New American Funding is a private mortgage lending company that offers a variety of loan products like VA loans. The company does not require clients to have private mortgage insurance (PMI) and down payments to access the VA mortgage loans. Additionally, clients can roll the refinancing and funding fees into the loan to reduce upfront cash requirements.
New American Funding allows self-employed veterans to use their tax returns or bank statements to access loans. The company has a short closing period of fourteen business days for qualifying loans.
Consequently, New American Funding offers clients whose loans exceed the 14-day closing period a $250 credit boost. The company offers limited online information concerning its credit requirements and fees.
However, New American Funding Company operates in all states except Hawaii. The company also offers in-person branch services limited to thirty-two states.