#1 in Customer Satisfaction
among Mortgage Servicers
- J.D. POWER
For J.D. Power 2022 award information, visit jdpower.com/awards.
10160 Foley Blvd NW, Ste. 200, Coon Rapids, MN 55448
New American Funding – Coon Rapids provides informed advice and mortgage lending services to homeowners and future homeowners. Coon Rapids mortgage lenders takes their lead from our founders and owners Rick and Patty Arvielo who are passionate about helping homebuyers in the Coon Rapids community and across the country realize their dream of home ownership.
Our dedicated team is proud to serve the people of Coon Rapids, MN as a reliable mortgage bank from the loan origination stage to the actual funding. We serve clients of all backgrounds and believe Coon Rapids is better off as a whole when more people purchase homes here and contribute to the fabric of our neighborhoods.
Come see what makes our elite Coon Rapids team of underwriters and funders some of the best in the business at closing loans quickly and offering customer’s a positive experience.
- J.D. POWER
For J.D. Power 2022 award information, visit jdpower.com/awards.
Roger B.
Transaction Completed:
6/2/2023
"Friendly service from the staff."
Christy M.
Transaction Completed:
6/1/2023
"Steve has always been amazing to work with. That is why we have chosen to work with him consistently!"
Brian M.
Transaction Completed:
6/1/2023
"Steve has always taken care of us and makes the whole process easy. I recommend Steve Rice and New American Funding for anyone looking for expertise and personal touch when buying or refinancing a home."
Raquel M.
Transaction Completed:
6/1/2023
"The communication and the support of guidance from each other to ensure our clients we are looking out for their best interest."
Estimate your monthly payment, see how much house you can afford, and more!
At New American Funding, we believe that every person deserves a clear path to achieving their dream of homeownership. So, we created the Pathway to Homeownership initiative to alleviate some of your financial worries.
The Pathway to Homeownership offers qualified borrowers in select areas up to $8,000 in assistance. These funds are not a loan that needs to be repaid and are available to first-time homebuyers in designated areas.
This program can also potentially be combined with other down payment assistance programs to offer you even more support as you build the life of your dreams.
Buying in cash means convenience, certainty, and may mean cost savings too. In fact, buying in cash may help you save up to 11% over those using a traditional mortgage.* With NAF Cash, you can make a competitive, true cash offer that is not contingent on financing and close in little as seven days without having to sell your current home first.
*According to a study from researchers at the University of California - San Diego, cash buyers have paid about 11% less than using a mortgage. Reher, Michael and Valkanov, Rossen, The Mortgage-Cash Premium Puzzle (September 24, 2021). Available at SSRN: ssrn.com/abstract=3751917 or dx.doi.org/10.2139/ssrn.3751917