Loan Products and Services

CONSUMER LOANS

Automobile, Boat and RV Loans
Personal Lines of Credit
Unsecured Loans

RESIDENTIAL LOANS

Construction
Home Equity Line of Credit
Home Improvement Loans
Permanent Home Mortgage’s (purchase & refinance)

COMMERCIAL LOANS

Construction
Real Estate Term Loans
Equipment, Receivables, and Inventory Loans
Lines of Credit
Letters of Credit
SBA 504 Term Loans

 

BUYERS ADVANTAGE PROGRAM:

Rates as Low as 5.75%**
**(With an AmFirst Bank Auto-Debit Account)
(Interest Rate 5.99% for 24 months, then 6.99% for remaining 36 months without an account)

Five (5) Year Balloon Product
(Five (5) Year Term, 30 Year Amortization)
(Loan Amounts to $1,500,000.00)

Example of Repayment with 5.75% Interest Rate: Loan Amount of $1,000,000 and annual percentage rate (APR)
of 6.308%, 24 monthly payments of $5,839, and 35 monthly payments of $6,460 and one (1)  balloon payment of $940,984.

Example of Repayment with 5.99% Interest Rate: Loan Amount of $1,000,000 and annual percentage rate (APR)
of 6.547%, 24 monthly payments of $5,992, and 35 monthly payments of $6,621 and one (1)  balloon payment of $943,747.

Low Down Payment Requirements
(AmFirst Mortgage Services Max is 80%, Outside 2nd to 90%)

Low Monthly Reserves Required
(Two (2) Months Total Debt Service Coverage in Bank)

Debt to Income Ratio up to 50%
(40% if Income is Below $50,000 annually)

Recent Employment Change is OK
(Must be in the Same Profession as Previous Two (2) years)

Common Sense Underwriting
(Full Tax Return Analysis for Self Employed)
(100% Rental Income Used to Qualify)

No Escrow Account
(AmFirst Mortgage Services Does Not Collect Your Monthly Taxes and Insurance)

 

Please contact a loan officer for additional information on any of out programs.

Click here for our Loan Calculators