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MISSISSIPPI LICENSED MORTGAGE COMPANY OR LICENSED BY THE MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE , 1847229, MORTGAGE LENDER LICENSE - MS, LA, FL AND 293 E MAIN AVE, LUMBERTON, MS 39455, MISSISSIPPI LICENSED MORTGAGE COMPANY OR LICENSED BY THE MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE , 1342509, MORTGAGE LOAN ORIGINATOR LICENSE - MS AND 293 E MAIN AVE, LUMBERTON, MS 39455, MISSISSIPPI LICENSED MORTGAGE COMPANY OR LICENSED BY THE MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE .THE PRINCIPAL AND INTEREST PAYMENT ON A $200,000 30-YEAR FIXED-RATE LOAN AT 6.999% AND 97% LOAN-TO-VALUE (LTV) IS $1,390.47. THE ANNUAL PERCENTAGE RATE (APR) IS 7.592% WITH ESTIMATED FINANCE CHARGE OF $5,600. THE PRINCIPAL AND INTEREST PAYMENTS, WHICH WILL CONTINUE FOR 360 MONTHS UNTIL PAID IN FULL, DO NOT INCLUDE TAXES AND HOME INSURANCE PREMIUMS, WHICH WILL RESULT IN A HIGHER ACTUAL MONTHLY PAYMENT. RATES CURRENT AS OF 09/12/2023. SUBJECT TO BORROWER APPROVAL. SOME EXCLUSIONS MAY APPLY. *2021 HMDA COMPILED BY AIME: NDP ANALYTICS — COMPARISONS BASED ON CONVENTIONAL CONFORMING 30-YEAR FIXED LOANS FOR DEBT-TO-INCOME RATIO 41-45% BETWEEN TOP 10 WHOLESALERS AND TOP 10 NON-BANK RETAILERS: LOW INCOME DEFINED AS LESS THAN $52,000; INTEREST SAVINGS ASSUMES FULL TERM OF LOAN.

John Boatman

Branch Manager


New American Funding

NMLS# 183030

LA/MS/AL

Phone: (985) 869-1366
Email

john.boatman@nafinc.com