NewDay USA Reviews

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About NewDay USA

For more than 20 years, NewDay USA has provided VA-guaranteed home loans and refinancing options to residents of 43 states. The company prioritizes relationships with veterans and their families and strives to create a positive financial experience with each customer.

Pros
  • Flexible loan terms
  • Offers refinancing services
  • Connects veterans with mortgage experts
Cons
  • No online applications
  • Not available in all states

Featured Reviews

Gallatin, TN
Verified purchase
I want to commend New Day for providing a most wonderful refinance experience for me during our process together. Cole ** was extremely helpful and professional. During the proces...

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Ocala, FL
Verified purchase
Ms. Tayler Reno ** is the Account Manager who assisted me throughout this process. She was very professional and knowledgeable, I'm completely satisfied with the help she provided...

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What is NewDay USA?

NewDay USA focuses on two primary aspects of the mortgage process: purchasing and refinancing. It works with veterans and their families to make buying a home easy and affordable. NewDay USA offers step-by-step guides to help you understand all your lending and refinancing options.

NewDay USA refinancing

Financing your home can help you lower your mortgage payment, pay off your loan faster or eliminate the need for mortgage insurance.

The VA Streamline Loan is a popular option because it does not require income verification and does not come with appraisal costs, out of pocket costs or private mortgage insurance. With this option, many veterans and their families can save more than $1,800 a year.

The company’s refinance calculator helps estimate your principal or monthly payments. This easy-to-use feature lets you determine how much you can save by refinancing your mortgage.

NewDay USA homebuying

NewDay USA strives to help veterans become homeowners and works to find ways for veterans and their families to afford purchasing a new home.

Veterans can become cash buyer-certified through NewDay USA. This certification confirms that you’re an eligible buyer and lets you shop for new homes without worrying about being underqualified, which saves time in the homebuying process.

The company’s purchase price calculator helps you determine a home price in your budget, down payment amounts, loan terms and interest rates. NewDay USA connects veterans with mortgage experts to further narrow their options.

NewDay USA rates

Mortgage rates change frequently, so it’s a good idea to compare rates between multiple companies before signing any contracts. VA loan rates are not set by the Department of Veterans Affairs or the federal government.

When a veteran, service member or surviving spouse receives a VA-backed loan, they’re charged a one-time VA funding fee that ranges from 1.4% to 3.6%. This keeps the costs of loans low for all borrowers. The fee varies based on the type of loan you require, your payment terms and whether you’ve received a VA loan before.

Veterans can borrow up to $453,100 without the need for a down payment.

NewDay USA FAQ

Is NewDay USA only for veterans?

Yes. NewDay USA provides options for veterans, service members and military families.

What does NewDay USA do?

NewDay USA provides VA Loans and FHA loans for veterans. The company connects veterans with mortgage experts for a personalized mortgage experience.

Who is eligible for a VA loan?

According to the company’s website, you are eligible for a VA loan if you are:

  • An active-duty service member
  • A veteran with an honorable discharge
  • A reservist or National Guard member with an honorable discharge and sufficient time served
  • The surviving spouse of an eligible deceased veteran
  • The spouse of an MIA/POW service member
Can a spouse of a veteran apply for a VA loan?

Yes. A spouse of a veteran can apply for a VA loan if they are:

  • A non-remarried surviving spouse of a veteran or service member who died in service or from a service-related disability
  • A spouse of a service member who is missing in action or a prisoner of war for the last 90 days
  • A surviving spouse of a veteran who was rated totally disabled and was eligible for disability compensation at the time of death from any cause

Is NewDay USA legit?

NewDay USA has a specific audience. The company provides VA loans and FHA loans, but it does not serve all states. For those who are eligible, NewDay USA offers personalized service and multiple options for purchasing or refinancing a home. If you’re a veteran or qualifying spouse, we recommend looking into NewDay USA’s services when comparing mortgage lenders.

NewDay USA Reviews

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    How do I know I can trust these reviews about NewDay USA (NMLS #1043)?
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    2 featured reviews
    How do I know I can trust these reviews about NewDay USA (NMLS #1043)?
    • 4,860,171 reviews on ConsumerAffairs are verified.
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    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 5
    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Feb. 3, 2026

    The overall process was thorough and done in a timely manner. (approx. 60 days from application to checks issued). Throughout the process, system-generated emails were very redundant. This created confusion on what needed signed or returned. Being on the conservative side, we found this very wasteful of paper. Ben **, the rep. was always available when we had questions or concerns. Very easy to work with. The WFG Lender Services would not be our first pick for the closing agent. Some communication issues between what we were told by Ben and what actually took place with regards to the pay-offs. Only one loan was wired pay-off and the remaining pay-offs were in the form of checks that we had to deal with.

    At the closing, when the Notary came and showed up, none of the numbers were what we had been told. The actual total loan amount had been increased by over $3,700. We would suggest sending the papers electronically to the borrower at least 24 hrs. in advance to avoid a big surprise. Not enough to cancel the process, but we had to phone Ben for clarity. Most closings would not continue at that point. The amounts on the paperwork did not match any amount that we had been shown for two property loans. The checks we received did not match anything for those two pay-offs. Overall, we are pleased with the end results and would recommend your company to our friends/family.

    Thanks for your vote!
    NewDay USA
    Response from NewDay USA

    It was our team's pleasure to be of assistance during your home loan process. Thank you for sharing your feedback, both positive and constructive. This will help us identify areas for improvements. Ben will be reaching out to you to make sure he addresses any open questions. If you have any questions in the interim time, please feel free to contact us at customerservice@newdayusa.com.

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      Verified purchase
      Customer ServiceRefunds & PayoutsStaffLoan ProcessRatesTransparency

      Reviewed Oct. 25, 2025

      I would like to give special thanks to Admiral Lynch for having a great financial organization like New Day to help veterans with their financial needs. As a retired Army veteran, I had accumulated debt on several high-interest rate credit cards after owning my home for over five years. Initially, my wife and I thought about selling the house and using the equity to pay off our credit cards. However, after speaking with a New Day representative over the phone. He offered me a way to not only refinance my home, but to pay-off high interest credit cards for me and my wife, while receiving a cash payout to complete upgrades to my home, to include possibly using a portion of the cash to take a vacation. I am very grateful for New Day and their professional staff. My financial agent Nolen ** was wonderful; he provided clear explanations of the loan process and us through the entire process. He and his team were always available to answer our questions.

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      Thank you sharing the wonderful experience you had with Nolan during your refinancing process. We always strive to represent the Admiral with outstanding professionalism, and we are so glad to hear that we were able to make a difference for you and your wife.

      Verified purchase
      Punctuality & SpeedStaffLoan Process

      Reviewed Oct. 22, 2025

      Outstanding service from our loan officer (Ryan). He was very knowledgeable, professional and personable. He gives his all to whomever he's working with. There was never a time that we didn't know what was going on, even during the down times when certain things in the process had to be verified, he would always check in just to let us know what was happening and what would take place next. He allowed us to process/submit paperwork and scheduled meetings at times that was convenient for my wife and I. If NewDay gives out bonuses or gift cards for outstanding service Ryan should definitely receive one.

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      It is our goal to make sure our customers are informed throughout their loan process. Ryan always makes our customers his top priority it is wonderful to hear that he was able to go above and beyond to provide an excellent experience! Thank you for taking the time to leave a review, your positive feedback is greatly appreciated.

      Verified purchase
      StaffBillingLoan ProcessRates

      Reviewed Aug. 4, 2025

      The overall experience was great. Professional service all the way to closing. My loan specialist kept me well informed throughout the application and approval. The closing process was very easy and convenient. I will recommend New Day USA to all my veteran friends and family. New Day USA was able to secure a loan that used 100% of my available equity in my property. I was able to pay off all of my high interest rate Credit cards and loans. I even had cash for needed home improvements. Refinancing with New Day USA got us out of debt with extra cash each month that allows us to pay extra towards the principal on our new loan. I can say that this was the best financial decision for my wife and I. No regrets. Thank you!

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      Thank you for sharing your amazing experience with your loan specialist and the rest of our team here at NewDay. We're delighted we were able to provide you and your family with a home loan solution that assisted you in completing your financial goals!

      Verified purchase
      Customer ServiceStaff

      Reviewed Aug. 4, 2025

      My wife and I just recently went through substantial renovations and I wanted a way to reduce the burden of paying so many folks through the month. Seeing the Admiral on t.v. and being a retiree, I decided to call in for details. Ryan K. picked up and things went from there. If others on the staff are are as professional as Ryan, everyone who calls in to New Day will have an experience as wonderful as ours. Ryan displayed professionalism, understanding, knowledge base to explain and explain so others understand financial complexities, thoroughness, responsiveness to messages.... he just made this process super painless. Thank you!!!!!

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      We are overjoyed that you had a professional experience during your home loan process with Ryan. He always makes our customers his top priority and it is wonderful that he helped you and your wife achieve your goals with your refinance!!

      Verified purchase
      StaffLoan ProcessTransparency

      Reviewed April 3, 2026

      Thank you so much Kyle for taking care of us during our journey of purchasing our new home in Las Vegas. Kyle kept us up to date on everything weekly as the loan progressed. We, being a little older than some… Kyle was always so patient and kind when it involved computer knowledge and walked us through it. It’s been a pleasure. John & Bonnie **.

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      We are delighted that Kyle provided you with a professional and efficient experience. Congrats on your new home!

      Profile pic of the author.
      Sales & MarketingStaffBillingLoan Process

      Reviewed March 30, 2026

      This company advertises as a veteran loan financing bank. They also advertise that they specialize in processing loans for veterans with no so positive credit records. When my son tried to get a new home loan, there was a scar on his record from a car payment that was missed. Not only did they turn him down for a home loan, but they said come back and try again in 3 months. Upon retrying in 3 months, whomever he got that time said come back and try again in 12 months. He's trying to get a home loan to get him and his family out of living in an RV and NewDay definitely didn't live up to the expectations based on their advertising as being veteran friendly and serving the veteran community. Very disappointed.

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      We strive to assist the Veteran community with their home loan goals but also acknowledge that we must do so within the framework of the program guidelines. When extending credit to a borrower, we consider multiple factors related to the home, income, and financial history. We deeply regret that we were not able to offer financing for your son at this time.

      Verified purchase
      StaffTransparency

      Reviewed March 21, 2026

      NewDay has always been great. The representative was in constant contact on a weekly basis, continually letting us know how things were going and updated us constantly. I would highly recommend New Day to any veteran with a positive message. Thank you!

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      Thank you for the 5-star review! Glad to hear that everything went well. We appreciate the recommendation.

      Verified purchase
      StaffLoan ProcessRates

      Reviewed March 20, 2026

      I reached out to NewDay USA about my interest in getting a refinance loan for my home. An agent contacted me. He answered all my questions about refinancing my home and discussed options that were available to me. Once I made my decision to move forward, he became my main contact through the entire process. It was a very efficient and seamless process. If you are a veteran and are looking for a home loan or refi. I highly recommend NewDay USA.

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      We are thrilled to know you had a positive experience with your account executive. hank you for sharing and for the recommendation!

      Verified purchase
      Punctuality & SpeedStaffTransparency

      Reviewed March 2, 2026

      NewDay was amazing to work with. Julian stayed in touch with us and kept us up to date on everything that was going on. It was all handled quickly and closed way faster than we thought it would. Will recommend to anyone looking to refinance.

      Thanks for your vote!
      NewDay USA
      Response from NewDay USA

      Our goal is to make sure our customers are informed throughout their loan process, and based on your review our team did just that! We're glad to hear we were able to provide you with such exceptional service. Thank you for your review and recommendations. We appreciate it!

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      NewDay USA Company Information

      Social media:
      Company Name:
      NewDay USA (NMLS #1043)
      Year Founded:
      2002
      Address:
      360 South Rosemary Avenue Ste. 1900
      City:
      West Palm Beach
      State/Province:
      FL
      Postal Code:
      33401
      Country:
      United States
      Website:
      newdayusa.com

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