Mortgage Loans In Miami

In this day and age, searching for the right home can prove to be a mission in and of itself. But searching for the right mortgage lender can prove to be even more difficult. There are many choices for you to choose from, especially in the city of Miami, where there are countless mortgage lenders in Miami, FL who are more than willing to offer you the best deal around. But even though such lenders and deals seem promising, it’s crucial you’re aware not all mortgage loans in Miami will offer the same set of terms and conditions. Plus, it’s equally crucial that you’re aware only one lender will prove to be the most beneficial out of all others. And if you’re burdened with trying to find the greatest Miami mortgage loan lender, then look no further than American Bancshares.

With the 20+ years of experience we’ve gained through our provided work as well as our deep devotion to empowering communities, you can put your full trust into our team of experts as they’re the premier Miami Dade mortgage lenders. If you’re curious to learn about why you should choose us as well as what services we provide, then continue reading below.

Why You Should Choose American Bancshares Mortgage Miami as Your Trusted MLO

Our American Bancshares Mortgage Miami lenders are widely known as one of the most reliable and highly established MLO in all of Miami Dade. For more than 20 years, our organization has helped to empower partners and even assist communities. And due to this, our work has extended far beyond the state of Miami.

American Bancshares mortgage loans in Miami were designed and created by industry experts who are deeply knowledgeable about the modern home financing market. Unlike a bank, American Bancshares only offers mortgage products, meaning that all our mortgage lenders in Miami are licensed and versed in mortgage lending. Also, they’re qualified to even offer you ethical and expert advice.  American Bancshares is also dedicated to assisting you in finding the right loan with the best rate, terms, and cost-effectiveness to fulfill your best interests.

Our deeply driven passion for assisting others comes from our core values of commitment, integrity, and transparency. Most of our staff members — including our senior management — have held every single position in the mortgage industry, allowing us to gain insight into the industry from all perspectives. And thanks to their in-depth knowledge, we’re able to effectively and efficiently adapt to industry trends while still being able to provide you with great service and first-in-class customer services that we’re so widely known for.

We possess leveraged technology to provide you with a simple, straightforward, online stress-free mortgage application experience. 

FHA Mortgage Loans in Miami

There’s a common myth that with low income and an even lower credit score, you’re not able to purchase a home. This, however, couldn’t be further from the truth. When you’re given a Federal Housing Administration (FHA) loan provided by an FHA-approved mortgage lender in Miami, you can trust that you’ll be able to purchase property easily when you’re financially disadvantaged.

FHA loans are designed to assist low-to-moderate income borrowers. They require a lower-than-standard down payment and if your credit score that’s at least 580, your down payment can likely turn out to be as low as 3.5%. Also, if you possess a credit score that’s lower (say, somewhere between 500-579) you can still qualify for an FHA loan so long as you’re able to make a 10% down payment.

As mortgage lenders in Miami, we’re deeply driven to continuously improve the quality of our communities. If you have a low credit score and need help paying for the acquisition of property, don’t hesitate at all to call us.

Jumbo Mortgage Loans in Miami

It seems impossible that you’re able to purchase the luxury home of your dreams when you have little in the bank to pay for it. But it is possible when you’re approved for a jumbo mortgage loan.

Jumbo mortgage loans in Miami are made to finance luxury property and even homes that are offered in highly-competitive local real estate markets. When you apply for once, you’ll undergo more rigorous and strict credit requirements than those applying for a conventional loan. However, because of the staff’s expertise as mortgage lenders in Miami, FL, American Bancshares mortgage Miami lenders will be able to indicate if you’re eligible for a jumbo mortgage loan or not. If you possess an above-average credit score and a very low debt-to-income ratio, you might be able to qualify for a jumbo mortgage.

USDA Mortgage Loans in Miami

One of the greatest and most popular mortgage loans in Miami is the USDA mortgage loan (also known as the USDA Rural Development Guaranteed Housing Loan Program). This mortgage loan is offered to rural property owners by the United States Department of Agriculture.

When you have this loan, you’re given a zero down payment mortgage if you’re eligible for the loan.

VA Mortgage Loans in Miami

If you are an active service member, a veteran, or even the surviving spouse of either/or, you may qualify for a VA mortgage loan in Miami.

Being recognized as the best mortgage lenders in Miami, FL doesn’t only come from hard work. It also comes from the acknowledgment and we acknowledge just how many amazing service members of the military have done for our nation. This is more than why American Bancshares will happily help you by navigating you through the complexities of VA mortgage loans in Miami.

VA mortgage loans in Miami are designed to be generous, providing you with no down payment, no mortgage insurance, no-prepayment penalties, and no limited closing costs. Regardless if you’re still in the military, a veteran, or even if you’re a surviving spouse, we can assist you.

Reverse Mortgage Loans in Miami

You’ve been a resident in your home for a while and now you’re burdened with keeping up with mortgage payments. But if you’re 62 or older and possess considerable home equity you can borrow against the value of your home in whatever payment type best fits you. Unlike standard mortgage loans in Miami, reverse mortgages don’t require you to make any loan payments.

In today’s day and age, you have to be careful when applying for a reverse mortgage loan. The Miami mortgage lender you seek service from in regards to reverse mortgages might attempt to scam you. This is why you should always receive a reverse mortgage from a reputable MLO in Miami.

When you speak with us, we’ll be able to indicate to you if a reverse mortgage is the best course of action.

Hire American Bancshares For Their Mortgage Loans in Miami

When you’re ready to purchase your desired property and need assistance from a qualified Miami mortgage lender, pick up the phone and call the experts over at American Bancshares. American Bancshares has been trusted by numerous clients for not only their professionalism and expertise but also for their devotion to helping you become a part of a better community. You can trust that with our deep knowledge and handiwork you’ll be delighted with our services. For any inquiries, you may call us at 1-833-937-2276 or request a free consultation online.