Last Updated: 02/02/2026
New American Funding Home Equity Loans
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Last Updated: 02/02/2026
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 620
Amount Range
Starting at $50,000
Maximum LTV
80%
Loan Term (Years)
8 - 30
Number of Reviews
New American Funding Home Equity Loans Review
New American Funding Home Equity Loans is offered by New American Funding (NMLS #6606), a direct lender founded in 2003 and based in Austin, TX. New American Funding Home Equity Loans are available in 48 states and Washington, DC.
Key Takeaways
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Fast process. In some cases you can close on your home loan within 4 business days.
- Origination fees of $995 to $1,629.
- Maximum LTV. New American Funding Home Equity Loans has a maximum loan to value ratio of 80%.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for New American Funding Home Equity Loans.
- High maximum DTI ratio. New American Funding Home Equity Loans requires a debt-to-income ratio of less than 55%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.
New American Funding Home Equity Loans Pros & Cons
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New American Funding Home Equity Loans FAQ
What are the home equity loan requirements of New American Funding Home Equity Loans
This lender's maximum loan to value rate is 80%. That means the total debt secured by the property cannot exceed 80% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $60k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.
What is the estimated funding time for a home loan via New American Funding Home Equity Loans?
New American Funding Home Equity Loans will typically fund home equity loans within 4 to 7 days of approval.
What fees does New American Funding Home Equity Loans charge for a home equity loan?
New American Funding Home Equity Loans may charge a loan origination fee of $995 to $1,629.
What types of property can you use as security for a home equity loan with New American Funding Home Equity Loans?
Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. New American Funding Home Equity Loans will consider loans secured by the following property types:
- Primary home.
- Secondary homes and vacation properties.
- Investment properties and house flipping projects.
Is New American Funding a legit company?
New American Funding was founded in 2003, it is a well-established company that has been in business for 23 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
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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.
Message from New American Funding Home Equity Loans
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed