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New American Funding Review

Direct lender with good selection of loan products

Reviews 404
New American Funding
NMLS #6606
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New American Funding
New American Funding
Reviews 404
Sarah Pritzker
Sep. 30, 2021
3 min read
Sarah Pritzker
New American Funding Summary
New American Funding is an independent, family-owned lender headquartered in Orange County, California. Since its founding in 2003, it has issued more than $22 billion worth of home loans to buyers from around the country.


  • Offers full suite of mortgage products
  • Physical locations in 31 states
  • Bilingual customer support in English and Spanish


  • Not available in New York State
  • No rates without entering contact details
  • Must speak to loan officer to get the link to online application

New American Funding New American Funding Visit New American


New American Funding operates 200+ physical locations in 31 states and offers its online service to the rest (except for New York and Hawaii). It offers a large suite of mortgage products, including conventional fixed-rate and adjustable home loans, as well as government-backed FHA and VA loans.

Suitable For?

New American Funding caters to all types of borrowers, but where it really stands out is with its assistance to first-time buyers and the Latino community. Its agents speak English and Spanish. More broadly, it is also active in addressing challenges Hispanic people face in achieving home ownership. New American has programs to help first time buyers and works with state down-payment assistance programs in the following states: Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Maryland, Missouri, Nevada, Texas, Utah, Washington, and Wisconsin.

Loan Features

Loan types include:

New American Funding offers: conventional fixed-rate, adjustable-rate, and jumbo loans; government-backed FHA, VA, and HARP loans; special home-improvement and interest-only loans; and cash-out refinances and reverse mortgages.

Features include:

  • Option of paying only interest each month for a fixed introductory term of up to 5-10 years. This gives the borrower the flexibility of being able to pay toward the principal loan amount at a time of their choosing rather than being obligated to pay a fixed monthly amount. 

  • Cash-out refinance and reverse mortgage both offer ways to tap into home equity to get cash. A reverse mortgage is a special government-backed program for borrowers aged 62 or older. A cash-out refi involves retiring your existing mortgage and taking out a new one for an amount larger than you currently owe. The excess between your old loan’s outstanding balance and new balance is paid to the borrower in cash.

The Application Process

Interested borrowers can begin a loan application by requesting an online quote or contacting New American Funding by phone, email, or at one of its locations. Borrowers can get prequalified online but must be approved by a loan agent to get access to the online application. Home loans close in an average time of less than 30 days.

New American Funding’s process involves 5 steps:

  • Pre-approval, in which the borrower provides documentation on income, assets, expenses, and credit. A loan officer then decides if the borrower can be approved for a specific loan amount.

  • An official offer is sent to the borrower, detailing purchase price, down payment, loan amount, deposit, and terms and conditions.

  • The borrower hands over a deposit or opening escrow.

  • The application moves to the underwriter, who reviews the file and decides whether to give a final stamp approval.

  • New American wires the funds.

Rates and Terms – The Bare Basics 

Loan amounts range from small mortgages to super jumbo loans. The minimum down payment varies depending on type of loan. Government-backed programs such as FHA and VA loans offer lower down payments, as well as loans for first-time home buyers who recieve special assistance.

Borrowers must:

  • Be aged 18 or more.

  • Be U.S. citizens or permanent residents.

  • Have good credit for a conventional loan, or fair credit for some government-backed loans.

Repayment Terms

New American doesn’t reveal any rates on its website. To find out what rate you prequalify for, borrowers may request a rate online or speak to a loan agent in person, by phone, or by email.

Loan lengths vary from 15-30 years for fixed-rate loans, to 5-10 years for adjustable-rate mortgages.

Help & Support

The Better Business Bureau gives New American Funding an A+ rating for the overwhelmingly positive feedback it has received from customers. 

Loan agents can be contacted by the following methods:

  • Toll-free number

  • Email

  • At any of the 200+ branches in 31 states


New American Funding offers a full suite of conventional and government-backed mortgages, with extra support for:

  • First-time buyers

  • Minorities

  • Retirees

  • High-net worth buyers. 

It started out as a family business and has stayed true to its roots, maintaining its independence and prioritizing a high level of customer service. Customers can apply for and manage their loans online, by phone, or in person, for maximum convenience and flexibility.

New American Funding New American Funding Visit New American

Physical Address

Broker Solutions, Inc. DBA New American Funding

14511 Myford Road, Suite 100 

Tustin, CA 92780

New American Funding New American Funding View Rates

Sarah Pritzker
Written by
Sarah Pritzker
Sarah Pritzker is a content writer with years of experience and a keen interest in the vast world of online consumer products. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

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Trustpilot reviews
See what some customers are saying about New American Funding
Excellent • Reviews 404
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Jimmie Garrett
6 days ago
Nick & Rachel are amazing
Nick & Rachel are amazing. Knowledgeable and professional in every way. They made the process very easy. Closed in 30 days better terms than quoted in beginning. Very accessible. I recommend them
Priyantha Perera
6 days ago
Dean and the New American Funding Team…
Dean and the New American Funding Team provided me with the process and helped me lower my monthly payment for the loan. Dean was on top of his game continually keeping me appeased with the process and where it stood in the grand scheme of things. He provided me with valuable feedback, options as well as acting as the liaison between me and the rest of the Mortgage process teams.
Fried Alexander
6 days ago
Outstanding service and attention to…
Outstanding service and attention to detail. Great bank
Randi Aubry
7 days ago
Great experience
Bryan and Crystal is what made this experience great! They were so responsive and worked hard to get my closing done! They answered and explained every question that I had.
Nichole Dunn
1 week ago
I had been working for months trying to…
I had been working for months trying to get a loan for my house with another place and new American gave me a call and changed everything, they were beyond helpful answering all my questions as this was my first time buying a house. They were amazing and so helpful. Kat was always there if I had a question or a concern. I’ll definitely be recommending them to others. They made it so easy.