New American Funding Mortgage Refinance Review

New American Funding Mortgage Refinance is offered by New American Funding (NMLS #6606), a direct lender founded in 2003 and based in Tustin, CA. New American Funding Mortgage Refinance is available in 48 states (and Washington, DC).

• Mortgage programs available. New American Funding Mortgage Refinance refinances FHA, FHA 203k, HARP, HomePath, USDA, VA, jumbo, conforming, and conventional mortgages.
• Property type. Offers refinancing for both single and multi-family homes.
• Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with New American Funding Mortgage Refinance.
• Interest Rate Types. New American Funding Mortgage Refinance offers hybrid mortgages and fixed-rate mortgages.
• Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Fast process. In some cases you can refinance your mortgage loan within 1 business day.
• No origination fee. New American Funding Mortgage Refinance does not charge a fee for processing your loan application.
• Maximum DTI ratio. New American Funding Mortgage Refinance has a maximum debt-to-income ratio of 43%. Your DTI is calculated by dividing your monthly debts (including your proposed mortgage payment) by you monthly income and multiplying by 100.

What range of mortgage balances will New American Funding Mortgage Refinance refinance?

Mortgage refinancing loans start at $85,000 and go up to $3,000,000

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

The term of a mortgage refinance will impact 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 Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.

Does New American Funding Mortgage Refinance charge a mortgage origination fee?

No, New American Funding Mortgage Refinance does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.