AmeriFund Mortgage

AmeriFund Mortgage offers a free online pre-qualification. Their pre-qualification application is very simple and only takes a few minutes to complete. Once you complete your application, you will receive a pre-qualification. A pre-qualification can be an extremely helpful home buying tool. Not only does it allow you to know exactly how much you have to spend on your house, but it also gains clout with sellers. When sellers see that you have the funds to back up your bid, they will be more likely to take your offer seriously. Keep in mind that a pre-qualification is different from a pre-approval. A pre-approval involves an in-depth and lengthy application process, but comes with a guaranteed approval. A pre-qualification has a simpler application process, but comes with a loan quote, rather than approval.

Loans Funded by AmeriFund Mortgage

• Adjustable Rate Mortgage
• Balloon Mortgage
• Biweekly Mortgage—A bi-weekly mortgage is paid every two weeks, rather than monthly.  You will be paying the same amount that you would pay with a monthly mortgage, but you will end up paying less on interest. 
• Fannie 3/2—This loan has a 5% down payment, 2% of which may be from gift resources.  This loan is designed to help low to moderate income people become homeowners. 
• Fannie 97
• Fannie Mae’s Community Home Buyer’s—This is Fannie Mae’s signature low down payment program. This program is designed to help low to moderate income people overcome the two biggest barriers in becoming a homeowner: a lack of funds for a down payment and insufficient income to qualify.
• Fixed Rate Mortgage
• HomeStyle Renovation Mortgage—This mortgage combines two home loan transactions.  It allows you to combine a home purchase or refinance with a home improvement loan.  You can use the home improvement funds to make virtually any improvements on your home; the restrictions for this loan are much less severe than for regular home improvement loans.
• Interest First Fixed-Period Adjustable Rate Mortgage
• Interest First Fixed Rate Mortgage
• Low Down Payment: Flex 97
• Native American Housing Loans—This program is available for Native Americans.  It can be used to purchase property on unrestricted fee simple land, federally restricted trust land, and tribally restricted fee simple land.  This loan requires a 1% down payment from the borrower’s own resources.
• Reverse Mortgages
• Rural Housing Loans
• Debt Consolidation

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