Loan Programs

The following is a partial list of programs offered by New Start Home Loans with a brief description of the key elements. For a complete list of the programs that we offer, contact us.

NO DOWN PAYMENT LOAN
The no down payment loan is designed to offer homeownership opportunities to individuals with fair credit but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest their savings in assets other than their homes.

CREDIT ENHANCEMENT LOANS
Even if your credit is less than perfect today, it doesn't need to remain that way forever. With loan programs designed to give you a new start, our Credit Enhancement programs come with a unique promise: at the end of 24 months, provided you’ve made you’re payments on time, we will refinance your loan at current market rates with absolutely no origination fees to you. You can improve your credit. And New Start will be there to reward you when you do.

BAD CREDIT LOANS
Not that long ago, homeowners with less than perfect credit found it almost impossible to get a new home loan. Not any more. Today, homeowners with current and past credit problems count on New Start Home Loans to consolidate debt and get cash--all at competitive low mortgage rates.

AFTER BANKRUPTCY LOANS
As a result of unemployment, divorce, illness and a variety of other social and economic influences, the number of personal bankruptcies in the United States continues to rise year after year. New Start Home Loans offers a number of mortgage programs for consumers who have gone through a bankruptcy, including those homeowners with bankruptcies discharged just yesterday or still pending.

AFTER FORECLOSURE LOANS
At New Start Home Loans, we believe that what happen in the past is just that—in the past. Our After Foreclosure loan programs look to the future and the ability to give you and your family another chance at the American dream of owning your home. You can trust New Start Home Loans to help make your dreams come true.

PMI ELIMINATOR LOANS
Tired of paying $75 to $150 per month or more for PMI insurance because you didn’t put at least a 20% down payment on your home. We think you have a better use for your hard earned money than paying some company you don’t know for insurance that only protects your lender--not you. Our PMI Eliminator loan will stop this abuse immediately and put that money back into your pocket.

DEBT CONSOLIDATION LOANS
Use the equity in your home to pay off nagging credit cards, personal loans, auto loans and other high-rate debt into one new loan with a lower monthly payment. Combine debt consolidation with a refinance loan and you can take advantage of the lowest mortgage loans rates available. New Start can help you get cash and save $250, $500, even $750 or more in monthly payments and give your budget a fresh start.

CASH OUT LOANS
Today’s rising home values have created a ready source of cash for millions of homeowners nationwide—your home. Need cash? Look no farther than your doorstep and let New Start Home Loans help you take advantage of the thousands, tens of thousands or hundreds of thousands of dollars of cash available in your home.

NO EQUITY LOANS
Unlike traditional loans that only let you borrow up to 80% or 90% of your home’s value, a No Equity loan will allow you borrow up to 100% or more of the value of your home. Don’t have a lot of equity yet? You may not need to with a No Equity loan from New Start Home Loans.

NO INCOME VERIFICATION LOANS
Loans where your income is not requested or verified are called Stated Income loans. There are a variety of other “no-doc” loans for homeowners who choose not to disclose employment, income and other assets. Talk to New Start and see if a “no-doc” loan is right for you.

REFINANCE LOANS
One of the most popular and cost effective home loans offered today, refinance loans from New Start Home Loans are available with or without additional cash out for debt consolidation, home improvement and other purposes. This loan makes budgeting easy. One loan. One payment. One low first mortgage rate.

HOME EQUITY LOANS
The equity in your home represents one of the lowest cost sources of money to meet life’s ongoing financial needs. From college tuition and home improvement to whatever is most important to you and your family; get the cash you need with a refinance or home equity loan from New Start Home Loans today.