New American Funding

New American Funding

 4.8/5 (361 reviews)
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About New American Funding

New American Funding (NMLS #6606) is a California-based mortgage lender founded in 2003. The company serves 49 states and offers multiple types of mortgages, including FHA, VA, USDA, conventional, jumbo, buydowns, reverse mortgages and I CAN loans. You can start the application process online, but you’ll have to chat with a loan officer to finalize your application.

Overall Satisfaction Rating

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

Pros

  • High customer satisfaction ratings
  • Several FHA loans
  • Quick preapproval decisions

Cons

  • Application process not 100% online
  • No pre-qualification without a credit check

Bottom Line

New American Funding provides multiple mortgage products to homeowners with a wide range of credit scores. The company promises low lender fees and competitive interest rates. You can request a rate quote directly from the company's website

New American Funding Reviews

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Page 2 Reviews 5 - 35
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

Phat was amazing through a long and tedious process due to no fault of his own. He was professional, courteous and friendly. HIGHLY RECOMMEND! THANK YOU, PHAT! Processing time from processing to closing- 3 weeks. Response time from Phat- always the same day.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

Justin was awesome, he was very communicative and helped me get everything through to closing in a timely manner. He also went above and beyond to explain everything to me and answer all my questions (big and little) in a very helpful way. The title company changed final numbers multiple times and he did his best to keep me apprised of those changes as quickly as he received them.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

Michael was so helpful and knowledgeable. He made the entire process so easy. He being such a pleasant person going over and beyond the call of duty to complete my refinance in a timely manner seemed effortless on his part. So it made me very worry-free.

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Rated with 3 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

The underwriter was not consistent. This was the only bad part about the process. Each time we were told to provide a paystub/document, it was never enough. We provided everything that was asked, but still had to go back and forth. Very frustrating!

2 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

We had a great loan officer. He was very knowledgeable with respect to fees, interest rates, and loan timing. Joseph worked on our behalf and kept us informed throughout the process. Being a small business owner we had some challenges with underwriting, but Joseph continued to keep the process moving forward.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

The service and personal attention we received from Kat ** were exceptional and beyond what we expected! Kat's knowledge of the financial markets was vital to helping us with the timing for locking our interest rate. Our house was due for completion during the ups and downs of interest rates of Spring 2022, so threading the needle of how much rate lock to buy vs. spending the same dollars on buying points vs. waiting helped tremendously for our cost planning. She was willing to go into the nitty-gritty of each line item on the Loan Estimate, running different scenarios for us and answering every question along the way. As first-time home buyers, everything was new to my wife and me. The most important thing we wanted was someone we could trust. She was there for us every step of the way. I'm glad we chose her services and would recommend Kat and New American Funding to anyone buying a home.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

The loan officers at New American Funding were very easy to work with, they were highly knowledgeable and helped me through the process with ease. I would recommend New American Funding to my friends and family every day of the week and twice on Sunday. Thank you!!! Chris C.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

Nathan's customer service was excellent. He is very personable and knowledgeable. He was always available, answered all of our questions, and made the experience totally painless. I will gladly recommend him to friends or family when they need help with refinancing or other lending needs.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 3, 2022

Devin was highly attentive and very quick to respond. He made the process stress free and easy. Thank you to the whole team that made this transaction happen so smoothly. I will absolutely be referring my friends and family to New American Funding.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

I had a great experience. The people I worked with were fast at responding and knowledgeable about every step of the process. They were also very excited to help me achieve my goals of becoming a home owner. I will definitely be recommending them in the future.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Personable and clear. Worked with the old mortgage company that was a pain to deal with. Email and phone correspondence was pleasant. The process was fast and only held up by the company holding the old mortgage and you did all you could to deal with them to resolve issues.

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Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

I had Ted as my loan consultant and it was great. He communicated everything and taught me how the home buying process works which I needed as a first time home buyers. Only thing I didn’t like was being switched between him and Adam.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

I had no over extending problems with the whole process. I was made well aware that it was going to be difficult but didn't know how the process had changed just in the last 3 to 4 years. It started off very smoothly with some small issues toward the middle of the loan/refi..But it ended well..

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

New American Funding with Loc ** and Kristen ** provided us with a smooth and rapid home refinancing at the end of April. I would recommend this duo most highly and without reservation. Especially since we are older and semi retired. They really each gave their very best assessment and advice.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Any questions we had along the way were always answered within a timely manner. We could sign everything through email and when it came time to sign all documents at the end they came to our home. Loved that a email was sent out letting us know which step we were on and what was coming next.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

My wife and I were a bit nervous as this was our first mortgage, but New American Funding made the process very simple. The people we worked with to complete the process were amazing. Very kind and very thorough. Our mortgage was complete and funded nearly as quickly as it began and we couldn't be happier. Thank you so much.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Mark and his team were fantastic to work with. They were professional and timely when answering any questions.! Mark made sure that I was qualified before we went through the process, he addressed all my concerns at all times. He kept in touch throughout the process.. they all did. This has been the best experience I have ever had! I will recommend them to anyone! In fact, I already have! Lol.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Jay was so responsive and helpful. When we hit snags in the road, and even major roadblocks, he was there to help and never added to our stress. His service was so personable and we really felt supported by him. Getting our mortgage with Jay as our loan officer was actually the easiest part of our homebuying experience, and that was definitely NOT expected.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Thank you for a helpful loan experience. Nathan and Tori worked together to help us prepare everything the underwriters needed. The only recommendation I have is that we reminded our team we were out of state approximately 4 days before closing, but then were given less than 24 hours notice of the deadline to find a local notary. An earlier response to our reminder would have been helpful.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Very helpful and supportive staff. We had a couple of obstacles to overcome that were frustrating but the staff patient and helpful. The hybrid closing was a bit confusing but we got it right on the second time around. Nadder and Jordyn were both really helpful from the start of the refinance.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Moe is a very personable guy who went above and beyond to assist us and inform us in this purchase. Moe even worked over the weekend to get us information and answer questions. I asked him to do a favor that was outside of his job role and he did it with no issues.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

Very simple and straightforward. George ** assisted in this process and was very helpful at each step. I will be using New American for all needs in the future and will recommend their services to everyone. We were able to refinance without any hassle.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 2, 2022

My experience with New American funding was great. My loan consultant was very attentive, patient, and he went out of his way to make sure that we understood the process. The process was not in any way stressful. Which made the difference process all much easier. It was an easy process, and I would totally recommend others to reach out to new American funding.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

I had a great experience with the NewAmerican team (specifically Yanal and Glen). I found the team to be extremely responsive and helpful, even when I reached out late at night or on weekends. I appreciated that Yanal was open to texting and phone calls in addition to email. The NewAmerican team guided me through the process and kept me informed throughout. I would recommend them to friends and family who are looking to purchase a home.

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Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

This company has superb team members that help ease either financing or refinancing a home loan. The whole process was quick and easy. The website keeps your loan process up to date and it’s easy accessible. They’re reliable, honest and answer all your questions in a timely manner.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

My agent was very very thorough and explain every single step of the process every single way. I felt more comfortable going with new American specifically because of the agent. I shopped several loan companies and Zoe McMillian is the reason I chose you.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

I Was and am very happy with New American Funding and Devon. Whole process from start to finish was smooth and easy. I Will absolutely recommend new American funding to my family and friends and look forward to continued business with new American funding.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

Thank you for walking me through my very first home refinance. It was a pleasant experience. My loan officer, Ben **, was very knowledgeable and attentive. If I were ever to refinance again, I would want to go through him.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

Everything was explained clearly and processed efficiently. The team worked together with us to clear any obstacles that came up. The lawyer came to us and did a split signing with our daughter which allowed for an easy experience. Would recommend them to any of our family and friends.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 1, 2022

I would highly recommend William. As a first time home buyer, his customer service exceeded expectation. He helped me attain a great rate and close in under 30 days! William's attention to detail and honest sets him apart. If he promises...he will deliver. He is well deserving of five stars.

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New American Funding Company Information

Company Name:
New American Funding
Website:
www.newamericanfunding.com