Is New American Funding Home Equity Loans the right fit for you?
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.
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
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
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SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
New American Funding Home Equity Loans Community Reviews
Would you recommend New American Funding Home Equity Loans to your friends?
LH
Leila H.
Jan 5, 2026
May or may not recommend
I didn't think I’d qualify with my credit score being in the low 600s, but they worked with me. They looked at my whole financial picture and got me a fair rate. Now I’m finally able to consolidate my high-interest cards into one manageable monthly payment. Truly a lifesaver!
MR
Mateo R.
Jan 4, 2026
May or may not recommend
Absolutely blown away by the timeline. From the moment I submitted my docs to seeing the funds in my account, it only took 5 business days. If you need cash quickly for an emergency or a time-sensitive project, this is the place to go. Most efficient experience I've ever had with a mortgage company.
EK
Elise K.
Jan 4, 2026
May or may not recommend
Solid 4-star experience. The team was very professional and the communication was top-notch. I'm giving 4 stars instead of 5 only because I wish the origination fee was slightly lower, but honestly, for the speed and 48-state availability, it was a fair trade-off for the convenience.
AT
Audrey T.
Jan 4, 2026
May or may not recommend
I was struggling to find a lender that would offer a home equity loan on an investment property, but New American Funding came through. The process was fast—I closed in less than a week! It’s rare to find a team that understands real estate investors so well. 10/10 service
U
Anonymous
Nov 29, 2023
May or may not recommend
Looks like Lowest points , able to make lower payment
FB
Felix B.
May 19, 2021
May or may not recommend
After struggling to get approved for a mortgage loan because of collections and low credit score. new american funding was able to help fix my credit and help me get the i loan i needed and into the home of my choice.The loan officer was very efficient and informative every step of the way. THANK YOU NEW AMERICAN FUNDING. (I consolidated a few credit card debts before hand to qualify, ...Show More
IJ
Icardi J.
May 18, 2021
May or may not recommend
Jason Jones, I met in July of 2016. He worked with me for 8 months reaching out on or twice a month and always sending me tips to help with my credit score, got me to sign up with Royalfinancialrescue, an excellent credit repair company that helped raise my score to mid 800s. He was a blessing for my family and the pitches of our new home. I called around ...Show More
SA
Samuel A.
Dec 23, 2020
May or may not recommend
Best Lender out There
Working with this lender has always been a delight, and I can say they are professional and know what they are doing. Things were a little bit slower than usual, but I can attribute it to the pandemic and hope things go back to usual. Overall, you would enjoy their services.
RJ
Robin J.
Jun 22, 2019
May or may not recommend
Everything in life is about the people you surround yourself with. New American funding figured this out, and her name is Christine McDowell. What an impressive display of competence, character, communication, and commitment. find this superstar at www.newamericanagent.com/christinemcdowell . She and her team are the reason I'm typing this from my beautiful home. what a great experience this has been, powered by people you pray you meet but seldom do.
Britney B.
Jun 19, 2019
May or may not recommend
Jeff and his team were absolutely amazing! They answered every question and addressed every concern that I may have had very fast. They were very friendly and were willing to go the extra mile to make sure I understood what was going on. I highly recommend Jeff and his team!
Dana C.
Jun 15, 2019
May or may not recommend
Jane and her team were Amazing!! She and her team went to great lengths to ensure my loan approval process went as smoothly as possible, while fighting to get me the best rate possible. Thanks Jane!!!!
Stephen T.
Jun 9, 2019
May or may not recommend
The staff at New American Funding was very friendly and helpful. I would definitely work with them again. :D
RT
Ryan T.
Jun 7, 2019
May or may not recommend
We felt like Tammie was dedicated to each step of the home buying process. She never missed a beat and was very thorough. We learned alot and the communication was perfect. Thank you!!!
Brohdy A.
Jun 6, 2019
May or may not recommend
Great experience and service all around . met our very short deadline as well!
SH
Sheila H.
Jun 6, 2019
May or may not recommend
An entire team of ppl are working for you with New American Funding.Service was great and each and every person was so nice.Very professional and hardworking. They get the job done.
CH
Chris H.
Jun 4, 2019
May or may not recommend
Rogner Park was so great to work with! He is incredibly knowledgeable and sincere and guided us through the process. We now own our dream home thanks in big part to him!
SS
Slade S.
Jun 3, 2019
May or may not recommend
Ty Kollar from New American Funding was an amazing lender to work with. He made our first purchase of a home extremely easy. Ty was always there to answer any questions, keep us updated through the process, and provide honest advice. I would recommend him to anyone that is looking for high quality service!
U
Anonymous
May 30, 2019
May or may not recommend
Jon was extremely helpful, trustworthy, and communicative every step of the way. We appreciated being able to work with him and his team and hope to be able to again in the future. I highly recommend working with Jon and New American funding if you are in need of a Home Loan! Thank you so much for everything!
Rob F.
May 28, 2019
May or may not recommend
The best lending experience I've had in 14 years as a Realtor.
Showing 19 of 19 reviews
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