New American Funding: 2025 mortgage rates, costs & approvals
How New American Funding priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: Broker Solutions, Inc. · LEI 549300E2UX99HKDBR481 · New American Funding, LLC (formerly Broker Solutions Inc. dba New American Funding), NMLS #6606 (source 1, source 2)
In 2025, New American Funding originated 40,605 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 51 states — 17th by volume among the 2,017 lenders profiled here.
On conventional 30-year fixed purchase loans its median rate was 6.75% (all lenders: 6.625%); its median rate spread was 27 basis points above the national median. Median conventional loan costs were $6,330, 14% higher than the national median ($5,570).
It denied 5.0% of completed home-purchase applications (all lenders: 8.5%).
How New American Funding priced home-purchase loans
| Purchase loans, 2025 | New American Funding | All lenders |
|---|---|---|
| 30-year fixed rate · conventional | 6.750% | 6.625% |
| 30-year fixed rate · FHA | 6.625% | 6.250% |
| 30-year fixed rate · VA | 6.500% | 6.125% |
| 15-year fixed rate · conventional | 5.990% | 5.875% |
| Rate spread vs. APOR · conventional | +0.40 pts | +0.13 pts |
| Total loan costs · conventional | $6,330 | $5,570 |
| Total loan costs · FHA | $11,950 | $11,310 |
| Total loan costs · VA | $9,310 | $6,490 |
| Origination charges (all types) | $3,250 | $1,860 |
| Borrowers paying discount points | 62.0% | 51.3% |
| Points paid, when paid (% of loan) | 1.00% | 0.87% |
| Borrowers receiving lender credits | 21.9% | 33.1% |
Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.
Loan mix and borrowers
By loan type
By purpose
Why New American Funding denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where New American Funding lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| Texas | 3,938 | 4,466 | 5.0% | 6.750% | $7,860 |
| California | 3,131 | 3,500 | 2.5% | 6.750% | $8,480 |
| Georgia | 2,823 | 3,223 | 5.0% | 6.625% | $6,500 |
| Illinois | 2,797 | 3,101 | 4.7% | 6.875% | $5,850 |
| Florida | 2,635 | 3,186 | 7.7% | 6.750% | $7,600 |
| Missouri | 2,010 | 2,198 | 4.5% | 6.875% | $4,470 |
| Pennsylvania | 1,687 | 1,931 | 4.7% | 6.625% | $6,050 |
| Minnesota | 1,533 | 1,635 | 2.0% | 6.750% | $6,000 |
| Washington | 1,143 | 1,276 | 5.6% | 6.875% | $7,770 |
| Ohio | 1,135 | 1,349 | 4.8% | 6.875% | $5,570 |
| Tennessee | 1,095 | 1,238 | 4.6% | 6.625% | $6,250 |
| North Carolina | 1,083 | 1,302 | 5.1% | 6.625% | $6,680 |
| Iowa | 1,061 | 1,133 | 3.0% | 6.750% | $4,130 |
| Colorado | 1,052 | 1,130 | 1.7% | 6.625% | $6,460 |
| New Jersey | 985 | 1,165 | 5.5% | 6.875% | $6,870 |
| Massachusetts | 871 | 1,004 | 4.7% | 6.750% | $5,620 |
| Indiana | 836 | 1,001 | 5.6% | 6.875% | $5,150 |
| New York | 822 | 904 | 5.6% | 6.750% | $8,080 |
| Arizona | 771 | 895 | 6.8% | 6.750% | $6,870 |
| Kentucky | 761 | 885 | 6.3% | 6.875% | $5,560 |
| Nevada | 748 | 842 | 4.6% | 6.750% | $7,490 |
| Virginia | 660 | 809 | 8.1% | 6.625% | $6,390 |
| Alabama | 657 | 784 | 5.8% | 6.750% | $4,950 |
| South Carolina | 635 | 741 | 5.0% | 6.875% | $6,120 |
| Michigan | 552 | 719 | 9.5% | 6.750% | $4,900 |
| Maryland | 433 | 584 | 8.9% | 6.625% | $6,650 |
| Wisconsin | 411 | 530 | 7.6% | 6.875% | $4,380 |
| Mississippi | 401 | 488 | 7.8% | 6.990% | $6,230 |
| Oregon | 377 | 418 | 4.3% | 6.875% | $5,860 |
| Connecticut | 371 | 473 | 6.5% | 6.625% | $6,190 |
| Utah | 364 | 408 | 2.4% | 6.625% | $7,590 |
| Oklahoma | 360 | 452 | 8.6% | 6.875% | $6,000 |
| Maine | 295 | 340 | 3.4% | 6.750% | $4,590 |
| Arkansas | 243 | 292 | 5.2% | 6.750% | $4,580 |
| Louisiana | 216 | 303 | 8.2% | 6.990% | $5,500 |
| Kansas | 203 | 264 | 4.6% | 6.875% | $4,060 |
| New Mexico | 196 | 247 | 4.3% | 6.625% | $6,010 |
| Idaho | 189 | 226 | 4.0% | 6.750% | $7,060 |
| West Virginia | 187 | 232 | 7.3% | 6.990% | $4,790 |
| New Hampshire | 169 | 197 | 5.8% | 6.625% | $4,570 |
| Delaware | 164 | 205 | 5.3% | 6.750% | $6,480 |
| Rhode Island | 132 | 149 | 4.8% | 6.990% | $6,740 |
| Nebraska | 110 | 135 | 5.9% | — | $4,200 |
| Montana | 101 | 124 | 5.1% | 6.740% | $7,060 |
| North Dakota | 60 | 73 | 2.3% | — | — |
| Wyoming | 51 | 60 | 3.0% | — | — |
| Vermont | 48 | 59 | 6.3% | — | — |
| Alaska | 34 | 42 | 5.0% | — | — |
| South Dakota | 32 | 51 | — | — | — |
| District of Columbia | 21 | 30 | — | — | — |
| Hawaii | 16 | 25 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open New American Funding's page for that state.
Counties where New American Funding is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Wibaux County, MT | 1 | 1 | 33.3% |
| Roseau County, MN | 1 | 47 | 32.0% |
| Hooker County, NE | 2 | 1 | 25.0% |
| Pennington County, MN | 2 | 26 | 23.4% |
| Clay County, IL | 1 | 17 | 20.7% |
| Hodgeman County, KS | 3 | 1 | 20.0% |
| Wallace County, KS | 2 | 1 | 20.0% |
| Logan County, NE | 2 | 1 | 20.0% |
| Rawlins County, KS | 1 | 2 | 18.2% |
| Wheeler County, OR | 2 | 2 | 18.2% |
| Lake of the Woods County, MN | 2 | 7 | 17.1% |
| Mineral County, CO | 3 | 2 | 16.7% |
| Moultrie County, IL | 1 | 21 | 14.7% |
| Kittson County, MN | 2 | 5 | 14.3% |
| Calhoun County, IL | 3 | 4 | 14.3% |
Check New American Funding yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI 549300E2UX99HKDBR481.
- NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
- CFPB Consumer Complaint Database — search complaints by company name.
- Compare your Loan Estimate from New American Funding with similar 2025 loans.
This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.
Lenders of similar size
Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology