Mortgage Refinance review

New American Funding review

Name: New American Funding review
Item: New American Funding
Rating: 8.8
Author: ChoosyOwl

Best for loan variety

Direct lender with FHA streamline, VA IRRRL, cash-out and non-QM options. Homeowners with an FHA or VA loan, self-employed borrowers or anyone who wants a lender with a wide product menu and loan officer support. We rank it #3 of 8 in our mortgage refinance comparison, with an editorial score of 8.8 out of 10.

Updated November 14, 2026By the ChoosyOwl editorial teamHow we rank

8.8/10

Our editorial score

New American Funding scores highest on Refinance product range because its refinance page covers cash-out refinances, HELOCs, FHA streamline refinances and VA IRRRL and VA cash-out refinances, and its loan types include USDA, jumbo, non-QM and reverse mortgages. It does well on Support and servicing because it says it services most eligible loans itself. It scores lower on Quote experience because we did not find a stated soft-pull rate check; you request a quote through a loan officer.

How we score mortgage refinance

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Mortgage disclosure.

We are not a lender, a mortgage broker or a loan officer, and we do not make credit decisions or take loan applications. Rates, APRs, points, fees and loan terms are set by each lender and depend on your credit profile, income, home equity, loan amount, property type and state. Not every product is available in every state, and approval is never guaranteed.

Many lenders and comparison services let you see a rate quote or estimate with a soft credit inquiry, which does not affect your credit score. Submitting a full mortgage application typically triggers a hard credit inquiry, which may affect your credit score. Check each lender's disclosure to see which kind of inquiry it uses at each step.

Refinancing has closing costs, which can include origination charges, points, appraisal, title and recording fees. Some lenders let you roll costs into the loan or take a higher rate in exchange for lender credits, which means you pay them over time instead of upfront. Refinancing may increase the total finance charges you pay over the life of the loan. Compare the APR and the closing costs on each Loan Estimate, not just the interest rate.

Mortgage lenders and brokers must be licensed and are listed in the Nationwide Multistate Licensing System (NMLS). You can look up any company's NMLS ID and state licenses at nmlsconsumeraccess.org before you apply.

A mortgage, home equity loan or home equity line of credit is secured by your home. If you do not make the payments, you could lose your home to foreclosure.

Quick facts

Our rank#3 of 8

Best forBest for loan variety

Company typeDirect lender

Refinance optionsCash-out, FHA streamline, VA IRRRL and VA cash-out; HELOC; jumbo and non-QM

Rate quoteRequest a quote online or through a loan officer; ask about the credit check

Facts checkedNovember 14, 2026

Details are general and can change. Check current plans, prices and terms on the New American Funding site. See the New American Funding company profile in our brand directory.

Overview

New American Funding (NAF) is a direct mortgage lender offering purchase loans, refinances and home equity lines of credit. Its refinance page lists cash-out refinances, HELOCs, FHA streamline refinances and, for veterans, the VA IRRRL and VA cash-out refinance. Its broader loan menu includes conventional, FHA, VA, USDA and jumbo loans, plus non-QM loans for borrowers with non-traditional income and reverse mortgages.

You start by requesting a quote online or connecting with a loan officer. NAF's site did not state whether its quote uses a soft credit inquiry, so ask your loan officer before you authorize a credit check. NAF says it services most of the eligible loans it makes, so you may keep dealing with the same company after closing.

New American Funding, LLC lists NMLS ID#6606 and a Santa Ana, California corporate office on its site.

Pros and cons

Pros

One of the broadest refinance menus we reviewed
Options for non-traditional income through non-QM loans
Loan officer and branch network if you want personal help
In-house servicing for many loans

Cons

No stated soft-pull rate check on its refinance pages
No sample refinance rates with APR on the pages we reviewed
Quote process relies on contact with a loan officer

Key features

FHA streamline refinance
VA IRRRL and VA cash-out refinance
Cash-out refinance and HELOC
Non-QM and reverse mortgage options
Services most eligible loans in-house (per site)

Who New American Funding is for

A good fit if

Homeowners with an FHA or VA loan, self-employed borrowers or anyone who wants a lender with a wide product menu and loan officer support.

Look elsewhere if

Borrowers who want to see a personalized rate online with no contact and no credit check.

How we scored New American Funding

Our mortgage refinance score weighs refinance product range (25%), rate and cost transparency (25%), quote experience (20%), licensing and disclosure clarity (15%), support and servicing (15%). See the methodology.

New American Funding alternatives

#1
Rocket Mortgage
Best overall
Large online mortgage lender with published sample refinance rates, VA IRRRL and cash-out options.
- Rate-and-term and cash-out refinances
- VA streamline (IRRRL) and VA cash-out refinances
- FHA and jumbo refinance options
- Refinance estimate the site says has zero credit impact
9.2/10
Editorial score
Visit site (Rocket Mortgage, opens in a new tab) Read review Compare
#2
Better Mortgage
Best online experience
Online-first lender with a no-credit-impact refinance quote and published rate pages.
- Personalized refinance quote online with no credit impact (per site)
- Rate-and-term and cash-out refinances
- VA loans and home equity options
- Published refinance and cash-out rate pages
8.9/10
Editorial score
Visit site (Better Mortgage, opens in a new tab) Read review Compare
#4
Veterans United Home Loans
Best for VA refinances
VA-focused lender for IRRRL streamline and VA cash-out refinances.
- VA streamline refinance (IRRRL)
- VA cash-out refinance, including from a non-VA loan
- VA jumbo loans
- Published VA refinance sample rates with APR and assumptions
8.7/10
Editorial score
Visit site (Veterans United Home Loans, opens in a new tab) Read review Compare

Head-to-head

Veterans United Home Loans vs New American Funding

See all 8 mortgage refinance lenders compared

New American Funding FAQ

Does New American Funding offer an FHA streamline refinance?

Yes. NAF's refinance page lists an FHA Streamline Refinance, which it says may not require an appraisal and needs less documentation. FHA eligibility rules apply.

Can veterans refinance with New American Funding?

Yes. NAF lists the VA Interest Rate Reduction Refinance Loan (IRRRL) and the VA cash-out refinance on its refinance page.

What is New American Funding's NMLS ID?

NAF's site lists NMLS ID#6606 for New American Funding, LLC. You can verify its state licenses at nmlsconsumeraccess.org.

Sources and fact check

We checked the facts on this page against New American Funding's own website on November 14, 2026.