3 Best Mortgage Lenders for Home Purchase in 2024

30-Year Mortgage

Best 30-Year Fixed Mortgage Lenders

<div class="buttono-wrapper" style="max-width:98%;" data-partner-icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-contact_number="(855) 307-0924" data-partner-real_tel="+18553070924" data-partner-link="https://www.newamericanfunding.com/lfj/sptwr-he/?refinance=32421785&purchase=32421799&phone=8553070924&utm_source=SPTWR&utm_medium=referral&utm_content=default&utm_campaign=SPTWR_HE_580+&lp=rf&lt=all&sub_id=&pub_id=&utm_term=default&sub_id=" data-partner-offer_name="new am" data-partner-offer_link="" data-partner-total_votes="388" data-partner-under button text="" data-partner-title="{bold: Direct lender, large variety of loan products}" data-partner-editor_choice_text_desktop="" data-partner-mobile_icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-mobile_title="Direct lender, large variety of loan products" data-partner-editor_choice_text_mobile="" data-partner-slide_down_title="" data-partner-slide_down_read_review="" data-partner-conversion_label="tNr9CPHLmPMYEK3N_dop" data-partner-adoric_event="" data-partner-partner_id="933" data-partner-caption="" data-partner-number_of_reviews="" data-partner-partner_name="New American Funding" data-partner-facebook_ad_event_name="" data-partner-under_button_text_font_size="0.7"  data-style-params="" data-logo-src="https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg" data-promote-text="" data-button-text="Get Rates " data-kidon-id="933" data-conversion-label="tNr9CPHLmPMYEK3N_dop" offer-id="" data-button-type=""><meta name="viewport" content="width=device-width, initial-scale=1" ><meta data-type="partner" ><div class="background-wrapper"><div class="border-wrapper"> <div id=6682e381ef3bb class="buttono-content" ><div class='buttono-logo__container'><a href='/' target='_blank'><img src='https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg' class='buttono-logo' style='width:50px; height:44px;'></a></div> <div class="main-content"><div class='col-md-6'><a href='/' target='_blank' class='buttono-promote-text__container'><p class='buttono-promote-text'>$</p></a></div><div class='buttono-link-container'><a href='/' target='_blank' class='buttono-link'>Get Rates </a></div></div></div><a href='/' target='_blank'><img class='buttono-image' src='/'></div></a></div></div>
<h3>Final Thoughts</h3>
<p>New American Funding has a strong foundation as a family business and has remained committed to its core values. As an independent lender, the company places a high emphasis on providing excellent customer service and maintaining strong relationships with its clients.</p>
<p>New American Funding offers multiple avenues for applying for and managing loans. Borrowers can choose to complete their applications online, over the phone, or in person. New American Funding provides a comprehensive range of mortgage products, including conventional and government-backed loans.</p>


<p>New American Funding stands as an autonomous, family-owned lending institution with its headquarters located in Orange County, California. Since its establishment in 2003, this esteemed company has successfully provided over $22 billion in home loans to buyers hailing from various regions across the United States.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-53520" src="https://tower.10bestmortgage.com/wp-content/uploads/2023/10/Image-for-new-american-review.jpg" alt="Image-for-new-american-review" width="600" height="400" srcset="https://tower.10bestmortgage.com/wp-content/uploads/2023/10/Image-for-new-american-review.jpg 600w, https://tower.10bestmortgage.com/wp-content/uploads/2023/10/Image-for-new-american-review-768x512.jpg 768w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p>With an extensive presence, New American Funding operates over 200 physical branches across 31 states, while extending its online services to customers nationwide (excluding New York and Hawaii). This lender offers a diverse range of mortgage products, encompassing conventional fixed-rate and adjustable home loans, along with government-backed FHA and VA loans.</p>
<h3>Best for?</h3>
<p>New American Funding prides itself on catering to a diverse range of borrowers, with a particular focus on providing exceptional support to first-time buyers and the Latino community. The company&#8217;s agents are proficient in both English and Spanish, ensuring effective communication and understanding throughout the lending process. The company also actively addresses the challenges that Hispanic individuals face in attaining homeownership by offering tailored assistance and resources.</p>
<p>New American Funding recognizes the importance of supporting first-time homebuyers and has developed specific programs tailored to their needs. The company collaborates with state down-payment assistance programs in several states to further assist potential buyers.</p>
<h3>Product Offerings</h3>
<p>New American Funding offers a wide range of mortgage options to cater to diverse borrower needs. Available loans include VA, FHA, jumbo, fixed-rate, and adjustable-rate loans.</p>
<div class="buttono-wrapper" style="max-width:98%;" data-partner-icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-contact_number="(855) 307-0924" data-partner-real_tel="+18553070924" data-partner-link="https://www.newamericanfunding.com/lfj/sptwr-he/?refinance=32421785&purchase=32421799&phone=8553070924&utm_source=SPTWR&utm_medium=referral&utm_content=default&utm_campaign=SPTWR_HE_580+&lp=rf&lt=all&sub_id=&pub_id=&utm_term=default&sub_id=" data-partner-offer_name="new am" data-partner-offer_link="" data-partner-total_votes="388" data-partner-under button text="" data-partner-title="{bold: Direct lender, large variety of loan products}" data-partner-editor_choice_text_desktop="" data-partner-mobile_icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-mobile_title="Direct lender, large variety of loan products" data-partner-editor_choice_text_mobile="" data-partner-slide_down_title="" data-partner-slide_down_read_review="" data-partner-conversion_label="tNr9CPHLmPMYEK3N_dop" data-partner-adoric_event="" data-partner-partner_id="933" data-partner-caption="" data-partner-number_of_reviews="" data-partner-partner_name="New American Funding" data-partner-facebook_ad_event_name="" data-partner-under_button_text_font_size="0.7"  data-style-params="" data-logo-src="https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg" data-promote-text="" data-button-text="Get Rates " data-kidon-id="933" data-conversion-label="tNr9CPHLmPMYEK3N_dop" offer-id="" data-button-type=""><meta name="viewport" content="width=device-width, initial-scale=1" ><meta data-type="partner" ><div class="background-wrapper"><div class="border-wrapper"> <div id=6682e381f0d05 class="buttono-content" ><div class='buttono-logo__container'><a href='/' target='_blank'><img src='https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg' class='buttono-logo' style='width:50px; height:44px;'></a></div> <div class="main-content"><div class='col-md-6'><a href='/' target='_blank' class='buttono-promote-text__container'><p class='buttono-promote-text'>$</p></a></div><div class='buttono-link-container'><a href='/' target='_blank' class='buttono-link'>Get Rates </a></div></div></div><a href='/' target='_blank'><img class='buttono-image' src='/'></div></a></div></div>
<p><strong>Interest Only</strong></p>
<p>New American Funding offers the option of paying only the interest portion of the mortgage payment during an introductory term that can range from 5 to 10 years. This flexible payment structure provides borrowers with the freedom to choose when to allocate funds towards the principal loan amount.</p>
<p><strong>Cash Out Refinance</strong></p>
<p>Cash-out refinance and reverse mortgage are both options for homeowners to access their home equity and receive cash. With a cash-out refinance, borrowers replace their existing mortgage with a new one that has a higher loan amount than their current outstanding balance.</p>
<p><strong>Reverse Mortgage</strong></p>
<p>A reverse mortgage is a unique government-backed program designed for homeowners aged 62 or older. It allows them to convert a portion of their home equity into cash, providing a way to access the value they have built up in their home over the years.</p>
<div class="buttono-wrapper" style="max-width:98%;" data-partner-icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-contact_number="(855) 307-0924" data-partner-real_tel="+18553070924" data-partner-link="https://www.newamericanfunding.com/lfj/sptwr-he/?refinance=32421785&purchase=32421799&phone=8553070924&utm_source=SPTWR&utm_medium=referral&utm_content=default&utm_campaign=SPTWR_HE_580+&lp=rf&lt=all&sub_id=&pub_id=&utm_term=default&sub_id=" data-partner-offer_name="new am" data-partner-offer_link="" data-partner-total_votes="388" data-partner-under button text="" data-partner-title="{bold: Direct lender, large variety of loan products}" data-partner-editor_choice_text_desktop="" data-partner-mobile_icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-mobile_title="Direct lender, large variety of loan products" data-partner-editor_choice_text_mobile="" data-partner-slide_down_title="" data-partner-slide_down_read_review="" data-partner-conversion_label="tNr9CPHLmPMYEK3N_dop" data-partner-adoric_event="" data-partner-partner_id="933" data-partner-caption="" data-partner-number_of_reviews="" data-partner-partner_name="New American Funding" data-partner-facebook_ad_event_name="" data-partner-under_button_text_font_size="0.7"  data-style-params="" data-logo-src="https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg" data-promote-text="" data-button-text="Get Rates " data-kidon-id="933" data-conversion-label="tNr9CPHLmPMYEK3N_dop" offer-id="" data-button-type=""><meta name="viewport" content="width=device-width, initial-scale=1" ><meta data-type="partner" ><div class="background-wrapper"><div class="border-wrapper"> <div id=6682e381f13c1 class="buttono-content" ><div class='buttono-logo__container'><a href='/' target='_blank'><img src='https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg' class='buttono-logo' style='width:50px; height:44px;'></a></div> <div class="main-content"><div class='col-md-6'><a href='/' target='_blank' class='buttono-promote-text__container'><p class='buttono-promote-text'>$</p></a></div><div class='buttono-link-container'><a href='/' target='_blank' class='buttono-link'>Get Rates </a></div></div></div><a href='/' target='_blank'><img class='buttono-image' src='/'></div></a></div></div>
<p><strong>Buydown Loan</strong></p>
<p>Are you looking at a new home or thinking of refinancing your existing mortgage? Perhaps you&#8217;re also concerned about covering the costs of minor home repairs and improvements for your new property. New American Funding offers a solution through its Buydown Mortgage program. You have the opportunity to secure a lower payment rate specifically for the initial year of your mortgage.</p>
<p><strong>I CAN MORTGAGE</strong></p>
<p>New American Funding offers borrowers a wide range of available terms for their mortgage loans, ranging from 8 to 30 years. borrowers can receive expert advice and recommendations. These professionals take into account factors such as the borrower&#8217;s monthly budget and long-term financial goals when suggesting an appropriate mortgage solution.</p>
<p><strong>ADU Loan</strong></p>
<p>An Accessory Dwelling Unit (ADU) is a secondary, smaller dwelling that is either built on the same property as a primary single-family home or attached to it. ADUs typically have their own separate entrance, kitchen, and bathroom facilities. This can be particularly valuable in areas with high housing demand or limited housing supply.</p>
<p>&nbsp;</p>


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<h3>Applying for a Loan</h3>
<p>To initiate a loan application with New American Funding, interested borrowers have multiple options available to them. They can request an online quote by visiting the company&#8217;s website or reach out to New American Funding via phone, email, or by visiting one of their physical locations.</p>
<ul>
<li>The borrower provides essential documentation regarding their income, assets, expenses, and credit history. A loan officer carefully evaluates this information to determine if the borrower qualifies for a specific loan amount.</li>
<li>Once pre-approval is granted, New American Funding extends an official offer to the borrower. This offer outlines the purchase price, down payment, loan amount, deposit requirements, and the specific terms and conditions associated with the loan.</li>
<li>The borrower typically submits a deposit or opens an escrow account.</li>
<li>An underwriter carefully reviews the borrower&#8217;s file, assessing various factors such as creditworthiness, income verification, and the property&#8217;s appraisal.</li>
<li>Once the loan receives final approval, New American Funding initiates the transfer of funds.</li>
</ul>
<div class="buttono-wrapper" style="max-width:98%;" data-partner-icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-contact_number="(855) 307-0924" data-partner-real_tel="+18553070924" data-partner-link="https://www.newamericanfunding.com/lfj/sptwr-he/?refinance=32421785&purchase=32421799&phone=8553070924&utm_source=SPTWR&utm_medium=referral&utm_content=default&utm_campaign=SPTWR_HE_580+&lp=rf&lt=all&sub_id=&pub_id=&utm_term=default&sub_id=" data-partner-offer_name="new am" data-partner-offer_link="" data-partner-total_votes="388" data-partner-under button text="" data-partner-title="{bold: Direct lender, large variety of loan products}" data-partner-editor_choice_text_desktop="" data-partner-mobile_icon="https://tower.10bestmortgage.com/wp-content/uploads/2024/04/New-american-fundind-logo-with-grey-nmls.svg" data-partner-mobile_title="Direct lender, large variety of loan products" data-partner-editor_choice_text_mobile="" data-partner-slide_down_title="" data-partner-slide_down_read_review="" data-partner-conversion_label="tNr9CPHLmPMYEK3N_dop" data-partner-adoric_event="" data-partner-partner_id="933" data-partner-caption="" data-partner-number_of_reviews="" data-partner-partner_name="New American Funding" data-partner-facebook_ad_event_name="" data-partner-under_button_text_font_size="0.7"  data-style-params="" data-logo-src="https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg" data-promote-text="" data-button-text="Get Rates " data-kidon-id="933" data-conversion-label="tNr9CPHLmPMYEK3N_dop" offer-id="" data-button-type=""><meta name="viewport" content="width=device-width, initial-scale=1" ><meta data-type="partner" ><div class="background-wrapper"><div class="border-wrapper"> <div id=6682e381f1daf class="buttono-content" ><div class='buttono-logo__container'><a href='/' target='_blank'><img src='https://tower.10bestmortgage.com/wp-content/uploads/2023/08/New-american-new-logo.svg' class='buttono-logo' style='width:50px; height:44px;'></a></div> <div class="main-content"><div class='col-md-6'><a href='/' target='_blank' class='buttono-promote-text__container'><p class='buttono-promote-text'>$</p></a></div><div class='buttono-link-container'><a href='/' target='_blank' class='buttono-link'>Get Rates </a></div></div></div><a href='/' target='_blank'><img class='buttono-image' src='/'></div></a></div></div>
<h3>Repayment Terms</h3>
<p>New American Funding does not provide specific mortgage rates on its website. To determine prequalification rates, borrowers can submit a request for a rate quote through the company&#8217;s website. Alternatively, borrowers can directly contact a loan agent at New American Funding for personalized assistance.</p>
<p>&nbsp;</p>


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