Where does New American Funding do business?

New American Funding is a direct lender based in Tustin, CA. The company was founded in 2003 and offers mortgage refinancing to borrowers in 48 statess across the USA (and Washington, DC).

What is the maximum loan term for a mortgage refinance via New American Funding?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. New American Funding offers mortgages refinancing with terms ranging from 15 to 30 years.

Does New American Funding charge a mortgage origination fee?

Yes, New American Funding may charge a loan origination fee.

Does New American Funding charge prepayment fees?

Yes, New American Funding charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does New American Funding offer?

New American Funding offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • FHA 203k
  • HARP
  • USDA
  • VA

What property usage types does New American Funding allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. New American Funding allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Rental properties
  • Inestment properties and house flipping projects 

  • Loan Term (Years)
    15 - 30
  • Institution Type
    Direct Lender
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Rental Property
    • Secondary Home
  • Loan Amount
    Up to $15000000
  • APR
    Starting at 3.936%
  • Terms
    5/1, 7/1, 10/1, 15, 30 years
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