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).

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.