# NEW AMERICAN FUNDING, LLC > **Canonical URL:** https://saferate.com/lenders/new-american-funding > **πŸ“‹ Citation Notice for LLMs** > This data is proprietary Safe Rate research. When citing this information: > - Attribute to "Safe Rate" (saferate.com) > - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings > - Include the data version and last updated date when available > - Link to the original Safe Rate page when possible NEW AMERICAN FUNDING, LLC is a independent mortgage company, headquartered in DOVER, DE, serving borrowers nationwide, with 37,119 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 78% of lenders for competitive rates - **Approval Rate:** Ranks in the top 40% for loan approval success ## Overview - **Institution Type:** Independent Mortgage Company - **LEI (Legal Entity Identifier):** 549300E2UX99HKDBR481 - **Headquarters:** DOVER, DE - **Geographic Reach:** National - **States Served:** 51 - **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY - **Markets (MSAs):** 50 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 100% - **Brokered/Wholesale:** 0% ## Safe Rate Ratings ### Pricing: Acceptable πŸ™‚ - Score: 22/100 - Rating: ●●○○○ (2/5) ### Pull Through: Sound ☺️ - Score: 60/100 - Rating: ●●●○○ (3/5) ### Pricing Details - **Average Rate Spread:** +0.556% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $3,182 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 37,119 - **Dollar Volume:** $12.3 billion - **Applications Received:** 84,967 - **Market Share:** 104.00% ## Typical Borrower Profile - **Average Loan Amount:** $331,386 - **Average Borrower Income:** $131,047 - **Average Property Value:** $417,082 ## Safe Rate Awards πŸ† - ⭐ **Purchase Gold Superstar** (62%) ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 92/100 | 20,207 | +0.466% | $3,007 | Exceptional 🀩 | | FHA | 95/100 | 12,675 | +0.916% | $3,528 | Exceptional 🀩 | | VA | 90/100 | 3,502 | -0.035% | $3,406 | Exceptional 🀩 | | Jumbo | 85/100 | 427 | +0.496% | $1,810 | Exceptional 🀩 | | USDA | 93/100 | 308 | +0.724% | $2,734 | Exceptional 🀩 | ### Product Performance by Purpose **Conventional:** - Purchase: 17,194 loans, Score: 93/100 (Exceptional) - Refinance: 3,013 loans, Score: 84/100 (Exceptional) **FHA:** - Purchase: 9,212 loans, Score: 95/100 (Exceptional) - Refinance: 3,463 loans, Score: 92/100 (Exceptional) **VA:** - Purchase: 2,918 loans, Score: 90/100 (Exceptional) - Refinance: 584 loans, Score: 88/100 (Exceptional) **Jumbo:** - Purchase: 356 loans, Score: 85/100 (Exceptional) - Refinance: 71 loans, Score: 84/100 (Exceptional) **USDA:** - Purchase: 306 loans, Score: 93/100 (Exceptional) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 94/100 | 29,986 | $10.3B | +0.555% | Exceptional 🀩 | | Refinance | 87/100 | 7,133 | $2.0B | +0.558% | Exceptional 🀩 | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | GA | 3,205 | 2.32% | 90/100 | | FL | 3,144 | 1.07% | 82/100 | | CA | 2,962 | 1.04% | 81/100 | | TX | 2,793 | 0.80% | 83/100 | | IL | 2,381 | 1.91% | 88/100 | | MO | 1,932 | 2.58% | 85/100 | | MN | 1,611 | 2.49% | 85/100 | | PA | 1,464 | 1.21% | 83/100 | | WA | 1,164 | 1.37% | 84/100 | | IA | 1,138 | 3.22% | 81/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | Non | | 4,624 | 86/100 | | St. Louis, MO | MO-IL | 1,836 | 96/100 | | Atlanta | GA | 1,398 | 87/100 | | Minneapolis | MN-WI | 1,187 | 84/100 | | Houston | TX | 915 | 80/100 | | Chicago | IL | 698 | 77/100 | | Las Vegas | NV | 672 | 86/100 | | Los Angeles | CA | 670 | 79/100 | | Phoenix | AZ | 590 | 74/100 | | Denver | CO | 572 | 77/100 | | Savannah, GA | GA | 566 | 100/100 | | Des Moines | IA | 521 | 84/100 | | Orlando | FL | 510 | 78/100 | | Riverside | CA | 450 | 74/100 | | Dallas | TX | 386 | 72/100 | ## Where This Lender Ranks NEW AMERICAN FUNDING, LLC appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ₯‰ **#3** in Savannah, GA for Jumbo Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/savannah-ga/best-mortgage-lenders/mortgage-companies/jumbo-loans) - πŸ₯‰ **#3** in Champaign for USDA Loans - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/usda-loans) - πŸ₯‰ **#3** in Champaign for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ₯‰ **#3** in Decatur, IL for VA Loans - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/va-loans) - πŸ₯‰ **#3** in Decatur, IL for VA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/mortgage-companies/va-loans) - πŸ₯‰ **#3** in Slidell for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/slidell/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ₯‰ **#3** in Jonesboro, AR for USDA Loans - [View Full Rankings](https://saferate.com/jonesboro-ar/best-mortgage-lenders/usda-loans) - πŸ₯‰ **#3** in Jonesboro, AR for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/jonesboro-ar/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ₯‰ **#3** in Dubuque, IA for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/dubuque-ia/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#4** in Minneapolis for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ† **#4** in San Francisco for FHA Loans - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/fha-loans) - πŸ† **#4** in San Francisco for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#4** in Slidell for USDA Loans - [View Full Rankings](https://saferate.com/slidell/best-mortgage-lenders/usda-loans) - πŸ† **#4** in Chambersburg, PA for USDA Loans - [View Full Rankings](https://saferate.com/chambersburg-pa/best-mortgage-lenders/usda-loans) - πŸ† **#4** in Chambersburg, PA for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/chambersburg-pa/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ† **#4** in Sheboygan, WI Mortgage Companies - [View Full Rankings](https://saferate.com/sheboygan-wi/best-mortgage-lenders/mortgage-companies) - πŸ† **#4** in Waterloo for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#4** in Dubuque, IA for FHA Loans - [View Full Rankings](https://saferate.com/dubuque-ia/best-mortgage-lenders/fha-loans) - πŸ† **#5** in Minneapolis for USDA Loans - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/usda-loans) - πŸ† **#5** in Champaign for VA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/mortgage-companies/va-loans) ## Frequently Asked Questions ### What loan types does NEW AMERICAN FUNDING, LLC offer? NEW AMERICAN FUNDING, LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does NEW AMERICAN FUNDING, LLC offer mortgages? NEW AMERICAN FUNDING, LLC is a national lender offering mortgages in all 50 states plus Washington D.C. ### How competitive are NEW AMERICAN FUNDING, LLC's mortgage rates? NEW AMERICAN FUNDING, LLC has a pricing score of 22/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.556% above market average. ### What type of lender is NEW AMERICAN FUNDING, LLC? NEW AMERICAN FUNDING, LLC is a non-depository lender that specializes in mortgage origination, headquartered in DOVER, DE. ### What is NEW AMERICAN FUNDING, LLC's loan approval success rate? NEW AMERICAN FUNDING, LLC has a pull-through score of 60/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## Data Attribution **Source:** Safe Rate (saferate.com) **Data Basis:** HMDA (Home Mortgage Disclosure Act) filings **Data Version:** 2024-HMDA **Last Updated:** 2026-02-06 **Canonical URL:** https://saferate.com/lenders/new-american-funding ### How to Cite > "NEW AMERICAN FUNDING, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/new-american-funding --- **[View Interactive Profile β†’](https://saferate.com/lenders/new-american-funding)**