Refinancerate
Lender Reviews/New American Funding

New American Funding Review 2026

4/5.0

New American Funding is a mortgage lender known for fast closings and flexible loan options. Their 14-day closing guarantee appeals to buyers in competitive markets who need to close quickly.

Best For
Fast closings and low-down-payment loans
Min Credit Score
580
Min Down Payment
0%
Customer Rating
3.5/5.0

Pros & Cons

Pros
  • Guaranteed 14-business-day closing on many loans
  • Low- and no-down-payment options
  • Excellent Trustpilot rating
  • Strong BBB accreditation
  • Wide variety of loan products
Cons
  • Slightly below industry average in J.D. Power satisfaction
  • Must submit info to see rates
  • Customer service experiences vary
  • Less name recognition than larger competitors

New American Funding Rates & Fees

Rates are competitive and typically near market averages. Fast closing doesn't mean higher rates — NAF maintains competitive pricing.

Fees: Closing costs are standard for the industry. Origination fees vary by loan type and borrower situation. Total costs are moderate.

Loan Types Offered

ConventionalFHAVAUSDAJumboRefinance

Application Process

Online or in-person application available. Fast underwriting and processing. 14-day closing timeline available on qualifying loans. Strong focus on speed.

Customer Service

3.5/5.0

Our customer service rating is based on J.D. Power scores, BBB ratings, Trustpilot reviews, and consumer complaint data. New American Funding scores below the industry average for customer satisfaction.

💼 Broker's Perspective

NAF's 14-day closing guarantee is impressive for a retail lender, but many brokers can also deliver fast closings through wholesale partners. Speed is important, but make sure you're also getting the best rate and service. Compare broker quotes before committing.

— Bill McCoy, Licensed Mortgage Broker (CA DRE #01957425, NMLS #335429)

Who New American Funding Is Best For

New American Funding is ideal for fast closings and low-down-payment loans.

Consider this lender if you:

  • Guaranteed 14-business-day closing on many loans
  • Low- and no-down-payment options
  • Excellent Trustpilot rating

Frequently Asked Questions

What are New American Funding's current mortgage rates?

Rates are competitive and typically near market averages. Fast closing doesn't mean higher rates — NAF maintains competitive pricing.

What fees does New American Funding charge?

Closing costs are standard for the industry. Origination fees vary by loan type and borrower situation. Total costs are moderate.

What is the minimum credit score for New American Funding?

New American Funding requires a minimum credit score of 580. However, qualifying for the best rates typically requires a score of 740 or higher.

How long does it take to close with New American Funding?

Online or in-person application available. Fast underwriting and processing. 14-day closing timeline available on qualifying loans. Strong focus on speed.

Is New American Funding a good lender?

New American Funding has a 4/5.0 rating based on our analysis of customer service scores, rates, fees, and loan options. They are best for fast closings and low-down-payment loans.

Want to Compare? Get Quotes from Multiple Lenders

Don't settle for the first offer. Compare rates from New American Funding and other top lenders to ensure you're getting the best deal on your mortgage or refinance.