NewDay USA Reviews
Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.
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
- Flexible loan terms
- Offers refinancing services
- Connects veterans with mortgage experts
- No online applications
- Not available in all states
Featured Reviews
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...
Read full reviewMs. 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...
Read full reviewWhat 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
Filter by Rating
- (1,513)
- (130)
- (74)
- (68)
- (158)
Popular Mentions
- 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.
A link has directed you to this review. Its location on this page may change next time you visit.
- 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.
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