process. Now find the home of your dreams and make an offer!
  • A stress-free home shopping experience because you’re not just pre-qualified. Your loan is already underwritten,  your assets, income and credit have been verified and there are no uncertainties.
  • This gives you the upper hand when negotiating for the home you love. You’ll have an advantage over other buyers who may be pre-qualified, but are not fully approved.
  • The edge you need to let sellers know that you’re serious about buying a home. The Purchase Advantage puts you in the driver seat because you’re already fully approved for a loan. There’s no better way to let a seller know you’re serious and serious sellers want to do business with serious buyers!

How can Purchase Advantage benefit me?

  • With the Purchase Advantage, you’re fully approved by New America Financial; not just pre-qualified. Your income, assets, debts and credit have been underwritten before you make an offer. You are one step ahead of other buyers in the market.
  • Sellers want to work with fully approved buyers. Being approved says to a seller that you’re serious about buying and you’ve already been verified and underwritten, so they can expect a fast and smooth transaction. Having the Purchase Advantage means that you have already gone through the majority of the mortgage process, including complete verification of credit, assets, income and debt.
  • The Purchase Advantage benefits both first-time and experienced home buyers. It is popular because it makes shopping for a home stress-free and it just makes sense! The majority of the mortgage process is completed up front, prior to finding a home. All that’s left is the property appraisal and the closing.

Shop for a home with The Purchase Advantage. Contact a Personal Loan Consultant to get fully approved before you shopping for a home.

Get The Purchase Advantage and choose from our popular Loan Options.

A 30-year fixed rate mortgage is the most popular home loan option available. It is ideal for home buyers because of its straightforward structure and its predictable and steady monthly payment. With a 30 year fixed-rate mortgage, it is easy to set your budget because your total payment of principle and interest remain unchanged for the entire term of the loan.

How can a 30 Year Fixed Loan benefit me?

  • Stable and lower monthly mortgage payments
  • Build more equity over time
  • Lock in a low interest rate
  • Most popular loan for new home buyers
Is this loan right for me?

  • First Time Home Buyer
  • Want a consistent mortgage payment throughout the life of the loan
  • Don't expect to move/relocate

In a 15-year fixed rate mortgage, you will be able to take advantage of a lower interest rate than you would with a 30-year fixed rate mortgage and you'll own your home quicker too! It is a great way to save money because a lower interest rate and a shorter term means that you will be paying less interest over the life of your loan. Be sure to factor into your budget that a 15 year fixed-rate mortgage will naturally come with a higher, but steady, monthly payment.

How can a 15 Year Fixed Loan benefit me?

  • Pay less interest on mortgage loan
  • Lock in a low interest rate
  • Stable monthly mortgage payments
  • Build equity quicker
  • Lower mortgage insurance premium
Is this loan right for me?

  • First Time Home Buyer
  • Want to pay off your loan quicker
  • Save money by paying less interest
  • Have sufficient income to afford a higher monthly payment

An adjustable rate mortgage, also referred to as an ARM or variable rate, is a loan option with a low introductory rate. The interest rate with this mortgage will adjust over time (typically 5 to 7 years). Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease.

How can a ARM Loan benefit me?

  • Low initial monthly payments
  • Low introductory mortgage rate
  • Reduce the cost of your mortgage
  • Ability to qualify for a higher loan amount

Is this loan right for me?

  • First Time Home Buyer
  • Flexibility to refinance in the next 5, 7, or 10 years
  • Plan to move in the next 5-10 years
  • Expect future increase in salary
  • Want lower initial mortgage payments

Are you concerned about your qualifying income or credit score? A Federal Housing Administration (FHA) loan is a popular option for home buyers with lower qualifying income, low credit scores or a lack of credit history. FHA loans require a significantly lower down payment (as little as 3.5%) and are easier to qualify for than a conventional mortgage.

How can a FHA Loan benefit me?

  • Low closing costs
  • Lower required down payment (as little as 3.5%)
  • Secured fixed interest rate
  • Lower mortgage insurance premiums
  • Easier to qualify for even with a low credit score or lack of credit history.

Is this loan right for me?

  • If you have credit score concerns or insufficient credit history
  • If you have less than 20% available for a down payment on your home
  • If you are a first time home buyer or are refinancing and needing to finance over 80% of your home
The VA loan is a loan program designed specifically to help you purchase a home with fewer restrictions and with little to nothing down. The Veterans Affairs (or VA) loan is governed by the United States Department of Veterans' Affairs.

How can a VA Loan benefit me?

  • Qualify with a credit score as low as 620
  • Little-to-No money down required (100% financing available)
  • Get a secured fixed rate loan for 30, 20, or 15 year term
  • Get a 5-year adjustable rate mortgage
  • Refinance up to 120% of your home's value
  • Lower or no closing costs
  • No Private Mortgage Insurance (PMI) is required
  • VA loans are governed by the U.S. Department of Veterans Affairs

Is this loan right for me?

  • If you are you a veteran, active-duty service member or a surviving spouse of a veteran
  • If you have credit score concerns or insufficient credit history
  • If you have less than 20% available for a down payment on your home
  • If you are a first time home buyer or refinancer needing to finance over 80% of your home

First Time Home Buyers' Guide


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