Name of the lender

New American Funding, LLC. in IllinoisMortgage rates, total loan costs and denial rate for homes in Illinois, 2025

HMDA year2025

StateIllinois

Head office: Tustin, CA
Reporting agency: Department of Housing and Urban Development (HUD)
Legal Entity Identifier (LEI)

All states of this lender

New American Funding, LLC. reported 6,886 applications for homes in Illinois in the HMDA data of 2025.

It originated 3,581 loans in the state in 2025, for $835 million in total.

The median interest rate of these loans in 2025 was 6.750%, and the median of all lenders in Illinois was 6.500%.

The median total loan costs in 2025 were $6,395, and the state median was $5,928.

It denied 13.6% of the applications that it decided in the state in 2025, and the state denial rate was 21.7%.

Filed figures of New American Funding, LLC. in Illinois, 2025
Figure	In IL	Lender, all states	IL, all lenders
Applications	6,886	140,813	395,939
Loans originated	3,581	57,460	232,591
Median interest rate	6.750%	6.750%	6.500%
Median total loan costs	$6,395	$8,674	$5,928
Denial rate	13.6%	17.9%	21.7%

HMDA data are generally not used alone 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.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

PricingMedians of 2025 loans in IL

Pricing medians of New American Funding, LLC. in Illinois, 2025Each value has the median of all lenders in Illinois under it.
Loans	Loans in the medians	Interest rate	Total loan costs	Origination charges	Discount points, of the loans with points	Lender credits, of the loans with credits	Rate spread, points
All loans in IL	3,056	6.750%IL 6.500%	$6,395IL $5,928	$1,697IL $1,640	$1,528IL $1,699	$526IL $550	0.662IL 0.290

Medians are for originated closed-end loans with a first lien. Reverse mortgages, open-end lines of credit and loans for a business purpose are not in the medians. A median needs 20 loans.

The median rate spread was 0.662 percentage points above the average prime offer rate. On a loan of $300,000, that is about $1,986 more a year, or $166 more a month.

The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different.

Action taken and loan types

Records in Illinois by the action taken
Action taken	Records	Share
1Loan originated	3,581	52.0%
2Application approved but not accepted	54	0.8%
3Application denied	570	8.3%
4Application withdrawn by applicant	1,418	20.6%
5File closed for incompleteness	1,263	18.3%
6Purchased loan	0	0.0%
7Preapproval request denied	0	0.0%
8Preapproval request approved but not accepted	0	0.0%

Applications in Illinois by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	3,865	2,339	8.6%
FHA-insured	2,615	1,009	23.7%
VA-guaranteed	350	187	12.2%
USDA Rural Housing Service or Farm Service Agency guaranteed	56	46	6.0%

Counties in Illinois

Counties of New American Funding, LLC. in Illinois with 25 applications or more, 2025In order of the names.
County	Applications	Loans originated	Amount	Denial rate
Boone County	30	10	$1.9 million	n/a
Champaign County	453	315	$63.0 million	6.5%
Christian County	29	14	$1.5 million	n/a
Clay County	37	26	$2.9 million	10.3%
Coles County	51	33	$4.2 million	2.9%
Cook County	1,878	840	$306 million	17.0%
De Witt County	29	17	$2.0 million	n/a
DeKalb County	60	32	$6.0 million	8.6%
Douglas County	39	28	$3.4 million	12.5%
DuPage County	301	152	$52.1 million	7.1%
Effingham County	57	36	$6.6 million	12.2%
Ford County	35	29	$4.8 million	6.5%
Franklin County	38	11	$965,000	n/a
Grundy County	29	13	$2.7 million	n/a
Henry County	44	31	$4.9 million	5.9%
Jersey County	38	25	$3.6 million	0.0%
Kane County	172	83	$22.6 million	16.7%
Kankakee County	44	16	$2.5 million	n/a
Kendall County	61	18	$5.8 million	40.6%
Knox County	25	14	$2.0 million	n/a
Lake County	280	124	$47.2 million	11.4%
LaSalle County	28	10	$2.0 million	n/a
Macon County	275	184	$24.7 million	9.8%
Macoupin County	53	29	$4.3 million	19.4%
Madison County	481	313	$53.3 million	8.5%
Marion County	42	15	$2.3 million	n/a
McHenry County	198	107	$27.7 million	8.3%
McLean County	46	26	$3.9 million	10.3%
Mercer County	29	18	$2.4 million	n/a
Monroe County	28	14	$3.1 million	n/a
Moultrie County	30	23	$4.3 million	8.0%
Peoria County	51	26	$2.9 million	18.2%
Piatt County	41	32	$6.1 million	3.0%
Rock Island County	161	102	$16.0 million	13.3%
Sangamon County	107	69	$10.7 million	9.2%
St. Clair County	333	195	$31.3 million	14.0%
Tazewell County	63	26	$3.3 million	21.2%
Vermilion County	95	56	$6.2 million	9.7%
Will County	311	136	$36.2 million	15.9%
Winnebago County	115	31	$4.7 million	34.0%

Figures by year

New American Funding, LLC. in Illinois by HMDA year"n/a" shows a year with fewer than 25 applications in the state.
Year	Applications	Loans originated	Amount	Median interest rate	Median total loan costs	Denial rate
2025	6,886	3,581	$835 million	6.750%	$6,395	13.6%
2024	5,734	2,907	$600 million	n/a	n/a	15.4%
2023	2,702	1,274	$198 million	n/a	n/a	16.3%
2022	3,052	1,321	$222 million	n/a	n/a	16.5%

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender in this state, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.

Cite this page

Page: Lender Register, "New American Funding, LLC. in Illinois: mortgage rates, 2025", https://lenderregister.com/lender/549300e2ux99hkdbr481-new-american-funding-llc/il/
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. They are the records of this LEI for homes in Illinois. This site withholds a figure with fewer than 25 applications. Method of the figures. Terms. Report an error.

Questions

What share of the loans of New American Funding, LLC. were in Illinois in 2025?: 3,581 of its loans originated, out of 57,460 in all states. That is 6.2%.
In which counties of Illinois did New American Funding, LLC. originate the most loans in 2025?: The three with the most loans were Cook County (840), Champaign County (315) and Madison County (313).
Which loan types did New American Funding, LLC. originate in Illinois in 2025?: 2,339 conventional, 1,009 FHA, 187 VA and 46 USDA.
How did the applications of New American Funding, LLC. in Illinois change from 2022 to 2025?: It reported 3,052 applications in 2022 and 6,886 in 2025.