Cold Spring, MN Mortgage Lenders

Cold Spring

10 3rd Avenue South, Ste. 1, Cold Spring, MN 56320

(320) 201-1354

Your New American Mortgage Starts Here

New American Funding – Cold Spring provides informed advice and mortgage lending services to homeowners and future homeowners. Cold Spring mortgage lenders takes their lead from our founders and owners Rick and Patty Arvielo who are passionate about helping homebuyers in the Cold Spring community and across the country realize their dream of home ownership.


Our dedicated team is proud to serve the people of Cold Spring, MN as a reliable mortgage bank from the loan origination stage to the actual funding. We serve clients of all backgrounds and believe Cold Spring 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 Cold Spring team of underwriters and funders some of the best in the business at closing loans quickly and offering customer’s a positive experience.



You're In Good Hands!

Meet The Team

Michael Schrupp Image
Michael Schrupp

Area Manager

NMLS #210570

(612) 280-3657

Visit Website

News & Resources

CFPB extends QM Patch indefinitely Image

posted 10/26/2020 Ben Lane Mortgage News
The piece of federal lending law that allows borrowers whose mortgages are sold to Fannie Mae and Freddie Mac to have a higher debt-to-income ratio than other types of qualified mortgages was all set to expire on Jan. 10, 2021. But that’s not the case anymore.

Read More
FHA unveils new automated underwriting system Image

posted 10/26/2020 Ben Lane Mortgage News
For years, lenders across the country used the automated underwriting systems of Fannie Mae and Freddie Mac to speed up their origination process. Meanwhile, the process for Federal Housing Administration loans was a bit different. Things are about to change.

Read More