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.

Highlights

  • 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
Apply Now

I’m interested in a Conventional Loan:

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

Highlights

  • No upfront mortgage insurance
  • No mortgage insurance with 20% down payment or lender paid mortgage insurance
  • Competitive interest rates
  • Lower cost
  • Allows for higher loan amounts
Apply Now

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.

Highlights

  • Zero down payment
  • No mortgage insurance
  • Competitive interest rates
  • Easy qualification criteria
Apply Now

I want to purchase in a rural area:

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

Highlights

  • Zero down payment
  • No cash reserves
  • Finance closing cost
Apply Now

Looking for a loan over $510,400:

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

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I’m over 62 years old, what are my options?

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

Highlights

  • Take out your equity now
  • Eliminate mortgage payments
Apply Now

FHA:

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

Highlights

  • Rate term refinance available up to 97.750%
  • Streamline refinance does not require an appraisal
  • Cash-out available depending on type of refinance
Apply Now

Conventional:

American Bancshares Mortgage is a Fannie Mae and Freddie Mac Seller/Servicer, we offer conventional rate term refinance and also cash-out refinance.

Highlights

  • Maximum loan amount $510,400
  • 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
Apply Now

VA:

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

Highlights

  • 100% cash-out available to qualified borrowers
  • Interest rate reduction loan with no cash-out and limited amount of paper work required
Apply Now

Our passion for growing communities

Servicing the community is driven by our core values of commitment, integrity, and transparency. Many of our team members and most of our senior management have sat in every chair of the mortgage industry, providing us with a full understanding of the business from all aspects. This in-depth knowledge is what allows us to quickly and efficiently adapt to industry change, while constantly providing you with superior processes and first-in-class customer service.

We have leveraged technology to bring you a simple, straightforward, online stress-free mortgage application experience.

Free Consultation

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