Mortgage Loans In Washington DC

In this modern age, looking 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 challenging. There are numerous choices for you to select from, especially in the city of Washington DC, where there are numerous mortgage lenders in Washington DC who are more than willing to offer you the greatest deal around. But while such lenders and deals appear promising, it’s imperative that you’re aware not all mortgage loans in Washington DC will offer the same set of terms and conditions. Additionally, it’s equally crucial that you’re aware only one lender will prove to be the most advantageous out of all others. And if you’re frustrated with trying to find the best Washington DC 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 dedication to empowering communities, you can put your full trust into our team of professionals as they’re the premier Washing DC 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 as Your Trusted Mortgage Lenders in Washington DC

Our Washington DC mortgage loan lenders are widely recognized as one of the most trustworthy and highly established MLO in all of Washington DC. For 20+ years, American Bancshares has helped empower partners and even help communities. And because of this, our work has extended far beyond the state of Washington DC.

American Bancshares’ mortgage loans in Washington DC were designed and created by industry professionals who are deeply knowledgeable about the modern home financing market. Unlike banks, American Bancshares offers only mortgage products, meaning that all our mortgage lenders in Washington DC are licensed and versed in mortgage lending. Moreover, they’re also qualified to even offer you ethical and expert advice and are also devoted to helping you find the right loan with the best rate, terms, and cost-effectiveness to fulfill your best interests.

Our deeply driven passion for helping others comes from our core values of commitment, integrity, and transparency. The majority of our staff — 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 changes while still being able to provide you with the best 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 Washington DC

There’s a common misconception that with low income and an even lower credit score, you’re able to purchase a home. This, however, couldn’t be further from the truth. When you’re provided with a Federal Housing Administration (FHA) loan provided by an FHA-approved mortgage lender in Washington DC, 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.

Being mortgage lenders in Washington DC, we’re deeply driven to continuously improve the quality of our communities. If you have a low credit score and are in need of assistance in order to pay for the acquisition of property, don’t hesitate at all to call us.

Jumbo Mortgage Loans in Washington DC

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 Washington DC 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 Washington DC, our staff 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 Washington DC

One of the best and most popular mortgage loans in Washington DC is the USDA mortgage loan (also referred to 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 Washington DC

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 Washington DC.

Being known as the best Washington DC mortgage loan lender doesn’t just come from hard work. It also comes from acknowledgment, and we acknowledge just how much amazing service members of the military have done for our nation. This is why American Bancshares will gladly assist you by guiding you through the complexities of VA mortgage loans in Washington DC.

VA mortgage loans in Washington DC 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 Washington DC

You’ve been living in your home for quite some time and now you’re troubled 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 your needs. Unlike standard mortgage loans in Washington DC, 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 Washington DC 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 Washington DC.

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 Washington DC

When you’re ready to purchase your desired property and need assistance from a qualified mortgage lender in Washington DC, 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. For any inquiries, you may call us at 1-833-937-2276 or request a free consultation online.