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New American Funding Reviews

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New American Funding Overall Rating

4.9/5 rating based on 415,367 reviews

Customers were not compensated for their New American Funding reviews.

1.0 September 9, 2021

Review by Chris Van Zant for Marco Sanchez

Completed transaction on September 9, 2021

Closing on time would have been nice. Even after a 24 hr delay, all parties were at the closing table waiting for the package to be completed. When asked how much money the sellers could use towards closing costs the number 12k was given. It turns out it was only 10,500, so my clients lost $1,500 at the closing table. We could have negotiated a reduction in price. Very poor communication especially when things were falling apart.

1.0 September 9, 2021

Review by Alexandria Blakely for Marco Sanchez

Completed transaction on September 9, 2021

During this entire process there was very poor communication from Marco. On several occasions I had to reach out to him and got very delayed or no response. He never once picked up the phone to call us and let us know that we were past the date that locked in our rate due to seller delays. He let it expire without even telling us that it was approaching or that there was a fee that will be associated if we passed it.

1.0 September 9, 2021

Review by Jarrod Womack for Zac Centi

Completed transaction on September 9, 2021

The only postive part about this whole experience was when it was finally over.

1.0 September 9, 2021

Review by Joan Brown for New Choi

Completed transaction on September 9, 2021

Issues arose after my loan closed. First my loan was sold and I wasn’t notified. I received an insurance cancellation from the company. I called them and the new company to straighten it out. I called him and to this date he hasn’t followed up. Two days ago I found out that one of my insurance policies wasn’t transferred over and that the whole refinance with New American funding was done incorrectly and now that the other policy was added my note will to be higher than before the refi.

1.0 September 9, 2021

Review by John Shelby for New Garcia

Completed transaction on September 9, 2021

Attention to loan processing detail was lacking. Problems known to the loan processor for two weeks were not reported until the day before closing. Closed late. Caused significant heartburn and made me look bad in my local market.

1.0 September 9, 2021

Review by Terrence Moore for Antwaun Dawson

Completed transaction on September 9, 2021

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1.0 September 9, 2021

Review by Nile Jones for Antwaun Dawson

Completed transaction on September 9, 2021

Antwaun stopped responding completely at one point about a month before closing. This was while I needed documents to provide for another motgage I was working on. The closing documents were not in order and during signing we (and the notary) were not sure if my wife was actually listed as a coowner or someone who was cosigning for the loan. Even after the signing with the notary I considered cancelling. I began this process at the very beginning of August. I wish I had used someone else.

1.0 September 9, 2021

Review by Richard Mathena for Antwaun Dawson

Completed transaction on September 9, 2021

This was the worst loan experience and process. No communication period unless I called customer service. Escalation is the only way to get a response. The entire loan process was a nightmare with Documents being requested and submitted only to have the same person ask for the same documents again. Internal communication is does not exist. I would run away from this company!!!

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