NewDay USA

NewDay USA Reviews

NewDay USA Reviews
4.4(1,924)

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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 veterans
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 veterans 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

    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)?
    • 4,520,418 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 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.

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      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
      Price

      Reviewed Oct. 28, 2023

      This company is really for Veterans and not just saying it to get a bunch of secured VA loans. They work with you and pay for your appraisal and termite inspections (if needed). They are willing to allow you to borrow up to the total value of your house where other companies only allow 90%. They provide upfront information on the loan and ways with the freed-up disposal cash in which you can pay you mortgage off faster. Not to mention they keep you in the know when interest rates decline and will reach out to you when it is beneficial if you choose to refinance at a lower rate. Second time homeowner and by far the best experience in dealing with a VA lender. I don't see me ever switching lenders.

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      NewDay USA
      Response from NewDay USA

      Wow, your review just made our day. Thank you so much for providing all of this excellent feedback on your experience with Colten. We're proud of our team for being able to have such a lasting impact on your refinance process and are glad to be the best VA lender you've dealt with thus far.

      Verified purchase
      StaffProcess

      Reviewed Oct. 9, 2023

      The entire team was outstanding. Chris ** was absolutely the best. From the very start of the process to closing he was on top of things and kept us informed at every turn. Jake C. in the underwriting dept was also very professional and pleasant to work with. Buying a home is stressful anytime but New Day USA has made this last purchase a joy for my wife and me. We want to thank the entire team for all their hard work and will gladly recommend New Day USA to all of our veteran friends and family. Semper Fi.

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      NewDay USA
      Response from NewDay USA

      We're honored to have been a part of your home buying process and have the opportunity to make your purchase a joy instead of a stressful experience. Thank you so much for your kind words about our team and their efforts.

      Verified purchase
      StaffProcess

      Reviewed Sept. 7, 2024

      The process started out fine. After that it was shocking to find out that a survey was needed after all the paperwork on the property was sent to the loan officer. The legal description was accepted and approved through the city and county on a property split well over a year ago. It showed property lines and all the information regarding the two parcels. It costed us 2K to get this loan approved after our loan officer already accepted the first set of documents. After all the paper work was sent in it was difficult reaching Andrew ** to nail down a final closing date. The woman that did closing at our home was outstanding. She was polite and knew her job.

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      Verified purchase
      PriceStaff

      Reviewed Sept. 6, 2024

      New Day has always been great. So far I have no reason not to trust New Day. The employees that I have dealt with during re-fi's are top-notch, patient and professional. That is why I keep coming back. Ellis did an outstanding job with me this time. It's nice to have an option to do this helped pay off a bunch of bills. No hopefully the interest rates drop and I can get a lower payment at some point!!!

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      NewDay USA
      Response from NewDay USA

      Thank you for trusting us with your home loan transactions. We're proud of our team and are happy to hear that Ellis gave you outstanding service. We look forward to working with you again in the future.

      Verified purchase

      Reviewed Sept. 2, 2024

      NewDay USA is an excellent service for the Veterans. They were top notch to deal with. Made everything so easy to accomplish. Highly recommend them to any veteran. Applied for a refinance loan and was able to receive it. They even sent someone to our home to close. They lined up the home inspection, the termite inspection and the closing at our home.

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      Verified purchase
      Price

      Reviewed Aug. 27, 2024

      Credit card debt too high. Refinanced to get down outgoing money. We were contacted by NewDay about refinancing. Our home had increased in value and we could pay off high interest rate credit card debt. Use of cards due to high cost living. Due to Biden economics. The service supplied by NewDay as always was of the highest quality and first rate knowledge. Thank you.

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      NewDay USA
      Response from NewDay USA

      It's great to hear that we were able to aid your family with their home loan goals during such a volatile time. Thank you for trusting us and for highlighting the professionalism of our team.

      Verified purchase
      StaffProcess

      Reviewed Aug. 23, 2024

      This has been a really easy, comfortable, respectful and stress free experience. Cody ** was just great to work with. Everything went really, really smooth from the initial contact, inspection, appraisal and notary--excellent service. Assisting me as a veteran in getting my home refinanced in such an easy process, meant everything to me. Thank Cody and New Day so much for their excellent service.

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      NewDay USA
      Response from NewDay USA

      Thank you so much for taking the time to highlight your experience with Cody and our team. We're thrilled to hear that you had a smooth process and that you received excellent service from Cody. Please don't hesitate to reach out with any questions you may have on your new home loan.

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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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