I CAN Mortgage

Works Within Your Budget: Our mortgage experts will help you find a loan that fits your monthly budget and supports your long-term financial goals.

Helps Pay Off Your Loan Quicker: You could refinance to a lower rate and shorter term to build home equity faster.

Keeps Your Financial Progress on Track: If you're considering refinancing after seven years but don't want to reset to a 30-year loan, we can arrange a 23-year term at a potentially lower rate.

Meets Your Needs Now and Later: Whether you're buying your first home, renovating, moving up, needing better cash flow, or planning for retirement, our I CAN mortgage offers a range of solutions tailored to your changing needs.

Choose from repayment plans ranging from 8 to 30 years. Qualify with a credit score starting at 620, depending on the loan type. This loan is available for primary residences, including single-family homes, townhouses, and condos.

Fixed-Rate Purchase or Refinance Loans.

• Choose from a wide variety of loan types, including Freddie Mac and Fannie Mae high balance loans.
• Purchase and refinance mortgage loans available up to $766,550.
• Low down payments starting at 5% for primary homes.
• Refinance up to 95% of your primary home's value.

With New American Funding's I CAN mortgage, you can pick any term from 8 to 30 years to best meet your financial needs and goals.

Experience control and flexibility with the I CAN mortgage! Check out today's mortgage rates.

What is a Custom Mortgage?

A custom mortgage allows you to tailor your loan to fit your specific needs, within the options your lender offers. For instance, New American Funding's I Can Mortgage lets you pick any loan term from 8 to 30 years, adjusting in one-year increments, so you can manage your monthly payments more flexibly.

What Mortgage Terms Are Available?

Mortgages can be short-term or long-term. The most common short-term option is the 15-year mortgage, while the 30-year mortgage is a popular long-term choice. The term length you choose can affect your interest rate, with shorter terms generally offering lower rates.

What is the Best Mortgage Term for First-Time Buyers?

For first-time buyers, a 30-year fixed-rate mortgage is often recommended because it provides lower, predictable monthly payments, making the transition to homeownership smoother.

Those who can afford higher monthly payments might prefer a shorter-term mortgage, which allows them to pay off the principal faster. Refinancing to a new term later is also an option to adjust payments as your financial situation changes.

Can I Choose My Own Mortgage Term?

Yes, some lenders, like New American Funding with their I Can Mortgage, offer the flexibility to choose your mortgage term, ranging from 8 to 30 years in yearly increments.

Can I Refinance Without Starting Over?

Yes, with some lenders, you can refinance your mortgage without losing the progress you've made on paying it down. For example, if you're 3 years into a 30-year mortgage, you could refinance to a 27-year term with New American Funding's I Can Mortgage, keeping the equity you've built.