New American Funding Reviews

Avoid Sam Ellsworth and his entire team. The reviews on Google do not reflect his poor efforts. He stopped responding to all phone calls and had his team deny our loan due to the birth of my child. After being in the home two years now, I am so happy I chose to go with a local lender! Don't make my same mistake. Took them 4 months to do nothing, local lender approved us in 3 weeks start to finish. Glad we didn't loose our dream home! NAF is unethical in many retrospects. Sam is a very poor leader.

The worst experience that I had in my life. Bad and lame in all!!! The call backs was always after 4:30pm in priority when you don't have time to resolve, they spend more than a month to closing my case, the processor team and the loan originator don't had a communication between what happening with the loan, talking trash about the realtors and the clients (because one of the members of this company leak and email talking about that!!!). Very unpleasant. My first home, the house of my dreams and they ruined this experience, but not anymore!!!

WORST COMPANY TO DEAL WITH. STARTING FROM NATE TO HIS ASSISTANT MARIA DIAZ I WAS CHECKING MY OPTIONS AROUND AND I ASKED THEM WHY GO THROUGH THEM THEY GAVE ME BASICALLY THE WORLD. I PROCEEDED WITH THE PROCESS AND ALL OF A SUDDEN THEY STOP TALKING TO ME. ABOUT A WEEK LATER I GET A CALL THAT THE PERSON LEFT THE COMPANY AND SOMEONE ELSE WOULD BE TAKING OVER OK NO PROBLEM RIGHT. WELL THEY SAY SEND US ALL THESE DOCUMENTS SO WE CAN SEND THEM TO THE UNDERWRITER AND GET YOU AN OFFICIAL APPROVAL THAT IS BETTER THAN A PRE APPROVAL . WELL LIKE THE REST OF THE REVIEWS HERE I STOPPED HEARING FROM THEM I CALL AND THEY SAY SOMEONE WILL BE IN TOUCH WITH ME I GOT IN TOUCH WITH SOMEONE THROUGH EMAIL AND SHE SAID SHE WOULD HAVE MY LOAN OFFICER REACH ME AND STILL NOTHING. MAKES ME FEEL LIKE THEY GOT ALL MY PAPERWORK TO STEAL MY IDENTITY. MY CREDIT IS EXCELLENT MY PAY IS GREAT AND MY FIANCE IS MY COSIGNER WHAT EXACTLY WENT WRONG AND WHERE WHAT DID THEY WANT US TO SEND EVERYTHING FOR TO JUST STOP TALKING TO US. I WISH I COULD GET THESE ANSWERS FROM THEM. LUCKILY I HAD RUN MY CREDIT WITH 3 OTHER MORTGAGES AND NOW AM DEALING WITH A BANK WHO KNOWS TOO MANY OF THESE HORROR STORIES. NEW AMERICAN FUNDING 3 WEEKS LATER IM CLOSING ON A HOME YOU LOST THE COMMISION GOOD LUCK

Dealt with Arnold. He belittled me because I had a deed in lieu of foreclosure 5 years prior. Told me he was sending my application application for manual underwriting, and that he'd call me tomorrow. I never heard from him again... guess what Arnold? Things are now much better for us, and guess who wont be getting our business?

I applied to New American Funding about three months ago and have heard back from them about 4 times with excuse after excuse about why they haven't accomplished anything with my application. When I applied online I was not assigned to any local office. I live in Florida but was contacted by someone in California, Jason Baumhover. This company claims to do what traditional banks won't regarding mortgages as per this statement online at nerd wallet: "New American Funding offers FHA and VA loans, works with down payment assistance programs, and seeks borrowers whose credit histories don't fit the mold of traditional banking..." I can tell you that after informing him that I was a self employed contractor he carefully accused me of providing him with a falsified employment letter for my application. After a few weeks I tracked him down to see where I stood in the application process and he told me that his "team" (which I believe is just him and a laptop computer) was working on it. A few weeks later I spoke to him again and he told me that he couldn't get in touch with my new employer. It appears that his "team" doesn't have international calling on their phone lines and could not call my employer, so they had to e-mail him. A few weeks later I contacted him again and he emailed me back saying that his wife was pregnant in the hospital and he wasn't in his office for a couple of weeks, ARE YOU SERIOUS? That is not a valid excuse to not follow through with an application, if you're a serious business you should have a backup plan. So nothing has ever come of this application and I don't expect anything to come of it, except that ever since I put in that application it seems as though my personal information has been compromised as someone else has also mentioned in these reviews prior to me. I would not recommend this company to anyone. I am looking into filing a formal complaint against them.

Awful experience, the way these people operate, once they get all your information and run your credit, you will not hear from them again. I have tried to reach out to them several times and they would not transfer stating the loan officer is busy in another call. This company is a fraud, don’t let them still your identity and personal information.

BEWARE!!! They prey on the elderly!! They screwed up paperwork and holding my elderly parents hostage by not disclosing information they claim they have or confirming if the house can be sold. They are refusing to cooperate in every way including refusing to return calls to them and attorney involved while still demanding payments.

This company might be great with getting you the loan you need but once the dust has settled and you need them to help with a homeowner's insurance claim, they send you in circles. We recently had over 30k in water damage and had our insurance issue a check almost immediately. Nationwide is great! Aside from that NAF is now required to endorse the check and wont. They dont have a department with a working phone number for this matter. They have lied about steps to take. They are holding our check hostage and not giving instructions on how to move forward. Unless you plan on never having an occurence in which you will need to use your home owners insurance, I would recommend you do not pick the company to borrow from.