1. State Licensing Information.What are FHA Loans?FHA-approved lenders, like New American Funding, can offer these loans topeople who might have trouble meeting the requirements of a conventionalmortgage loan or refinancing. FHA loans are mortgage loans backed by the Federal Government. The most common types are the FHA home loan or FHA refinance loan.All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice.

2. State Licensing Information.Pros of FHA LoansDown payment as low as 3.5%*Can use gift money for down paymentsLess strict debt ratios for the buyerLower closing costsLower FICO credit scores allowedCan use it towards home improvement*Restrictions apply. Subject to borrower and property qualifications.All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice. 3. State Licensing Information.Cons of FHA LoansPay More in interest for the lifetime of the loanthan a conventional loanMortgage insurance added on to monthlypaymentsLimited to FHA-approved lendersFHA loans are limited to 115% of median homeprices in the areaAll products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice. 4. Basic FHA Loan RequirementsTwo years of steady employmentCredit score of at least 580 or betterNo late payment notices in the last two yearsYour new mortgage payment should be approx. 30% of your gross incomeValid Social Security NumberMust be a US ResidentState Licensing Information.All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice. 5. State Licensing Information.Buy That Dream HouseFHA loans are one of the easiest loans to qualify for. New homeowners andindividuals who cant afford a huge down payment or conventional loan willbenefit from an FHA loan.FHA-approved lenders, like New American Funding, are available to help findyour family the right loan for your dream house.All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice. 6. Pros & Cons of FHA LoansLearn More About Home Financingand First-Time Homebuyer ProgramsState Licensing Information.www.NewAmericanFunding.comAll products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice. 7. State Licensing Information.All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to changewithout notice.