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New American Funding Reviews

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New American Funding Overall Rating

4.9/5 rating based on 372,712 reviews

Customers were not compensated for their New American Funding reviews.

3.0 October 23, 2022

Review by Nathan Foote for Moe Hoballah

Completed transaction on October 23, 2022

Better communication and knowledge especially for new time home buyer’s but it’s all a learning curve and maybe better down the road if we did it again

3.0 October 22, 2022

Review by Anne Cowen for Aryeh Richter

Completed transaction on October 22, 2022

My buyer was young and didn't know anything about how a mortgage loan process should go. He started with another loan originator that did NOT lock in his interest rate when he should have. Aryeh did not seem to think this was a problem that he could resolve and never addressed the issue. It was NOT my buyer's fault that his original loan officer left and yet he was penalized by a much higher interest rate! If I hadn't called and questioned every step of the way about the process, I would not have learned anything about my buyer's loan and I doubt we would have closed on time. The closing package wasn't even emailed to the correct email address until I caught the mistake!

3.0 October 21, 2022

Review by Sharon Pedersen for Bob Clabeaux

Completed transaction on October 21, 2022

No lectures but actual solutions. This will fall on deaf ears. No one wants to hear excuses. Sometimes an apology for an inconvenience experienced goes a long way. I got none. Not even when your error cost many people time & money

3.0 October 20, 2022

Review by Paul Olson for Louis Wonio

Completed transaction on October 20, 2022

Poor communication, never answered the phone and lack of updates.

3.0 October 17, 2022

Review by Joyce Davis for Alan Braun

Completed transaction on October 17, 2022

We sell Florida real estate. To have a financial institute in North Carolina and a loan processor in California is beyond me. It was a horrible experience for my buyer. She was so stressed. I was very disappointed. I do not believe I have ever had such an experience.

3.0 October 14, 2022

Review by Stephen Benson for Braxton Ehle

Completed transaction on October 14, 2022

It wasn't Braxton at all. He had to the pay the price for the rest of the exp. We are still struggling to find the information to send the pay off checks. The process is ridiculous. Additionally, we have check that are not correct, written out to companies my husband does not owe and wrong amounts, that should have been credited to the mortgage company and not refunded to us. So New American Funding are thieves so far. Additionally, we can't get a call back from anyone. And now Braxton is no longer with New American Funding. So what should we do now?????????????

3.0 October 14, 2022

Review by Mark Johnson for Megan McDermott

Completed transaction on October 14, 2022

This was my first experience with home buying. The communication seemed to be really good at first when I was determining which lender to go with. My only complaint is that towards the end there was hardly any communication or updates on the loan status. I could go for days without hearing anything and then I would receive only an email that had time constraints attached. In the future I would like to see maybe a phone call with an explanation on upcoming documents or emails. Overall I am pleased with the experience and Megan did a good job, I just wished there had been more communication towards the end.

3.0 October 9, 2022

Review by Catherine Zimmerman for Jeff Glick

Completed transaction on October 9, 2022

There were a few points where I felt like I was just on the wrong page but in a complete different book. Somethings could have been explained more in depth. Understanding all my options wasn't super clear. Glad everything worked out just felt lost, more often than not.

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