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New American Funding, LLC. in Georgia

HMDA record for properties in Georgia, calendar year 2024. National record · Georgia overview

LEI 549300E2UX99HKDBR481
Reporting agency Department of Housing and Urban Development
State Georgia

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

New American Funding, LLC.'s 2024 HMDA record for Georgia covers 8,731 applications, 3,972 of them originated, worth $1.1bn.

Its denial rate in the state was 17.5%, below the Georgia rate of 26.9% across all lenders and compared with the lender's national rate of 20.9%.

The median rate spread on its Georgia originations was 0.6 percentage points (state median 0.4).

Applications in the state were up 14% on 2023.

8,731applications in GA, 20247.4% of the lender's total
3,972loans originated$1.1bn
17.5%denial rateGA all lenders 26.9%
0.6 ppmedian rate spreadGA 0.4 pp

Compared with the state and the lender's national record

MeasureIn GeorgiaGeorgia, all lendersNew American Funding, LLC., all statesUnited States
Denial rate17.5%26.9%20.9%24.3%
Median rate spread, pp0.60.40.70.3
Originations with spread of 1.5 pp or more17.7%17.5%20.0%15.6%
Average originated loan$275k$313k$282k$329k
Home purchase share73.8%57.0%70.9%57.0%
FHA-insured share38.0%18.3%30.6%13.4%
VA-guaranteed share14.6%11.6%8.3%7.9%

Trend by year

ApplicationsOriginations

05,50411,0082022: 11,008 Applications2023: 7,676 Applications2024: 8,731 Applications2022: 5,537 Originations2023: 4,019 Originations2024: 3,972 Originations202220232024
New American Funding, LLC. in Georgia: applications and originations, 2022–2024

This lender in stateGeorgia, all lenders

0%14.2%28.4%2022: 10.2% This lender in state2023: 11.6% This lender in state2024: 17.5% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Georgia

By purpose

Home purchase 74% (2,933)Home improvement 3% (129)Refinancing 3% (129)Cash-out refinancing 15% (594)Other purpose 5% (187)

By type

Conventional 47% (1,857)FHA 38% (1,510)VA 15% (578)USDA 1% (27)

Denial reasons as coded

Credit history59.5%
Debt-to-income ratio11.6%
Credit application incomplete8.3%
Other8.1%
Unverifiable information6.2%
Collateral5.4%
Employment history0.7%
Insufficient cash (downpayment, closing costs)0.2%
Mortgage insurance denied0%

Share of 855 denials in Georgia by first denial reason coded (outlined bar: all lenders in the state).

Counties in Georgia

CountyApplicationsOriginationsAmountDenial rate
Chatham County646408$125m6.5%
Fulton County776321$98m23.4%
Gwinnett County703285$89m21.2%
Henry County559272$81m13.4%
DeKalb County472181$47m21.0%
Cobb County424158$49m19.3%
Effingham County227152$47m9.0%
Clayton County355123$23m27.4%
Houston County211102$22m10.4%
Jackson County13896$31m5.8%
Liberty County13289$24m6.3%
Bryan County12383$29m6.7%
Long County9676$21m2.6%
Richmond County19067$12m25.0%
Newton County17466$18m23.9%
Columbia County14664$19m9.6%
Bibb County11160$12m17.6%
Paulding County16859$15m26.2%
Forsyth County16159$22m23.8%
Carroll County11859$15m11.9%
Hall County12156$16m16.4%
Muscogee County10655$11m19.1%
Walton County11852$17m26.4%
Rockdale County11849$13m20.3%
Cherokee County15046$15m29.9%
Coweta County10444$15m10.2%
Bulloch County7044$11m6.4%
Barrow County8443$14m18.5%
Douglas County13042$11m30.0%
Spalding County8036$9.1m12.2%
Troup County6335$8.5m11.9%
Butts County5833$7.8m10.8%
Fayette County8729$11m23.1%
Catoosa County6229$6.4m16.7%
Wayne County4029$5.6m9.4%
Walker County4723$4.7m7.4%
Bartow County4521$5.2m21.4%
Lowndes County4418$3.8m—
Jasper County3118$5.4m—
Glynn County4617$2.3m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did New American Funding, LLC. originate in Georgia in 2024?

3,972 loans totalling $1.1bn, from 8,731 applications reported for properties in Georgia.

What is New American Funding, LLC.'s denial rate in Georgia?

17.5% of decided applications in Georgia were denied, against 26.9% for all lenders in the state and 20.9% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Georgia counties does New American Funding, LLC. lend in most?

By originations: Chatham County (408), Fulton County (321), Gwinnett County (285), Henry County (272), DeKalb County (181).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Georgia. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.