Mortgage Loan

Mortgage Loans

Mortgage Loan

Finding the right mortgage loan is the first step to home ownership.  AMA will help you find low competitive interest rates with low down payments.  Compare our mortgage loan programs which has access to a wide variety of loans from No Score Credit loans, to loans with credit scores as low as 500.  We offer offer a mortgage loan for just about anyone looking for a loan.  Some of our loan programs are FHA, VA, USDA, Conventional, Non-Prime and many more.

Mortgage Loan Programs

Mortgage Loan Programs Easier Qualifying Flexible Loan Option Competitive Interest Rate Low Down Pmt/Equity Fast Approval Apply Online
Federal Housing Administration (FHA):
An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment.
FHA HIGH BALANCE:
500 FICO up to 90.00% LTV; 580 FICO up to 96.50 % LTV; No restrictions on gift funds; Manual underwriting; Non-traditional credit; W-2 programs available*; Manufactured homes may be eligible;
Yes easy qualifying Yes Yes Yes Very Low Down Payment Apply Now
FHA STREAMLINES:
No minimum FICO if no lates in past 6 months; Non-owner occupied OK up to 125%; Odd year terms available; Close any day of month - we pay the per diem;
Yes easy qualifying Yes Yes No Down Payment Apply Now
FHA 203K FULL DOC:
500 FICO up to 90.00% LTV; 580 FICO up to 96.50% LTV; Minimum total repair cost is $5,000.00; Maximum total repair cost is 50% of "Subject to" appraised value; Max DTI 45%/49.99% with 620 FICO **
Yes easy qualifying No Yes Yes Very Low Down Payment Apply Now
FHA 203K LIMITED:
500 FICO up to 90.00% LTV; 580 FICO up to 96.50% LTV; Minimum total repair cost $5,000.00; Improvementsts/upgrades up to $35,000.00; Maximum DTI 45%/49.99% with 620 FICO**; Manufactured homes capped at $10,000.00;
Yes easy qualifying No Yes Yes Very Low Down Payment Apply Now
Department of Veterans Affairs (VA): A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). ... The loan may be issued by qualified lenders.
VA HIGH BALANCE:
500 FICO up to 100% LTV; Cash out up to 100% LTV; No restrictions on gift funds; Manual underwriting; Non-traditional credit; W2 programs available*; Exceed country loan loam limits up to $1.2 Million; Manufactured homes may be eligible;
Yes easy qualifying No Yes No Down Payment Apply Now
VA IRRRLS:
No minimum FICO if current during closing month; No asset verification; Non-owner occupied OK up to 125% LTV; Odd year terms available; Close any day of month, we pay per diem;
Yes easy qualifying No Yes No Down Payment Apply Now
United States Department of Agriculture (USDA): USDA loans are zero-down-payment mortgages for rural and suburban homebuyers. ... USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
USDA:
Minimum 550 FICO up to 100% LTV; No down payment for qualified borrower; Income Limits; Must be in USDA approved area only; Manufactured homes may be eligible;
Yes easy qualifying No Yes No/Low Down Payment Apply Now
USDA STREAMLINED-ASSIST:
No minimum FICO if no lates in past 12 months; No LTV restriction; 30 year term only; Current USDA loan loan in eligible state required***; Finance discount points;
Yes easy qualifying No Yes No Down Payment Apply Now
Conventional Loan: A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate.
CONVENTIONAL & HIGH BALANCE:
Minimum 620 FICO required; DU approved/eligible; NOO/second homes OK; Max ratios: DU approved/eligible; LP Streamline documentation accepted; W2 programs available*; Transfer appraisals accepted**; Appraisal waiver with DU findings**;
Yes easy qualifying No Yes Low Down Payment Apply Now
HOMEREADY 97% LTV:
Mininum 620 FICO up to 97% LTV; AUS approved/eligible; First-Time Homebuyers; DTI max up to 50.00%; Meet MI guidelines; Gift funds allowed; Price adjustment caps;
Yes easy qualifying No Yes Low Down Payment Apply Now
HOME POSSIBLE:
Maximum LTV and CLTV of 95%; 1-4 units, condos & planned unit developments; 15 to 30 year fixed rate mortgages; Home Purchase and Rate/Term Refinance only for borrowers who occupy the property; Reserves required for 1-unit properties;
Yes easy qualifying No Yes Low Down Payment Apply Now
HOME POSSIBLE ADVANTAGE:
Maximum LTV of 97%; CLTV 105%; 1-unite properties, condos and planned unit developments; manufactured homes not eligible; Up to 30 year fixed rate mortgages; Home Purchase and Rate/Term Refinance only for borrowers who will occupy the property; No reserves required for 1-unit properties; Seller concessions available up to a maximum of 9%;
Yes easy qualifying No Yes Low Down Payment Apply Now
*Available to W-2 wage earners only.
**Check with your Account Executive Mortgage Program matrix for program details.
*** Not eligible in ND and MA.
LOAN PROGRAMS
FHA Simple Refinance | FHA $100 Down | DU Refinance Plus
Lender-Paid Mortgage Insurance | Texas Home Equity | Freddie Mac Open Access
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American Mortgage Association is a membership news and information marketing service for consumers seeking information about home mortgages and related financial matters.

American Mortgage Association offers unique mortgage advice, information, resources and news, financial tools and updated home loan rate information, American Mortgage Association provides a comprehensive resources for borrowers seeking to equipped themselves with the information they need to make the best mortgage financing decisions for themselves and their families.

Our comprehensive network of local banks, wholesale mortgage lenders, brokers and other financial professionals in all 50 states means you can find someone who is close, convenient and competitive providing the best home mortgage loan rates and terms available. We offer online mortgage loan services! Although we aren't a mortgage lender or mortgage broker, we provide a conduit between consumers and lenders and serve as an independent source of information and resources to help make real estate finance a successful endeavor.

What do I need to know about home financing?

How much can I really afford?

Factor in your income, down payment amount and existing debts to calculate what purchase price and payment makes sense for your budget.
The importance of your credit score

Knowledge is power that nets you negotiating leverage with lenders. Get your free credit score and keep track of it.
Get a better interest rate

Interest rates are always changing. If you’re stuck paying a high interest rate on your loan, you should check your options. You could save a lot every month.
Smaller down payment

You can put as little as 3.5% down. It doesn’t even have to be your own money – the down payment can be a gift or loan.
Is an FHA loan right for me?

If you need to finance more than 80 percent of your home’s purchase price or appraised value, an FHA loan might be right for you.
What about VA mortgages?

If you’re an eligible veteran and need to finance more than 80 percent of your home’s purchase price or appraised value, a VA loan may be a good option for you.

Mortgage Loan