SuperMoney
  AmCap Purchase Mortgage
AmCap Purchase Mortgage
in Home Mortgage Loans from AmCap Mortgage · NMLS ID #129122
Unaffiliated

AmCap Purchase Mortgage

Unaffiliated
in Home Mortgage Loans from AmCap Mortgage · NMLS ID #129122
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

Cast your vote

Would you recommend AmCap Purchase Mortgage to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating

Rating not yet determined  

Loan Amount $50,000 - $3,000,000
Loan Term (Years) N/A
Credit Score Range N/A
No Origination Fee N/A

AmCap Purchase Mortgage Review

AmCap Purchase Mortgage is offered by AmCap Mortgage (NMLS #129122), a direct lender founded in 2002 and based in Houston, TX. AmCap Mortgage are available in 35 states (and Washington, DC).

Key Takeaways

  • 3 different mortgage programs offered. AmCap Purchase Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with AmCap Purchase Mortgage.
  • Non-standard interest rates available. AmCap Purchase Mortgage offers hybrid mortgages, and fixed-rate mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, AmCap Purchase Mortgage does offer financing for primary and secondary homes (e.g. vacation properties).
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

AmCap Purchase Mortgage Pros & Cons

Pros Cons
  • Available in 35 states.
  • Charges an origination fee.
  • Charges prepayment fees.

AmCap Mortgage FAQ

How much can you borrow via AmCap Mortgage?

AmCap Mortgage allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What mortgage rates does AmCap Mortgage offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, AmCap Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, AmCap Mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does AmCap Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. AmCap Mortgage allows the following property usage types: 

  • Primary home
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for AmCap Purchase Mortgage is (800) 919-9101.

What is the support contact email?

The support contact email for is info@myamcap.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Other Services by AmCap Mortgage

Availability

  Available in 35 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Delaware
  • Florida
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisiana
  • Maryland
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wyoming

Feature Breakdown

Intended Use
  • Primary Home
  • Investment
Investment
Primary Residence
Loan Amount $50,000 - $3,000,000
Interest Rate Types Offered Hybrid Mortgage
Mortgage Programs
  • FHA
  • USDA
  • VA

AmCap Purchase Mortgage Community Reviews

 

Would you recommend AmCap Purchase Mortgage to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Home Mortgage Loans