New American Funding 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 is licensed in all 50 states and has branches in 44. It 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.

Pros
  • Offers incentives to first-time homebuyers
  • Numerous loan options, including several FHA loans
  • Quick preapproval decisions
Cons
  • Application process not 100% online
  • No pre-qualification without a credit check

New American Funding Reviews

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    How do I know I can trust these reviews about New American Funding?
    • 4,884,532 reviews on ConsumerAffairs are verified.
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    Page 7 Reviews 840 - 1040
    Verified purchase
    Customer ServicePunctuality & SpeedStaffLoan Process

    Reviewed July 9, 2021

    I found my loan officer Justine to be knowledgeable and Professional in every way. She answered all our questions and responded quickly to Emails and phone calls. Every person I had any contact with was always a pleasure and the entire process was excellent!

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    New American Funding
    Response from New American Funding

    Thank you for sharing your review regarding your loan experience with us. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Verified purchase

    Reviewed July 7, 2021

    New American was a great company to deal with for our mortgage refinancing. They go above and beyond to make the process very smooth and easy, especially Alex ** & Joel **. We highly recommend this company.

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    New American Funding
    Response from New American Funding

    Thank you for sharing your review regarding your loan experience with us. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Verified purchase
    StaffLoan Process

    Reviewed July 6, 2021

    Cassandra was an awesome initial point of contact and helped us get our loan even with some quirks on our credit report. Chanthip finished off the loan really well and we are very happy with the whole experience.

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    New American Funding
    Response from New American Funding

    Thank you for sharing your review regarding your loan experience with us. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Verified purchase
    StaffLoan ProcessTransparency

    Reviewed July 3, 2021

    New American Funding has been the overall most caring associates that I have ever experienced in a long time. I was updated with my loan process more than I expected. There were no hassles nor fuss. Thank You, customers need this kind of attention once in a while.

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    New American Funding
    Response from New American Funding

    Thank you for sharing your review regarding your loan experience with us. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Verified purchase
    Punctuality & SpeedStaffLoan Process

    Reviewed July 1, 2021

    We have had a fantastic experience with New American Funding. We would not have been able to close on our dream home without the advice and support from our loan consultant, Erik. One day before closing we had a major hiccup with selling our old home, and needed urgent help restructuring our loan. Eric gave us excellent advice and helped getting us to closing less than a week later. Eric even proactively reached out to the seller’s agent to assure them, giving us the extra time to close.

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    New American Funding
    Response from New American Funding

    Thank you for sharing your review regarding your loan experience with us. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Verified purchase
    Customer ServiceStaff

    Reviewed July 1, 2021

    Zach is the epitome of Excellent Customer Service. He was so personal throughout the entire process. He made me valued as a customer and not just another “commission”. I highly recommend Zach and his company to anyone seeking a mortgage company.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    Sales & MarketingPunctuality & SpeedStaff

    Reviewed June 29, 2021

    I had a really good experience with New American. They were very professional and explained everything to me in terms that I could understand. I never felt pressured or pushed into doing anything too quickly. I would definitely refer people to them.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    CoverageSales & MarketingStaffRatesHonesty & Transparency

    Reviewed June 28, 2021

    Everyone sees the ads for refinancing and I am sure some are true, but if you are not a prime customer, you don't get good service, you get abused, you get ignored and they put their trainees on your account. After two big lenders took us through the process only to drop us at the final stage, we found New American Funding. These are honest, sincere people who are really interested in you, how to educate you, honestly tell you what they can do and then do it. They listen to you; discuss your options and keep you focused and on target. When things happen and problems arise, they are there to explain why, fix it OR give you another option and always helping you keep your eye on the goal - getting the refi done. I am glad to share my experiences with you and tell you the horror stories that the big guys don't want you to hear.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed June 28, 2021

    I had an amazing customer experience in securing my first home in the USA. This was made possible because the team went above and beyond the call of duty to ensure that I qualified for the loan. They delivered within the requisite timeframe even though I had many personal challenges, Thank you Zane and Tracey, You're the Best!!

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed June 27, 2021

    We had called several other loan companies but were unsuccessful, then I happened to see New American Funding and thought I would give them a try. That was the best decision I ever made. They were so supportive and the experience they have in what they do is the best I have seen. They were very friendly and polite at all times and would explain everything to you. One terrific company!

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    Punctuality & SpeedStaff

    Reviewed June 25, 2021

    Moe's professionalism and work ethic is unmatched. He helped us to feel confident during the home buying process by thoroughly explaining anything we had questions on. Very prompt, never having to wait on him and also very patient and understanding to our situation. Moe is very highly recommended by my wife and I. We plan on working with him again in the future.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    Punctuality & SpeedStaff

    Reviewed June 23, 2021

    7th mortgage in my life. This process, primarily driven by electronic documents, signatures, uploads, is fast. Took about 5 weeks to funding. Appraisal appointment slowness added two weeks to the process. All those we worked with were courteous, professional and efficient. Thank you.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Verified purchase
    Customer ServicePunctuality & SpeedStaffLoan Process

    Reviewed June 23, 2021

    I had an amazing experience using New American. Our loan agent Michael ** was the best. Even through a four hour time difference he never failed to respond promptly to any concerns or questions I had. I would recommend to anyone.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Punctuality & SpeedRates

    Reviewed April 29, 2021

    Although the pandemic makes the home buying experience NAF walked me thru the process easily, and they locked me in at an incredible interest rate! Ben and his assistant Tonya were quick to answer any questions I had, and make the process as seamless as possible! Thank you New American Funding.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Customer ServiceStaffRates

    Reviewed March 4, 2021

    Our lender was incredibly responsive to our calls and questions. They provided lots of information but were also accommodating when we need to provide different information. They always worked in our best interests and fought to get us a great rate under 3%.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Customer Service

    Reviewed Sept. 4, 2020

    I absolutely love New American Funding. This is my first mortgage with them, but I love how everything is in-house. Makes the whole process easier to do. Their customer service is top-notch. Would absolutely recommend them to family and friends.

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    New American Funding
    Response from New American Funding

    Thank you so much for your incredibly kind words and for awarding us a five-star rating! Please let us know if we can be of further assistance to you. Respectfully, Customer Service Management

    Customer ServiceStaffLoan ProcessRates

    Reviewed March 13, 2020

    I received outstanding personal service whenever I had a question. They got back to me right away. It was a painless process! The rate was very competitive and they very friendly the whole way. I actually refinanced an existing loan to lower my rate by 1.375%.

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    New American Funding
    Response from New American Funding

    Thank you so much for taking the time to leave us feedback. Should you require any further assistance, please feel free to contact us directly. Respectfully, Customer Service Management

    Customer ServicePunctuality & SpeedStaffLoan ProcessRates

    Reviewed Sept. 27, 2017

    I would unrecommend this company to anyone, not because I think they're totally incompetent, because even the worst worker has a success now and again, but because my own, personal experience was an absolute nightmare. There were just so many mistakes made, from beginning to end with this company that I could not in good conscience let them off without at least this reviewing slap on the wrist. Okay, where to begin? For those who have the patience to read this entire rant, I will try to remember all the horrible, nail-pulling, face-palming, shoulder-shrugging moments I can.

    I was told we could close in 30 days, and that the first payment would be something like 30-45 days out. Didn't happen. After 90 days, they finally said, "We need to back off for an additional 30 days and let the 'lock' on interest rate expire." Say what? Being 60 days past the originally 'promised' closing time frame, who asks for a 30-day extension before being able to go back to square one and start over? 95% of the communications were held by email, with a couple of phone calls thrown in for good measure. Unfortunately, they'd go a week without communicating back. In some situations, this might not be a problem. But, when you're told that the loan is in the processor's hands (the second step, after the original salesperson has left the picture), it seems to me, you'd expect to hear from the processor.

    I mean, how long does it take to make sure a document is a) in place, b) filled out correctly, c) meets company guidelines, and d) is ready to go to underwriting? So, when going a week and not hearing from the processor as the days trickle by in the 'promised' 30-day closing timeframe, I began to get really frantic. (Yes, I admit, I am notoriously impatient, but if a closing is going to take until the end of August, don't promise the end of July). One delay was laid at the feet of the Title Company. Apparently they felt there was a glitch in the title which might cause a problem in underwriting the title insurance. Okay, if there's a problem, tell me what you need us to do to fix it. Without going into personal details, it was a very minor problem which was easily fixable. However, it took three weeks of hemming and hawing to get this company and their chosen title company to provide a solution (which was on me to fix).

    Who takes three weeks to identify a solution when closing is supposed to be between 4-5 weeks from start date? After the delay, the solution they provided was wrong. Go figure. They (NAF) sent incomplete documentations, so the wifey and I spent a half day running from courthouse to tax office and back again to file documents that were, in the end, incorrect. Can you say SNAFU? There was also a hang-up with my credit report. This outfit pulled my credit report three times in a three-day period. Who does that? Then, as a result, my credit score got shanked. What was really funny, I pulled my report and it was routinely 40-50 points higher than the company was telling me. Really? So, turns out, my wife pays off her credit cards to a zero balance every month. But, according to this company, the credit bureau told them to tell us to leave exactly a $50 balance on the credit card.

    So, I had to send my wife shopping, use her credit card, then after the charge hit, make a payment to leave EXACTLY a $50 balance on the card!! There goes another week. Really? Totally disgusted and exasperated. Do I hate them? No. They're just human, and I read reviews prior to electing to go with them. And, it seems they've closed a lot of loans for people who were very happy with the service. I'm just not one of them. It seems there were just a pile of circumstances (on both sides) and personal communications habits (on their side) that conspired to make this a nightmarish event. So, what did I do? While waiting for the additional 30 days to elapse, I contacted Quicken Loans, got closed in just a tad over 30 days, and had the best experience anyone could ever have refinancing their home. If you've read this far, know that I suggest Quicken for all your financing needs (if they offer the type of financing you need).

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    Transparency

    Reviewed Nov. 15, 2016

    They made it easy for people with a low to medium income can and will have different options as well as seeing what people can do to make it better. I think they have options for everyone. I think the resources are top to none because of how you know how to use them. They are everywhere which will make it something easier for everyone. To me I do not think they can make it something easier because of how they explain every detail to you. Also how they make it for people to understands as well. I thought it is the one area where they can make it change, where you can understand what people are saying. I want to be treated with respect.

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    New American Funding
    Response from New American Funding

    We are pleased to know you had a great loan experience with New American Funding. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Customer ServiceOnline & AppStaffRates

    Reviewed Nov. 14, 2016

    They have several options that are affordable and user friendly. They offer great customer service and are a great help. I would recommend them to anybody looking to refinance. Their rates are very competitive. The resources are very competitive and user friendly. The customer service is more than friendly and acceptable and will answer all your questions. The site is very user friendly. I'd almost say even a elementary school kid can figure out how to use it. I would recommend and the service is awesome. I would compare the customer service to Disney World, They are just the best at "Hello sir/ma'am how can we help you today?" They really do a great job at helping and dealing with customers.

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    New American Funding
    Response from New American Funding

    We are pleased to know you had a great loan experience with New American Funding. Should you require any further assistance, please let us know. Respectfully, Customer Service Management

    Customer ServiceStaffEase of UseLoan Process

    Reviewed Nov. 4, 2016

    Very good options of refinancing that's why I picked it compared to all the other companies. It is very helpful to others because it fits everyone - they have a plan for everyone. There are a lot of different resources for everyone to choose from and I can promise you they will have a plan just right for you. I very much recommend it and give them 5 stars at that. This company and website among all other things is very easy to use in my opinion and I would say most people would be able to use this at ease - it's not complicated. I recommend the customer service here. It is really great. I never had any problems with it. They are very helpful.

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    New American Funding
    Response from New American Funding

    Thank you so much for taking the time to leave us feedback. Should you require any further assistance, please feel free to contact us directly. Respectfully, Customer Service Management

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    New American Funding Company Information

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