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.
Tools
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Local Lending Solutions
Spokane's Premier Mortgage Programs
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!
Conventional
Standard home loans offering competitive rates and flexible terms for buyers with strong credit and steady income.
FHA
Government-backed loans with lower down payment requirements, perfect for first-time homebuyers or those building their credit.
VA
Exclusive, zero-down financing options dedicated to serving eligible veterans, active-duty military, and their families.
Jumbo
High-balance mortgage solutions designed for luxury properties or homes that exceed standard conventional loan limits.
Renovation
Combine your home purchase and remodeling costs into one convenient loan to build your perfect living space.
USDA
Zero-down payment mortgages for eligible rural and suburban properties, making homeownership accessible outside the city limits.
No Income / No Employment DSCR Investor Loans
Grow your real estate portfolio by qualifying based on the property’s projected cash flow rather than personal income.
12/24 Month Bank Statement
Flexible qualifying options for self-employed borrowers using personal or business bank deposits instead of traditional tax returns.
No Income / No Employment Loan Primary Residence Loan
Alternative financing for your main home utilizing asset depletion or other non-traditional qualification methods.
ITIN Mortgage Loan Program
Accessible home financing for individuals purchasing a property using an Individual Taxpayer Identification Number instead of an SSN.
P&L-Only Mortgage Loan Program
Streamlined financing designed for business owners, utilizing profit and loss statements rather than extensive tax documentation.
1099 Mortgage Loan Program
Tailored loan solutions for freelancers and independent contractors, qualifying you based entirely on your 1099 earning statements.
NAF Cash
Turn your offer into a highly competitive all-cash bid to win your dream home in today’s fast-paced market.
One Time Close Construction
Finance your land purchase, construction costs, and permanent mortgage all with a single application and closing process.
Down Payment Assistance
Overcome upfront cost barriers with specialized programs designed to help cover your down payment and closing expenses.
Medical Professionals Mortgage Program
Favorable terms and lower down payment requirements tailored specifically for doctors, nurses, and eligible medical staff.
WSHFC Washington Down Payment Assistance
State-specific financial support providing Washington residents with accessible pathways to achieving homeownership.
IHFA Idaho Down Payment Assistance
Tailored financial assistance programs designed to help Idaho buyers bridge the gap to owning their own home.
Well, Look Here
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