The Mortgage Record
Lender report card · New Jersey

New American Funding, Llc.

Tustin, CA · What the federal mortgage record shows about how New American Funding, Llc. treated New Jersey applicants, 2018–2025 — 6,666 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
79.0%
5,264 approved
Denial rate
21.0%
1,402 denied
Decisions
6,666
2018–2025
Avg. rate spread
+0.50 pp
vs. market benchmark
79.0% approved
21.0% denied

Share of 6,666 New Jersey applications New American Funding, Llc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional85.7% of 4,168 · NJ 87%FHA65.8% of 2,225 · NJ 79%VA83.0% of 259 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

63%69%75%81%87%66%86%88%86%74%71%68%80%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, New American Funding, Llc.’s rates ran +0.08 pp higher than the typical New Jersey lender (average rate spread +0.50 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who New American Funding, Llc. approves

By income
Under $50k47.7% · 669$50–75k73.3% · 1,081$75–100k78.0% · 1,208$100–150k84.6% · 1,880$150–250k88.3% · 1,304$250k+91.1% · 414
By debt-to-income
Under 36%85.8% · 2,00336–43%87.3% · 1,41343–50%87.2% · 1,806Over 50%44.5% · 1,184
By down payment (LTV)
20%+ down75.2% · 4,11910–20% down84.9% · 6615–10% down90.2% · 5903–5% down89.2% · 789Under 3% down77.0% · 331

Why New American Funding, Llc. denied applications

Credit history59% of denialsDebt-to-income ratio33% of denialsIncomplete application18% of denialsUnverifiable information8% of denialsCollateral (value/type)8% of denialsOther8% of denials

Where New American Funding, Llc. lends in NJ

CountyDecisionsApproval
Camden County61281.0%
Burlington County56379.0%
Ocean County52076.7%
Middlesex County49978.2%
Gloucester County47085.3%
Monmouth County45380.8%
Essex County45074.4%
Bergen County43580.9%

Fees & closing costs

Median total loan costs
$8,074
home purchase
As % of loan
2.84%
NJ median 1.93%
Priced originations
2,632
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on New American Funding, Llc.’s home-purchase originations — 0.90 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,000. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare New American Funding, Llc. to other lenders for your profile

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by New American Funding, Llc. (LEI 549300E2UX99HKDBR481). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →