Is New American Funding HELOC the right fit for you?

19 more

Last Updated: 09/08/2026

New American Funding HELOC

from New American Funding

Last Updated: 09/08/2026

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Strongly recommended29 total votes

20 users recommend

5 users are unsure

4 users don't recommend

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Highlights

Community Rating

Strongly recommended

Credit Score Range

Starting at 580

Amount Range

Starting at $50,000

Maximum LTV

80%

Minimum Draw

N/A

Loan Term (Years)

8 - 30

Number of Reviews

New American Funding HELOC Review

New American Funding HELOC is offered by New American Funding (NMLS #6606), a direct lender founded in 2003 and based in Santa Ana, CA. New American Funding HELOC are available in 48 states and Washington, DC.

Key Takeaways

Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for New American Funding HELOC.
Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Maximum LTV. New American Funding HELOC has a maximum loan to value ratio of 80%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for New American Funding HELOC.

New American Funding HELOC Pros & Cons

Pros

Cons

No prepayment penalty.
Considers applicants with fair credit.
Available in 48 states.

Charges an origination fee.

New American Funding HELOC FAQ

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does New American Funding HELOC charge for a HELOC?

New American Funding HELOC may charge an origination fee.

What types of property can you use as security for a HELOC with New American Funding HELOC?

New American Funding may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1 MacArthur Place

Suite 800

Santa Ana, CA 92707

(800) 890-1057

Visit Site

Email Support

Hours of Operation

SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed

Other Services by New American Funding

19 Reviews

46 Reviews

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46 Reviews

Availability

Available in 48 states and Washington, D.C.

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +55, or 4.1 on a 5-point rating scale.

+55

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Reviewer Sentiment Over Time

New American Funding HELOC Community Reviews

Would you recommend New American Funding HELOC to your friends?

Gloria V.

Jun 17, 2026

Would Recommend

New American Funding made the HELOC process simple and stress-free. I appreciated that they consider borrowers with fair credit, and the team was responsive throughout the application process. The lack of a prepayment penalty is also a big advantage.

Amannda F.

Jun 17, 2026

May or may not recommend

The HELOC offers reasonable features and broad availability across many states. The application process was fairly standard, and while there were no major issues, the overall experience was about what I expected from a home equity lender.

Thaddeus V.

Jun 17, 2026

Would not Recommend

My experience was average at best. The origination fee added to the overall cost, and I felt the process required more follow-up than anticipated. The loan eventually closed, but it wasn't as smooth as I had hoped.

Emmanuel M.

Jun 10, 2026

Would Recommend

Getting a HELOC through New American Funding was a great experience. The staff was friendly, and they made the entire process simple and straightforward.

Samuel D.

May 31, 2026

May or may not recommend

Customer service was helpful when I had questions. The fees were reasonable, but I wish there were more details provided upfront.

Andrew H.

May 31, 2026

Would Recommend

I was able to qualify with a fair credit score, which was a huge plus. The funds were available when I needed them, and the experience was stress-free.

Tsunami M.

May 31, 2026

Would not Recommend

The approval process felt slower than advertised, and communication was inconsistent at times. While I eventually got approved, the experience was more frustrating than expected.

Wilson B.

May 31, 2026

May or may not recommend

The HELOC worked as expected, but the process took a little longer than I anticipated. Overall, it was a decent experience.

Fredrick M.

May 31, 2026

Would Recommend

The application process was smooth and easy to understand. The team was responsive and kept me updated throughout the process.

Mary B.

May 19, 2026

Would Recommend

I had a good experience overall. The online process was simple to follow, and I liked that they work with different property types. Rates were competitive compared to some other lenders I checked before applying.

Victoria A.

May 19, 2026

Would not Recommend

My experience was mixed because the fees ended up being higher than I anticipated. While the staff was professional, the overall closing process felt slower than promised and the final costs reduced the value of the loan for me.

Waters B.

May 19, 2026

Would Recommend

New American Funding gave me flexible options and I appreciated that there was no prepayment penalty. The approval steps were straightforward, and having access to a larger credit line really helped with consolidating some high-interest debt.

Joy I.

May 19, 2026

May or may not recommend

The HELOC worked as advertised, but the process took a bit longer than I initially expected. Communication was decent and the loan terms were fair, though the origination fee is something borrowers should pay attention to before signing.

Adams J.

May 19, 2026

Would Recommend

The application process was smoother than I expected. I liked that they considered fair credit scores, and the customer support team explained everything clearly. Funding moved quickly and I was able to use the HELOC for home upgrades without much stress.

Lydia H.

Jan 4, 2026

Would Recommend

The origination fee is a bit higher than what I saw at my local credit union, but you get what you pay for. The speed and the 5-minute approval made the fee worth it for me. Solid 4-star experience for those who value their time over the absolute lowest fee.

Arthur V.

Jan 4, 2026

Would Recommend

Most lenders won't touch an investment property for a HELOC, but New American Funding was happy to help. I used the equity from my rental to fund a new project. The process was professional and the staff actually understands the needs of real estate investors.

Clara M.

Jan 4, 2026

Would Recommend

I love that this HELOC has a fixed-rate option at origination. With rates jumping around so much, knowing exactly what my payment will be for the next several years is a huge weight off my shoulders. Great experience from start to finish.

Grant S.

Jan 4, 2026

Would Recommend

Great service and super fast funding. I’m giving 4 stars instead of 5 only because you have to take the full loan amount upfront. It worked for my big home renovation, but if you only need a little bit at a time, just be aware of that requirement.

Miriel P.

Jan 4, 2026

Would Recommend

I was blown away by how fast this moved. From the application to having funds in my account, it only took 6 days. The online notary made everything so convenient, I didn't even have to leave my house. If you need equity fast, NAF is the real deal.

Martha T.

Dec 27, 2025

May or may not recommend

New American Funding’s HELOC worked in the end, but the lack of a co-signer option limited flexibility. Some parts of the application felt more paperwork-heavy than necessary, and timelines weren’t clearly set upfront. It wasn’t a bad experience, just not as smooth as I hoped.

Showing 20 of 29 reviews