Company Comparison Assistant

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7.7 Overall Score
4.9
star star star star star
(618)
View Profile
9.9 Overall Score
4.6
star star star star star_half
(2,081)
1-(877) 401-1722
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Overview

New American Funding

Minimum Down Payment

3%

Minimum Credit Score

620

Government-Insured Loan Types

FHA, VA, USDA

Average Time to Closing

30 Days

Time in Business

21 Years

AmeriSave Mortgage

3%

620

FHA, VA, USDA

25 Days

21 Years

Ratings

New American Funding

Overall Score
7.7 of 10
Review Score
4.9
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Value for Money
4.9
star star star star star
Quality of Product or Service
4.9
star star star star star
Company Trustworthiness
4.9
star star star star star
Likely to Recommend
9.7 of 10

AmeriSave Mortgage

9.9 of 10
4.6
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4.6
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4.6
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4.7
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8.7 of 10

Pros & Cons

New American Funding

PROS

  • Online mortgage process
  • On-time closing guarantee
  • Home equity loan options available
  • Mortgage payment assistance provided (if necessary)

CONS

  • Higher than average mortgage rates
  • Not licensed to lend in Hawaii

AmeriSave Mortgage

PROS

  • Online application process
  • Lower than average mortgage rates
  • Quick closing time (approximately 25 days or less)
  • Down payment assistance available

CONS

  • Not licensed to lend in New York
  • High origination fee
  • No home equity loan options

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