New American Funding
PaidDiverse mortgage lender with a strong commitment to underserved communities
🏛️FHA LoansAbout New American Funding
New American Funding is a large direct mortgage lender known for its commitment to expanding homeownership in underserved and minority communities. The company offers a wide range of loan products including conventional, FHA, VA, USDA, jumbo, and non-QM loans, with bilingual loan officers and culturally sensitive service. Its iBuy Cash Offer program helps homebuyers compete with cash offers in competitive markets.
What's Great
- ✓Strong commitment to expanding homeownership in underserved communities
- ✓Bilingual loan officers and culturally sensitive service across markets
- ✓Wide product range including FHA, VA, USDA, and non-QM options
- ✓iBuy Cash Offer program helps buyers compete in competitive markets
- ✓Flexible underwriting for borrowers with non-traditional income sources
Watch Out For
- !Rates can be higher than online-only lenders with lower overhead
- !iBuy Cash Offer availability varies by market and property type
- !Processing speed can lag behind fully digital competitors
Common Use Cases
First-time homebuyer in an underserved community seeking FHA loan guidance in Spanish
Self-employed borrower needing flexible underwriting through non-QM loan programs
Buyer using the iBuy Cash Offer to compete against all-cash investors in a hot market
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
FHA Loans
Government-backed loans insured by the Federal Housing Administration, designed for first-time buyers with lower credit scores.
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