NewDay USA

NewDay USA Reviews

NewDay USA Reviews
4.4(1,944)

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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 & Cons

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

Featured Reviews

Verified
Gallatin, TN

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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Verified
Ocala, FL

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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Popular Mentions

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    2 featured reviews
    How do I know I can trust these reviews about NewDay USA (NMLS #1043)?
    • 4,568,520 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • 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 ServiceStaffProcess

    Reviewed Sept. 12, 2024

    They were very responsive, Dan with NewDay called us within five minutes of us clicking the "submit" button on their website to get a quote. Dan was extremely helpful, and professional during the entire process. By the time the process was finished, when we called him, it felt like we were calling a friend. During our initial call, Dan told us he would be our only point of contact, and this turned out to be true. Not only did NewDay refinance our mortgage, but Dan also explained their "three-year plan," which sounds fantastic, and we plan on doing it. We are so grateful for his expertise, and his patience, as he was always willing to work with us and explain complicated things so we could understand them, no matter how many times we didn't understand. Definitely recommend NewDay USA.

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    NewDay USA
    Response from NewDay USA

    Thank you for your kind words. We're thrilled to hear that your loan process with Dan went smoothly and that he was able to provide you with additional information to provide you and your family with a plan to capitalize on your new mortgage. If you have any questions regarding your new mortgage in the future, please don't hesitate to reach out.

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      Verified purchase
      Customer ServiceContract & TermsStaffProcess

      Reviewed Aug. 3, 2024

      I'm very happy with this program. My advisor/agent Dylan ** did an awesome job. His professionalism and thoroughness made me feel at ease. He made sure the terms and options were clearly understood. We had open communication about what documents and information were needed. I sent the stuff, Dylan did the work. He was very available and kept me in the loop every step of the way. He arranged all the inspections and appraisals. The closing was done at my house on a Saturday which kept me from having to miss any work, very convenient. The loan processed and the money was available the following Friday. Great experience, highly recommended.

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      Response from NewDay USA

      We're so glad to hear that you are satisfied with your loan program and with the experience you had with Dylan. Dylan is one of our best and is known for keeping his clients informed and on track throughout the loan process. We appreciate you recommending us and for leaving us a 5-star review.

      Verified purchase
      Customer ServiceStaff

      Reviewed July 17, 2024

      My NewDay USA loan experience was excellent, and I give all credit to my loan agent for helping me through a very difficult financial situation. If all of your agents were as professional, knowledgeable, courteous, kind, considerate and polite as Samuel Hakim **, your company would always get a five-star review! I was so fortunate to have Samuel as my agent and point of contact for my recent loan with NewDay USA. From the very first day to the very last, I was always kept up to date on my loan status. I was hospitalized at one point during the loan application process. When Samuel called with an update to the loan, he expressed genuine concern for my well-being. I do hope he is being recognized and appreciated by NewDay USA as one, if not possibly the best agent for your company.

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      NewDay USA
      Response from NewDay USA

      Wow, your review made our day! Sam truly is one of our best, and his passion to the service of our Veterans is evident through all of his interactions with both our employees and his borrowers. We're so glad to hear that you got to work together with him and that he was able to provide you with such a positive loan experience while you were going through some challenges. Please do not hesitate to reach out to our team should you need any assistance at all.

      Verified purchase
      StaffProcess

      Reviewed June 24, 2024

      Our experience with NewDayUSA has been outstanding in every respect! The team of Sarah **, Mitchell **, Steven **, Morgan **, Destinee **, and Donna ** are all highly professional and extremely helpful. From our first contact to our smooth closing, we have been treated as respected and valued customers. We cannot imagine how the process could possibly have been better. We are eager to recommend NewDayUSA enthusiastically to other veterans. Thank you all! As we say in the Navy, Bravo Zulu!

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      Response from NewDay USA

      Wow, your review just made our day. Thank you for taking the time to shoutout our purchase team members who were able to assist you with your new home loan. We're so glad to hear that everything went well and appreciate your recommendation. Please do not hesitate to reach out should you have any questions regarding your new loan.

      Verified purchase
      Staff

      Reviewed Jan. 29, 2024

      My NewDay USA contact, Mr. Jeff R ** was very informative and kept me updated in each phrase of the Refinance/Cashout process. Mr. ** made everything he explained understandable to me and it all came to pass in a timely manner. From the VA Appraiser report, the termite inspection, to the closing paperwork, Mr. ** gave me heads up with the person name and date of contact. After all the inspections were done and reports turned in, and closing paperwork signed, in just a few days later the money was deposited in my account and about three days later the check was delivered by FedEX to me to pay off the primary loan. Thank you Mr. Jeff R. **.

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      NewDay USA
      Response from NewDay USA

      Thank you so much for sharing all of these wonderful remarks on your experience with Jeff. We're proud of Jeff and the care he takes when handling the accounts of our clients.

      Verified purchase
      Customer ServicePricePunctuality & SpeedStaff

      Reviewed Nov. 29, 2024

      I have had several VA loans in my 75yrs. This has been the most expensive I have ever experienced. Every week or so I have been requested to go thru another inspection and repair. We got a VA loan 5 years ago on this same house and did not go thru this much anguish and frustration and expense. We were told that we would wind up with $10K in the bank but only got a little over $4K. Plus the payoff in bills was supposed to be complete but several checks was less than actually less than owed an we did not charged on them. I have left messages for Blane ** and he is busy and have not gotten a call back yet. He usually calls back promptly.

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      Verified purchase
      Staff

      Reviewed Nov. 26, 2024

      New Day USA is a God Send! I especially want to thank Daniel Elliott **. Daniel was Professional, Respectful, Expeditious and Concise. He was personable and a Joy to work with. He would be an excellent trainer! We can't Thank New Day USA enough! No other organization would have afforded us the generosity you have.

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      Verified purchase
      Customer ServiceStaffProcess

      Reviewed Nov. 26, 2024

      Dr Sir. From my first call, your people have been above board with me and worked to make the process as painless as possible. Any veteran would be foolish to use any other loan service. I wish to thank you for making this service available to veterans and also wish to thank you for your service to our country. SSG. Shawn **.

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      Verified purchase
      Punctuality & SpeedStaffProcess

      Reviewed Nov. 2, 2024

      Great experience, fast and easy smooth process. Thank you to Brandon L. This guy is amazing and stayed in contact with us about every step that was taken. We are beyond happy with everything. We will stay with them forever. They know how to treat our Veterans and will always be there for any questions or concerns. Thank you to everyone involved!

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      Response from NewDay USA

      We are happy to hear the Brandon made the process easy and smooth. Out team strive to provide the highest level of service to our Veterans and we are pleased to hear that Brandon did exactly that. Thank you for sharing this feedback. We will make sure to share it with Brandon and the team.

      Verified purchase
      Customer ServiceStaff

      Reviewed Nov. 2, 2024

      We had a great experience with NewDay USA. Our loan officer Steven ** was on top of his game. Even our realtor gives him kudos for keeping her informed. We have no complaints of any kind. Steven called me almost everyday with an update and explained to me exactly what I needed to do to move the process forward. We stopped by our new (old) home in South Georgia today and thanked God for this new place to live. Thank you so much, sir.

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      Response from NewDay USA

      We are truly honored that you selected NewDay for your home purchase needs. It is always wonderful to hear that Steve provided excellent service and was on top of his game. Enjoy your new home!

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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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