New American Funding Reviews

STAY AWAY!!!! Made me bend over backwards applying for a loan submitting documents, answering phone calls, etc. over 2 week period. Initial loan officer told me I was approved pending final review, then disappeared. His "manager" then stepped in after multiple inquiries to tell me I was not approved. SCAM!!!!!!!!

I have used this company for almost 10 years on multiple different properties. They were very professional and priced fairly. A couple of months ago I was assigned to a new representative by the name of Sergio. Upon receiving a proposal, I realized that he was charging me points and over a quarter of a percent higher then two other lenders I received a proposal from. Every time I presented a proposal to him he would drop the rate and fees. Towards the end he began to give me ultimatums in an unprofessional way. It was very disrespectfulI and I will not be using them again. He did the same thing with my cousin that I referred around the same time frame. You would think that they would price us fairly after such a long relationship and very solid credentials. It takes a very special skillset to lose a lifelong client and a referral that were both done deals.

Take my advice and stay away from this company i closed with them recently.. two weeks after closing they call me jus to tell me they made a mistake on my property taxes so my month payment would change from 2,124 to 2,424 told them i cannot afford that cause that wasn’t what i sign for at closing .. they said oh well u sign a paper at closing that can allow them to change the price. So now am stuck in a high payment that i never expect, and it’s not my fault…so please be careful of these company and what they do to get customers then change your payment after

Take my advice and stay away from this company i closed with them recently.. two weeks after closing they call me jus to tell me they made a mistake on my property taxes so my month payment would change from 2,124 to 2,424 told them i cannot afford that cause that wasn’t what i sign for at closing .. they said oh well u sign a paper at closing that can allow them to change the price. So now am stuck in a high payment that i never expect, and it’s not my fault…so please be careful of these company and what they do to get customers then change your payment after

Take my advice and stay away from this company i closed with them recently.. two weeks after closing they call me jus to tell me they made a mistake on my property taxes so my month payment would change from 2,124 to 2,424 told them i cannot afford that cause that wasn’t what i sign for at closing .. they said oh well u sign a paper at closing that can allow them to change the price. So now am stuck in a high payment that i never expect, and it’s not my fault…so please be careful of these company and what they do to get customers then change your payment after

The only responses we have received from them have then later been found to be lies. Tell you one promise and find out a complete lie. We had pre approval. Made an offer and then they tell that they can't find funding for it and the offer was 25k under pre approval rate. Only positive part is that State of Wisconsin enforces verbal contracts as well. So the empty promises will be paid for.

New American Funding - VIK FAULKNER Vik Faulkner had tried to sell his funding to a family that I performed a home inspection for. They OVERCHARGED the couple to the point they were going to lose the house purchase. Luckily , with the buyer's realtor's help she found them another company and saved the buyers many thousands of dollars to where they were able to SAVE the purchase and lower their monthly payment and closing costs tremendously . He overcharged them in fees, etc. Then ,he then tried to blame the fiasco on the customers . I would not use thus guy..... DO YOUR HOMEWORK !!!! SHOP AROUND FOR YOUR MORTGAGE !!! I hope that this review is not removed...

Started the refinance process and they were quick to ask for documents and draw up a loan estimate. Everything was going well until my loan originator went out of office according to an automated response from her email which stated that she would still be responding to her emails while out of office. After several emails and contacting new American funding in several forms I received no response to continue my refinance. They literally left me on read on their Facebook. I have since refinanced at a better rate with a different company. Now these clowns have all of my personal and financial information for no reason.