New American Funding is a privately held mortgage banker in Tustin, California. It is a Fannie Mae, Freddie Mac, and Ginnie Mae direct lender, seller, and servicer. VA loans offered include cash-out refinance and IRRRL Streamline Refinance.
The lender provides these VA loan types:
Veterans may also qualify for a conventional loan or a different mortgage loan type.
New American Funding is a complete information hub for all things mortgage-related, including a mortgage payment calculator, affordability calculator, and refinance calculator. All variables are defined and explained in detail. Plus, prospective borrowers can view today’s mortgage rates according to loan type.
New American Funding helps self-employed would-be borrowers get qualified with non-traditional income verification with a Non-Qualified Mortgage (Non-QM) Loan. This unique verification system includes a one-year tax return, 6–12 months of bank statements, asset depletion income, and Profit and Loss statements.
Lender disclosures explain that some of the advertised loans on the New American Funding website are based on the payment of discount points or a lender-paid buy-down situation. So if you’re not using points, your rates will likely be higher than those advertised. Also, the payments shown do not include taxes or insurance, so your actual payments will be greater. To get an accurate quote for your VA loan, you’ll need to provide detailed information to the lender.