Coon Rapids, MN Mortgage Lenders

Coon Rapids

1,192 Reviews

10160 Foley Blvd NW, Ste. 200, Coon Rapids, MN 55448

(763) 340-1942

Your New American Mortgage Starts Here

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.



#1 in Customer Satisfaction
among Mortgage Servicers

- J.D. POWER

For J.D. Power 2022 award information, visit jdpower.com/awards.

You're In Good Hands!

4.97/5 Based on 1,192 reviews
5/5

Roger B.

Transaction Completed:
6/2/2023

"Friendly service from the staff."

Forest Lake, MN
5/5

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!"

Ramsey, MN
5/5

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."

Ramsey, MN
5/5

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."

Dayton, MN

PATHWAY TO HOMEOWNERSHIP

Are You Ready?


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.


What is the Pathway to Homeownership Initiative?


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.

NAF Cash Can Turn You into a Cash Buyer

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

News & Resources

Is 2023 a Good Year to Buy a House? Image

posted 6/2/2023 Ailin Goode Personal Finance
Whether or not 2023 is a good year to buy a house will depend on several factors. You will want to consider your individual circumstances and how you view the advantages and disadvantages of buying a home in the current market.

Read More
Using an FHA Loan to Buy a Foreclosure  Image

posted 5/30/2023 Ailin Goode Home Loans
Purchasing a foreclosure with an FHA loan can be a great way to save money on a property that has the potential to become your home for many years or a great investment for the future.

Read More