What loan types does New American Funding offer?

New American Funding offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does New American Funding offer mortgages?

New American Funding is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are New American Funding's mortgage rates?

New American Funding has an overall pricing score of 22.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is New American Funding?

New American Funding is a Independent Mortgage Company headquartered in DOVER, DE.

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New American Funding

Independent Mortgage Company•Dover, DEHQ•Direct•Reviews near you on Google

New American Funding's 37.1k closed loans and 85k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

National · 49 mkts

Awards

Conventional

Superstar

Purchase

Superstar

Summary

What They Do Well

High volume lender with significant market experience
Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Nationwide availability with consistent service

Things to Think About

Rates typically 56 basis points above market average

Explore another lender or local market

Report Card

New American Funding performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+55.6 bps above market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 10% of lenders

FHA

Exceptional

Top 10% of lenders

Exceptional

Top 10% of lenders

Jumbo

Exceptional

Top 20% of lenders

USDA

Exceptional

Top 10% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 10% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Exceptional	Acceptable	Sound	20,207	54.4%	+0.466%Above	$3,007Fees
FHA Loans	Sound	Exceptional	Mediocre	Sound	12,675	34.1%	+0.916%Above	$3,528Fees
VA Loans	Sound	Exceptional	Mediocre	Sound	3,502	9.4%	-0.035%Below	$3,406Fees
Jumbo Loans	Sound	Exceptional	Acceptable	Sound	427	1.2%	+0.496%Above	$1,810Fees
USDA Loans	Sound	Exceptional	Mediocre	Strong	308	0.8%	+0.724%Above	$2,734Fees

Conventional

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume20,207

Mix54.4%

Spread

+0.466%Above

Fees

$3,007Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Sound

Volume12,675

Mix34.1%

Spread

+0.916%Above

Fees

$3,528Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Sound

Volume3,502

Mix9.4%

Spread

-0.035%Below

Fees

$3,406Fees

Jumbo Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume427

Mix1.2%

Spread

+0.496%Above

Fees

$1,810Fees

USDA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume308

Mix0.8%

Spread

+0.724%Above

Fees

$2,734Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Strong	29,986	80.8%	+0.555%Above	$3,229Fees
Refinance	Sound	Exceptional	Acceptable	Acceptable	7,133	19.2%	+0.558%Above	$2,926Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume29,986

Mix80.8%

Spread

+0.555%Above

Fees

$3,229Fees

Refinance

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Acceptable

Volume7,133

Mix19.2%

Spread

+0.558%Above

Fees

$2,926Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

37,119

Applications

84,967

Volume

$12 billion

Pricing & Closing

Avg Rate Spread

+0.556%

vs. market APOR

Avg Net Fees

$3,182

Origination − Credits

Pullthrough Rate

43.7%

Applications → Closed

Typical Borrower

Avg Loan Amount

$331,386

Avg Borrower Income

$131,047

Avg Property Value

$417,082

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Nkon21 · CC BY-SA 4.0

Savannah, GAMetro

Volume 566Mix 1.52% of portfolio

100/100

Exceptional

2© Georgia Guercio · CC BY-SA 3.0

Crestview, FLMetro

Volume 381Mix 1.03% of portfolio

97/100

Exceptional

3© WeaponizingArchitecture · CC BY-SA 4.0

St. Louis, MO, MO-ILMetro

Volume 1,836Mix 4.95% of portfolio

96/100

Exceptional

Champaign, ILMetro

Volume 253Mix 0.68% of portfolio

95/100

Exceptional

Atlanta, GAMetro

Volume 1,398Mix 3.77% of portfolio

87/100

Exceptional

Las Vegas, NVMetro

Volume 672Mix 1.81% of portfolio

86/100

Exceptional

Davenport, IA-ILMetro

Volume 307Mix 0.83% of portfolio

85/100

Exceptional

Harrisburg, PAMetro

Volume 223Mix 0.60% of portfolio

84/100

Exceptional

Des Moines, IAMetro

Volume 521Mix 1.40% of portfolio

84/100

Exceptional

Minneapolis, MN-WIMetro

Volume 1,187Mix 3.20% of portfolio

84/100

Exceptional

Showing 10 of 49 metro areas

Top States by Place Specialization Score

GeorgiaState

Volume 3,205Mix 8.63% of portfolio

90/100

Exceptional

IllinoisState

Volume 2,381Mix 6.41% of portfolio

88/100

Exceptional

NevadaState

Volume 811Mix 2.18% of portfolio

86/100

Exceptional

MinnesotaState

Volume 1,611Mix 4.34% of portfolio

85/100

Exceptional

MissouriState

Volume 1,932Mix 5.20% of portfolio

85/100

Exceptional

WashingtonState

Volume 1,164Mix 3.14% of portfolio

84/100

Exceptional

PennsylvaniaState

Volume 1,464Mix 3.94% of portfolio

83/100

Exceptional

TexasState

Volume 2,793Mix 7.52% of portfolio

83/100

Exceptional

FloridaState

Volume 3,144Mix 8.47% of portfolio

82/100

Exceptional

KentuckyState

Volume 709Mix 1.91% of portfolio

82/100

Exceptional

Showing 10 of 50 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.