New American Funding Reviews

From the initial phone call, Brenda was professional, cordial and gave me the impression I was a most valued customer with NAF. She got her team to work immediately and our refinance was accomplished quickly. During the entire short process, we were advised of exactly what was happening and what steps were needed to complete the process.

Dude wouldn't stop pestering me for a review even after I asked him to stop. Process went well, had too many cooks in the kitchen at one point and they weren't all on the same page.

We contacted First Cal to get pre-approved for a loan. We were contacted by Rene Alvarado and submitted an application and all the relevant documents by December 1. Rene wrote to me that afternoon to say that he had some questions about the documents, but that we would get the pre qualification letter the next day. And then nothing. On December 11, a week and a half later, I wrote asking about the status of our application. It is now December 20 and we have still heard nothing. We're obviously a bit disappointed, as the time period during which we can get another hard credit check without a ding on our score has passed. It's possible that Rene had some sort of emergency, but if so, someone at First Cal should have followed up on his applications. The fact that we have not had any further contact is inexcusable.

A more timely result. Over 4 months seems Way to long.

The lack of communication, pressure to sign inaccurate documents without explanation, and failure to follow through with what was promised were unacceptable. When this all started, I explained exactly what I needed to happen. At closing, nothing played out as promised. I feel like I was almost even coerced to close this deal, by the people that I entrusted with the biggest purchase of my life. i understand that my situation was very unique, but at the end of the day, I am now facing my biggest fear, that I told her the first time we talked, and I was promised that it wouldn't happen. It seems like everything i was told during this process was just to keep me interested and satisfied just enough to get this closing sot hey could get paid.

Better Communication and Professionalism. Lynn wouldn't call me back or answer my calls. She made me uncomfortable and made me feel like she was discriminating against me. She made my first house buying experience the worst experience I ever had.

I am disappointed that we were sold a loan that we could never get, as the Jumbo loan requirement increased by 5% in 2025 for all States but 2. Per my conversation today, it was incorrectly explained to me it was the county (Cocke) and not the entire US that increased the loan amount. I was very surprised to hear that my rate was now going from 7.126% to 7.5%. Nowhere on the paperwork does it state this loan is a Jumbo Loan nor was I told. I requested a conventional loan but was not told the difference from a conformist loan to a Jumbo loan. Nether was I contacted within the 30 days to see if I wanted to lock in the interest rate. If it had been explained that the Jumbo Loan would not be an option in 2025 and the rate would go up go to 7.5%, I would have locked in the rate. I was told however, that the investor probably wouldn’t have accepted it. Therefore, I was sold a loan that wasn’t available to me. Hopefully, I wasn’t quoted a lower rate with NAF knowing full well it would never happen. I even signed documents yesterday stating the 7.126% was the estimated rate. Why didn’t those documents reflect the new rate? It’s hard not to believe there is a bait and switch going on, as NAF had plenty of time to tell me about this situation and not 2 weeks before closing. We started this process on December 10th. I have been a customer since 2017 and purchased 3 houses with NAF. I believed that NAF was a trustworthy company. However, after today I have no trust or confidence. Hopefully, NAF will do the right thing and provide a better interest rate. I shouldn’t have to pay for the negligence of NAF. My loan offer Chris never contacted again after Jan 16th. Then, three days before closing was told that the type of loan doesn't fund property over 20 acres and our property has 20.8 acres. We had to wait to get a waiver signed, which then delayed getting the doucments out. We were suppose to get the documents on Friday Jan 31st but did not recieve them until Feb 1st, which frustrated the investor. I also talked with a cusotmer service agent and asked for a supervisor to contact me and no one ever did. This was an awful experience.

Communication. Zero communication. Would just send emails with documents attached and no explanation of the document and expecting me to sign such document.