New American Funding – Mortgage Lender Review

Overall Satisfaction

Founded in 2003 by Rick and Patty Arvielo in Orange County, California, New American Funding has grown to be an $11 billion lender with a national profile.

New American Funding is among the very few national mortgage lenders that can claim to be family-owned. New American has grown into a top-30 national lender, based on last year’s origination volume. That puts it in the company of large regional banks, national credit unions and other major mortgage lenders.

#3 for Mortgage

Most Flexible

  • One of America’s top mortgage lenders
  • Closes purchase loans in 14 business days
  • Flexible underwriting, down payment assistance
  • $26 billion in home loans
  • Over 43K positive reviews

Best Features

New American Funding is a solid choice for your mortgage needs due to their extensive loan offerings and outstanding customer service. Homeowners looking for virtually any type of home mortgage are bound to find an option well suited to their individual needs, coupled with professional, efficient service. New American Funding evaluates non-traditional credit criteria, so those with poor credit or large debt-to-income ratios may find NAF to be the perfect lender for them.

For home buyers, NAF prides itself in being able to fund and close loans quickly. It many instances, we’ve seen them close purchase loans inside of 14 days.


Depending on your credit profile, debt-to-income ratio NAF should be able to fit you into any of their dizzying array of mortgage products.  However, they not have the best rates for those with perfect credit. If you fall into this category, be sure to get quotes from several lenders.

Best for People Who

Though New American Funding can handle borrowers with perfect credit scores, NAF is ideal for those who have nontraditional credit. New American Funding offers FHA and VA loans, works with down payment assistance programs, and seeks borrowers whose credit histories don’t fit the mold of traditional banking.


  • One of America’s Top Mortgage Lender – Rated A+ by the BBB
  • Closes Purchase Loans in 14 Business Days
  • Personalized Service, Extensive Homebuyer Resources
  • Conventional, FHA, Cash Out, Fixed, ARM, VA, HARP, Jumbo, Reverse
  • Flexible Underwriting, Down Payment Assistance Available
  • $26 Billion in Home Loans with Over 43K Positive Reviews

Lender Performance

Interest Rates
Closing Costs
Loan Offerings
Application / Approval Process
Loan Closing
Problem Resolution

Customer Reviews

My experience with New American Funding was the best! Kate Redman was on point with everything during my loan process. Not one day pass by with me not knowing anything,Kate and her team made sure of that! Everything was on point,I was truly impressed with how fast and easy the whole process was.If you are looking for a loan company when shopping for your house,I recommend New American Funding. Thanks to Kate Redman and her team for a job well done in my loan process.

Monica H.Homeowner

James went above and beyond what is expected of a loan officer. I had so many questions throughout the process and he was always willing to take extra time to advise and guide me on the best possible loan option for my situation. He went out of his way to get me qualified for the Mortgage Credit Certificate program. Qualifying for the MCC program was a huge help for me financially and made it possible for me to purchase the home of my dreams. I would not be a homeowner without him!

Carolyn G.Homeowner

It was a great experience from start to finish. They were professional and knowledgeable with everything. They gave clear and concise information. And set up proper expectations on what to expect next. They also walked us every step of the way. Definitely recommend working with them. Thanks for everything Joe.

Victor T.Homebuyer

New American Funding - Overall

One of America’s top mortgage lenders. Rated A+ by the BBB. Extensive mortgage products including conventional, FHA, Cash-Out, Fixed, ARM, VA, HARP, Jumbo. $26 billion in home loans with over 43K positive reviews.