# NEW AMERICAN FUNDING, LLC

> **Canonical URL:** https://saferate.com/lenders/new-american-funding

> **📋 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 🙂
- 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

## Safe Rate Awards 🏆

- ⭐ **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 |

## 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.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**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

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