Down Payment Assistance
Choose Your Path: 3% or 5% Assistance
At New American Funding, we know that saving for a down payment can be one of the biggest hurdles to homeownership—especially for first-time buyers. That’s why we offer the NAF Pathway for homebuyers with credit scores of 580+, a down payment assistance program designed to make buying a home more affordable and achievable.
With NAF Pathway, eligible buyers can receive either:
-
3% of the home’s purchase price
-
5% of the home’s purchase price
These funds can be used toward your down payment and/or closing costs, making it easier to get into a home with less upfront cash.
Key Benefits
- No Repayment Required – In many cases, the assistance is structured as a forgivable grant.
- Available for First-Time Buyers – Designed specifically to help those entering the housing market.
- Flexible Options – Choose between 3% and 5% assistance based on your financial needs.
- Use With Eligible Loan Programs – Works with qualifying mortgage programs through New American Funding.
- Helps Reduce Upfront Costs – Keep more of your savings for moving expenses, home furnishings, and more.
No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!
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