New American Funding Review
A+ BBB · Full-service lender
New American Funding is a large, well-capitalized lender that offers reverse mortgages as one part of a broad product menu. That breadth is the appeal: borrowers who want a single full-service lender for multiple needs may find it convenient.
It holds an A+ BBB rating and roughly 94% positive reviews — strong numbers, though a notch below the specialist standouts on this list. Its size brings stability and wide availability, with the usual caveat that experience can vary across a big organization.
If you value the reassurance of a large, diversified institution and may want other mortgage products down the road, New American Funding is a sensible pick. As always, compare its quote against a specialist's.
Pros & cons
Pros
- Large, stable, well-capitalized institution
- A+ BBB rating
- Broad full-service product menu
- Wide availability
- Solid ~94% positive reviews
Cons
- Reverse is not its sole focus
- Higher complaint volume than specialists
- Experience varies across the organization
How New American Funding scored
The bottom line
A dependable big-lender option. Strong fundamentals, though dedicated reverse specialists may edge it out on personal service.