As one of the largest privately-owned direct mortgage lenders in the nation, New American Funding is dedicated to helping families and individuals improve their quality of life through homeownership. Headquartered in Orange County, California, NAF has quickly grown to become a leader in the home loan industry.
I was told when I applied for the loan I can chose to pay however I want. Once a month, biweekly, weekly. They did not care as long at they got their payment. So I took my mortgage payment and devided by 4. I sent the same amount every Monday. They started to call and harass me that they didn't have my full payment by the 1st. Only mortgage company ever with zero grace period for payments. They would call if that last payment was 1 day late. Then somewhere along the lines they were not applying my funds correctly and I somehow ended up like 500 bucks short from a complete payment come the first. This has happened a couple if times now. I religiously pay them yet I am getting calls almost every single day to harass me about it. Worst company ever. Never again.
New American Funding. VIK fAULKNER tried to sell his funding to a family that I performed a home inspection for. They OVERCHARGED the couple to the point that they were going to lose the house purchase. Luckily with the buyer's realtor's help ,she found them another lender and saved the buyers many thousands of dollars to where they were able to SAVE the home purchase and lower their monthly payment and closing costs tremendously !!! He overcharged them in fees, etc, then tried to blame the fiasco on the customers.....I would not use this guy.....DO YOUR HOMEWORK AND SHOP AROUND !!! I hope that this review is not removed .....
The entire team worked very well and fast and communicated very well.
Marti is amazing! She kept me informed every step of the way and made sure my needs were taken care of. This was my 2nd refinance with her. Highly recommend.
Michael and Lauren did a great job of telling us what they needed, keeping us informed, and making our refinancing dreams a reality in a timely manner! We are very pleased with the experience! I would definitely recommend them to anyone!
overall good company for getting mortgage loan.
Calls all hours nonstop harassment. I said I'm not ready they said they wouldn't do this but of course they will harass nonstop now. Should have known.
What a joke. I’m an underwriter, so I understand expectations and timeliness. This company mismanaged the entirety of the process. Incorrect Appraisals, Incorrect person’s information mixed into my file, missed deadlines, lack of correspondence, etc. The list goes on and on (for 2 over months). Don’t waste your time! This company has poor business practices, terrible communication, awful organizational ability, and overall misleading. We went with another lender who had their act together within a week. Do yourself a favor. Pass on NAF Inc. Truly a garbage company.
I wish we could have had the pleasant experience like everyone else but unfortunately we had an unpleasant experience. We were given a list of documents to provide to the company which is standard after providing all these documents we were informed halfway through the process to provide more documents, which we did. On the expected timeframe we were given to close on our house we were told it had been delayed due to more needed documents. Mind you we had to initiate 90% of the conversations to find out where we were at during the process. After we decided to longer go with this company, they failed to inform us to notify all the previous insurance companies we were not making any changes causing our house insurance to be suspended that we were unaware until I received notification in the mail on a weekend when the office is closed. Calling them is out of the question because you’re lucky to get someone who knows what’s going on. Then you spend extra money on house improvements you were told to make to better your chances for the mortgage only to be told they are no longer doing it. The house appraiser they use does not adequately appraise for what your house is worth. The appraiser did not use correct similar houses to our size and years. Spent $600 on an appraisal that was worthless. Best to stick with your bank locally where you have a good relationship with. Our process went from 45 days to almost 60 days!
We worked with Fayad Ayoub at New American Funding, and he made the loan process seamless and easy. He responded immediately and followed through with me the entire time including the post-closing. During the process, I had many questions and each time I reached out for answers, Fayad was available to answer my questions while calming my nerves. He walked us through each stage with on-the-spot feedback to reduce the risk of task redundancy. We would highly recommend family and friends to work with Fayad, we also plan to work with Fayad again on future purchases or potential refinance.Our family is grateful for Fayad and New American Funding for allowing our home ownership dreams to become a reality. We look forward to our next purchase.
We worked with Jennifer Nye at New American Funding, and she made the loan process seamless and easy. She responded immediately after our initial loan application submission and followed through with our family the entire time including the post-closing. During the process, we had many questions and each time we reached out for answers, Jennifer was available to answer our questions while calming our nerves. She walked us through each stage with on-the-spot feedback to reduce the risk of task redundancy. We would highly recommend family and friends to work with Jennifer, we also plan to work with Jennifer again on future purchases. Our family is grateful for Jennifer and New American Funding for allowing our home ownership dreams to become a reality. We look forward to our next purchase.
They were helpful with it being the first home loan. We appreciated everything
No problems everything went as planned.Adam and Sonia keep in touch. Over all a good experience
I just purchased a new home with this company and have held a mortgage on a different property with them for 2 years. Their communication is always quick and helpful. I found the entire process to be smooth and as stress free as buying a house can be. My closing happened on time with no hiccups.
We would always choose American Funding for our mortgage company. We closed worry free and fast. Our concerns were always met with fast and comforting responses. I would fully recommend this company to anyone looking for a loan.
I worked with Megan Kelly and she was very helpful, responsive, and quick! She made my first home purchase very easy! Highly recommend working with Megan!
Matt couture made this a stress free and painless experience. Would recommend him to everyone. Very knowledgeable and truthful. We could call him anytime with questions and he knew the answers or got back to us in a short time. Very pleased with him and his company. Thank you Matt 😊
I had a great experience with New American Funding. I wanted to refinance and do a cash out…they had it done in 45 days. Very painless process. I appreciated all the hard work Michael Lesinski and Ashlee Fenn did. They always were prompt in responding to my questions/concerns. They were always professional and understanding. They both were awesome!!!!
I worked with Hunter Hinton as my loan officer and John Ray as my loan processor. Both of these men were awesome to work with. They were very informative about the whole loan process. I could not have asked for things to had gone more smoothly.
Candy Fox
Dec 16,2022My house has been under contract for six months! NAFunding has asked for endless documents, but the worst is that now they are not returning phone calls or emails. Repeatedly the contact person has said, "I'll have 'clear to close' by this afternoon,' and has not followed through. They have held up the equity in my house for six months with no end in sight. Don't ever use this group!