New American Funding · Lender
New American Funding
Review published mortgage options and requirements, then request a personalized quote from the lender.
Availability: Licensing published as all 50 states plus Washington D.C. and Puerto Rico. Specific program availability and underwriting must be confirmed; no state-code coverage inferred from nationwide licensing.
At a glance
- Credit requirement
- Generally, you’ll need a minimum credit score of 660, a debt-to-income ratio of 45%-55%, and proof of income.
Still to confirm: Borrower type, Property use, Reserves.
Our take: Pros & Cons
What we like
- Non-QM loans can use alternative income verification without a traditional W-2.
- Non-QM financing can support second homes and investment properties.
- The lender lists Global Advantage for ITIN and foreign-national borrowers.
What to consider
- The general Non-QM page states a credit score generally of 660, DTI of 45%–55%, and proof of income; individual program requirements may vary.
- Applicants must gather identification, income and asset information, and credit and debt reports.
- Some Non-QM loans can have prepayment penalties; review the specific loan terms.
AI-generated lender-level assessment based on published information. Not a verified assessment of Non-QM Loans; confirm program-specific conditions below.
Newcomer requirements
Non-QM Loans
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Minimum credit score
- Generally, you’ll need a minimum credit score of 660, a debt-to-income ratio of 45%-55%, and proof of income.
- Income documentation
- Gather your needed documents like identification, income information like asset information, 1099s, or bank statements, and credit and debt reports to finalize your application.
- Employment documentation
- You don’t need a traditional W-2 to qualify.
View full lender requirements
- Minimum credit score
- Generally, you’ll need a minimum credit score of 660, a debt-to-income ratio of 45%-55%, and proof of income.
- Income documentation
- Gather your needed documents like identification, income information like asset information, 1099s, or bank statements, and credit and debt reports to finalize your application.
- Employment documentation
- You don’t need a traditional W-2 to qualify.
- Other conditions
- Generally, you’ll need a minimum credit score of 660, a debt-to-income ratio of 45%-55%, and proof of income.
Questions to confirm with the lender (13)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Minimum down payment
- Foreign income
- Foreign assets
- Reserves
- State restrictions
- Property restrictions
- Occupancy
Requirements last reviewed: Oct 27, 2026 · Official requirements source
Rates and costs
Non-QM Loans
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
Non-QM Loans
- Gather your needed documents like identification, income information like asset information, 1099s, or bank statements, and credit and debt reports to finalize your application.
- You don’t need a traditional W-2 to qualify.
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
New American Funding offers Non-QM mortgages with alternative income verification for self-employed borrowers and investors. Its NAF Advantage lineup includes Global Advantage for ITIN and foreign-national borrowers; specific eligibility requires program review.
Legal lender: New American Funding, LLC
Lending channel: Direct lending
Provider type: Mortgage company
Lending channels: Direct lending. Origination status: Not stated.
NMLS identifier: 6606
More lender directory information
Direct application information ↗
Licensing published as all 50 states plus Washington D.C. and Puerto Rico. Specific program availability and underwriting must be confirmed; no state-code coverage inferred from nationwide licensing.
Directory verified: 2026-10-27 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 27, 2026
- Official lender source · Last checked Oct 27, 2026
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.