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New American Funding | 2024 Review

New American Funding is a recognized mortgage lender known for its wide range of home loan products and personalized service. By offering online-first solutions with a human touch, the company aims to provide a modern yet personalized home loan experience.


Who is New American Funding Best for?

New American Funding is best suited for first-time or repeat borrowers searching for mortgage, refinance, or home equity loans who appreciate a blend of technology and personal service.

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New American Funding, NMLS ID #6606


Pros and Cons

+   Dedicate loan officers available via phone

+   Efficient online process

+   'A' BBB Rating

-   Not an online marketplace; access to rates exclusively from New American Funding

-   Limited face-to-face support

What Loans Does New American Funding Offer?

New American Funding offers a comprehensive suite of home loan products:

  • Standard mortgage options with fixed or adjustable rates
  • FHA, jumbo, and VA loans
  • Cash-out HELOCs
  • Mortgage refinancing

What is the Application Process Like with New American Funding?

  1. Pre-Approval
    • Complete an online pre-approval form with basic financial information for an initial assessment
  2. Documentation
    • Provide necessary documents (proof of income, employment verification) and upload them through the online portal
  3. Loan Processing
    • Loan officers review your application and underwriters evaluate your financial profile
  4. Approval and Closing
    • If approved, you’ll receive an estimate, finalize terms and sign closing documents

What Do I Need to Apply Online?

When applying for a mortgage with AmeriSave online, you can expect to receive expert support from start to finish. The application process is quick and simple. You will need this information on hand:

  • Personal Identification (Government-issued ID, Social Security number)
  • Financial Information (recent pay stubs, bank statements, tax returns)
  • Employment Details (employer contact, employment history)
  • Consent for a credit check

Credible Highlights

  • Expert Curation – Personalized loan options to fit diverse financial needs
  • Efficient Communication – A mix of online tools and direct contact ensures a streamlined process
  • Easy-to-Use Platform – An intuitive online platform for application tracking and document management

The Bottom Line

New American Funding stands out for its wide range of loan products and dedication to personalized service, making the platform a strong contender for those seeking a reliable and customer-focused mortgage and home equity lender.

Visit New American Funding ➜

New American Funding, NMLS ID #6606


Not ready to commit? Find more mortgage lenders with great loan variety, competitive rates, and solid customer support. View 2024 mortgage lender comparisons here.

Frequently Asked Questions (FAQ)

A mortgage loan is used to purchase a home or real estate property. It involves an agreement where the borrower repays the loan, usually over 15 to 30 years, while the lender holds the property as collateral.
If you're facing challenges with your mortgage payments, there are options to explore. You can contact your lender to discuss assistance programs like forbearance and loan modification. Additionally, you can refinance for more suitable terms and potentially secure lower rates.
Selecting the right mortgage lender is crucial. To make an informed choice, shop around and compare rates and terms from different lenders. Check the lender's reputation through online reviews and organizations. Don't hesitate to ask questions about the loan process and fees, and consider getting pre-approved for added advantages.
Refinancing allows you to replace your existing mortgage with one that may have better terms, such as a lower interest rate or shorter loan term. It can help reduce monthly payments and save on interest. Leveraging home equity offers opportunities to access funds for various purposes, including home improvements, debt consolidation, or investments.