Company Comparison Assistant

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

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9.1 Overall Score
4.9
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(618)
9.9 Overall Score
4.6
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(1,801)

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

20 Years

AmeriSave Mortgage

3%

620

FHA, VA, USDA

25 Days

20 Years

Ratings

New American Funding

Overall Score
9.1 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
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Company Trustworthiness
4.9
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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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4.6
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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