Get QuoteSecure site · Updated July 2026
- Sample APR
- 6.99%
- Min. down payment
- 3.5%
- Loan types
- Conventional, FHA, VA, USDA, Jumbo
- Min. credit score
- 580
Why it stands out
New American Funding highlights
- Manual underwriting for thin or bruised credit files
- FHA loans accepted down to a 580 credit score
- I CAN mortgage lets you pick a custom loan term
- Bilingual loan officers and a large branch network
The verdict at a glance
Pros and cons
Pros
- Realistic path to approval for lower-credit borrowers
- Full menu including FHA, VA and USDA loans
- In-person branches in most states
Cons
- Rates and fees run higher than prime-only lenders
- Online rate transparency is limited before you apply
Our full review
Our take on New American Funding
New American Funding leans on manual underwriting to approve borrowers the big automated shops turn away. Expect a more human process, with pricing that reflects the added risk it takes on.
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Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on New American Funding’s own site before you apply.
The alternatives
How New American Funding compares
Other top-rated lenders in Mortgage Loans. Compare the numbers side by side before you decide.
| # | Provider | Rating | Sample APR | Best for | |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 6.74% | Best all-around online mortgage lender | See Rates | |
| 2 | Better | 6.61% | Best for low fees and fast pre-approval | See Rates | |
| 3 | SoFi | 6.69% | Best for members with strong credit | See Rates | |
| 4 | Veterans United | 6.58% | Best for veterans and active military | Get Quote |
- Rocket Mortgage4.9Best for Best all-around online mortgage lender
- Better4.7Best for Best for low fees and fast pre-approval
- SoFi4.6Best for Best for members with strong credit
- Veterans United4.5Best for Best for veterans and active military