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NEW AMERICAN FUNDING, LLC
Independent Mortgage Company|DOVER, DE|National
Loans Originated
37,119
Applications
84,967
Volume
$12 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.556%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,182
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
43.7%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
NEW AMERICAN FUNDING, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$331,386
Average Borrower Income
$131,047
Average Property Value
$417,082
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% | $3,007 |
FHA Loans | Acceptable | Exceptional | Mediocre | Sound | 12,675 | 34.1% | +0.916% | $3,528 |
VA Loans | Acceptable | Exceptional | Mediocre | Sound | 3,502 | 9.4% | -0.035% | $3,406 |
Jumbo Loans | Sound | Exceptional | Acceptable | Sound | 427 | 1.2% | +0.496% | $1,810 |
USDA Loans | Sound | Exceptional | Mediocre | Strong | 308 | 0.8% | +0.724% | $2,734 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 29,986 | 80.8% | +0.555% | $3,229 |
Refinance | Sound | Exceptional | Acceptable | Acceptable | 7,133 | 19.2% | +0.558% | $2,926 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Savannah, GA, GAMSA
Volume: 566Mix: 1.52%
Place Specialization
Exceptional
2
Crestview, FLMSA
Volume: 381Mix: 1.03%
Place Specialization
Exceptional
3
St. Louis, MO, MO-ILMSA
Volume: 1,836Mix: 4.95%
Place Specialization
Exceptional
4
Champaign, ILMSA
Volume: 253Mix: 0.68%
Place Specialization
Exceptional
5
Atlanta, GAMSA
Volume: 1,398Mix: 3.77%
Place Specialization
Exceptional
6
Las Vegas, NVMSA
Volume: 672Mix: 1.81%
Place Specialization
Exceptional
7
Davenport, IA-ILMSA
Volume: 307Mix: 0.83%
Place Specialization
Exceptional
8
Harrisburg, PAMSA
Volume: 223Mix: 0.60%
Place Specialization
Exceptional
9
Des Moines, IAMSA
Volume: 521Mix: 1.40%
Place Specialization
Exceptional
10
Minneapolis, MN-WIMSA
Volume: 1,187Mix: 3.20%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
GAState
Volume: 3,205Mix: 8.63%
Place Specialization
Exceptional
2
ILState
Volume: 2,381Mix: 6.41%
Place Specialization
Exceptional
3
NVState
Volume: 811Mix: 2.18%
Place Specialization
Exceptional
4
MNState
Volume: 1,611Mix: 4.34%
Place Specialization
Exceptional
5
MOState
Volume: 1,932Mix: 5.20%
Place Specialization
Exceptional
6
WAState
Volume: 1,164Mix: 3.14%
Place Specialization
Exceptional
7
PAState
Volume: 1,464Mix: 3.94%
Place Specialization
Exceptional
8
TXState
Volume: 2,793Mix: 7.52%
Place Specialization
Exceptional
9
FLState
Volume: 3,144Mix: 8.47%
Place Specialization
Exceptional
10
KYState
Volume: 709Mix: 1.91%
Place Specialization
Exceptional
Showing 10 of 50 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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