Company Comparison Assistant

Choose two Mortgage Lenders companies to compare or see the Featured Comparisons listed below.

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7.6 Overall Score
4.9
star star star star star
(618)
9.9 Overall Score
4.8
star star star star star
(2,359)

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

23 Years

AmeriSave Mortgage

3%

620

FHA, VA, USDA

25 Days

23 Years

Ratings

New American Funding

Overall Score
7.6 of 10
Review Score
4.9
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Value for Money
4.9
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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
4.8
star star star star star
4.6
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4.6
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4.7
star star star star star_half
8.7 of 10

Pros & Cons

New American Funding

PROS

  • doneOnline mortgage process
  • doneOn-time closing guarantee
  • doneHome equity loan options available
  • doneMortgage payment assistance provided (if necessary)

CONS

  • cancelHigher than average mortgage rates
  • cancelNot licensed to lend in Hawaii

AmeriSave Mortgage

PROS

  • doneOnline application process
  • doneLower than average mortgage rates
  • doneQuick closing time (approximately 25 days or less)
  • doneDown payment assistance available

CONS

  • cancelNot licensed to lend in New York
  • cancelHigh origination fee
  • cancelNo home equity loan options