Loan options

I’m interested in an FHA Loan:


American Bancshares Mortgage is an FHA approved lender. FHA is a government agency that was created in 1934 to help facilitate growth in loan opportunities, by allowing an alternative to purchase a home with as little as 3.5% down payment and less than perfect credit.


  • As little as 3.5% down payment- funds can be a gift from a family member.

  • Less than perfect credit score.

  • Flexible debt to income ratios.

  • Seller contribution to closing cost is allowed.

I’m interested in a Conventional Loan


American Bancshares Mortgage is a Fannie Mae and Freddie Mac seller/servicers. We offer a variety of conforming mortgage loan products.


  • No upfront mortgage insurance.

  • No mortgage insurance with 20% down payment or lender can pay for your monthly mortgage insurance.

  • Competitive interest rates.

  • Lower cost.

  • Allows for higher loan amounts.

I’m a veteran or actively serving my country


American Bancshares Mortgage is a qualified VA Lender. In 1944 the US government created a military loan guarantee program to help qualified service member’s purchase a home.


  • Zero down payment.

  • No mortgage insurance.

  • Competitive interest rates.

  • Easy qualification criteria.

I want to purchase in a rural area


American Bancshares is a USDA guaranteed approved lender. USDA loans provide low to moderate income borrowers affordable housing options, must meet certain eligibility guidelines.


  • Zero down payment.

  • No cash reserves.

  • Finance closing cost.

Looking for a loan over $510,000 jumbo loan


American Bancshares offers jumbo loans. Discuss your financing options with one of our mortgage professionals.

I'm over 62 years old


American Bancshares Mortgage offers reverse mortgages to those that are 62 or older. HECM works like an annuity and can help you tap into the equity and enjoy a better quality of life through retirement.


  • Take out your equity now.

  • Eliminate mortgage payments.



American Bancshares mortgage is an FHA approved direct endorsed mortgage lender, we offer Fha rate and term refinance and streamline refinances.


  • Rate term refinance available up to 97.750%

  • Streamline refinance does not require and appraisal.

  • Cash out available depending on type of refinance.



American Bancshares Mortgage is a FNMA seller servicer, we offer conventional rate term refinance and also cash out refinance.


  • Maximum loan amount $510,000.

  • LTV restrictions depending on type of refinance.

  • Eliminate PMI if your home has appreciated in value.

  • Cash out of the property if you have enough equity.



American Bancshares is a VA approved mortgage lender, we offer Interest rate reduction loans known as IRRL and and cash out loans as well.


  • 100% cash out available to qualified borrowers.

  • Interest rate reduction loan with no cash out and limited amount of paper work required.

Getting Started:


American Bancshares Mortgage is here to help you make your dream of homeownership a reality; it all begins with our online stress-free mortgage application.

Buying or refinancing a home does not have to be stressful, we have taken out the stress and replaced it with joy- at American Bancshares the mortgage application process is joyful!

The best way to start the process is to gather all your financial documents, for the borrower and co-borrower, speak to your Mortgage Loan Originator and complete the online mortgage application. Additional documents may be needed later in the process.

Things to keep in Mind during the Loan Manufactoring process:


Documentation Checklist

The following information is usually required during the loan process. Not all documents may be required for every situation. If you have any questions our staff will be happy to assist you.

Identification Documents:

  • Copy of your Social Security card

  • Copy of your Driver’s License

  • Copy of your Resident Alien Card, if not a US Citizen

Income Documents:

  • Your IRS 1040 Tax Returns for the most recent two years, include all schedules and attachments

  • If self-employed- year to date profit and loss statement, plus signed returns for the last two years

  • Your IRS Form W2's and/or 1099's for the most recent two years

  • Most recent consecutive 30 days’ pay stubs (if applicable)

  • If you receive any other income provide information- pension, social security, child support, stocks, bonds, dividend

  • Name, address, telephone numbers for all employment held during the past two years. If a gap of employment greater than 30 days exists, detail dates and reason for gap.

Asset Documents:

  • Bank statements for the most recent two months be sure to provide all pages front and back

  • Provide source of funds for any large deposits not part of your employment income

  • Investment account statements for the past two months (if applicable)

  • Retirement account statements for the past two months (if applicable)

  • Copy of escrow check pursuant to a Purchase and Sale Agreement (if applicable)

Credit Documents:

  • Copy of Bankruptcy Discharge (if applicable)

  • Copy of Divorce Decree and Settlement Agreement (if applicable)

  • Copy of Child Support document (if applicable)

  • Copy of Litigation (if applicable)

If you currently own Real Estate:

  • Mortgage account information

  • Home insurance policy information

  • Home equity account information (if applicable)

  • Copy of most recent Survey (if applicable)

  • Owners Title Policy


  • Copy of fully executed Purchase and Sale Agreement with all addendums and copy of earnest money deposit

  • Certificate of Eligibility, if you are applying for a VA loan

  • Letters of explanation for any derogatory credit events such as foreclosure, short sale, judgments, collection and / or late payments

  • Landlord information for the past two years: Name, Mailing address, Phone Number, Email Address

  • Paper Trail for Gift funds: Talk about down payment with your mortgage loan originator- if part of the money for your down payment or closing cost is coming from a gift discuss with mortgage loan originator. There are specific rules and instructions on how to handle gift funds

  • Additional monthly debt that is not reported on your credit report: IRS payments, child support, private loans, etc

Loan Process Tips:

  • When asked for documents always provide them promptly, provide all pages front and back,never cross out or alter the documents in any way

  • Documents often expire, therefore you might be asked for upated documents during the process

  • Do not apply for new credit, or make huge purchases during the loan process

  • Start shopping around for Homeowners and Flood insurance quotes if applicable

  • All bank statements will be scrutinezed and any funds outside of employemnt income will be questioned and an explanation of the souce will be requested

To receive a loan estimate you need to submit only six key pieces of information:

  • Your Name

  • Your Income

  • Your Social Security Number

  • Address of the home being purchased or refinanced

  • An Estimate of the home’s value

  • The loan amount you want to borrow




NMLS No. 217378  (

Copyright © 2019 American Bancshares Mortgage, LLC, d/b/a ABSM, LLC and ABSM is a Licensed Mortgage Lender. NMLS No.217378.