SuperMoney
Explore
Visit Site

Want to learn more about New American Funding Home Equity Loans?

Visit New American Funding Home Equity Loans's website for more information.

Visit Site
x No thanks, not right now
Advertiser Disclosure
  New American Funding Home Equity Loans
Visit Site

New American Funding Home Equity Loans

in Home Equity Loans from New American Funding · NMLS ID #6606

Claimed Visit Site

New American Funding Home Equity Loans

Claimed

in Home Equity Loans from New American Funding · NMLS ID #6606

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

14 users recommend
0 users are unsure
0 users don't recommend
Browse Reviews: 14 Recommendations | 0 Complaints
Cast your vote

Would you recommend New American Funding Home Equity Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Change my vote
Highlights
Community Rating Strongly recommended
Loan Amount Starting at $25,000
APR  (Fixed APR) 3.5% - 18%
Loan Term (Years) 8 - 30 years
Number of Reviews 14

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 Tustin, CA. New American Funding Home Equity Loans is available in 48 states (and Washington, DC).

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 100%. That means the total debt secured by the property cannot exceed 100% 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 $80k.

What home equity loan rates does New American Funding Home Equity Loans offer?

New American Funding Home Equity Loans offers home equity loans with a fixed APR that ranges from 3.5% up to 18%.

Remember 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 and 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.

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.

Message From New American Funding Home Equity Loans

We are a company dedicated to the consumer experience from the first contact, through the process and as we service the loan.

Contact

Other Services by New American Funding

Icon for Mortgage

Home Purchase Mortgages

35
 
 

35 Reviews

Reverse Mortgages

Be the first to rate
Icon for Refinance

Mortgage Refinance

32
 
 

33 Reviews

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • 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
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $0
Cancellation Fee $0
No Prepayment Fee
Origination Fee ($) $995 - $1,629
Credit Score Range 580 - 800
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Maximum LTV 100%
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Recent Pay Stubs
  • Recent Bank Statements
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Funding Time Range 4 - 7 days
APR (Fixed APR) 3.5% - 18%
Loan Amount Starting at $25,000
Loan Term 8 - 30 years

New American Funding Home Equity Loans Community Reviews

 

Would you recommend New American Funding Home Equity Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Home Equity Loans

Rating not yet determined  

4 Reviews

Strongly recommended

6 Reviews

Rating not yet determined  

4 Reviews

View All
Browse Home Equity Loan Lenders
SuperMoney
Goals
Partner with us
SuperMoney
Goals
Partner with us
Go to homepage

NMLS Consumer Access ID #1520999

Copyright 2021 SuperMoney, LLC. All rights reserved.

SuperMoney Advertiser Disclosure

*SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us.

This content is not provided by any financial institution. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any financial institution.

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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.

We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

† To check the rates and terms you qualify for, one or more soft credit pulls will be done by SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.