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  American Capital Corporation Home Mortgage

American Capital Corporation Home Mortgage

in Home Purchase Mortgages from American Capital Corporation · NMLS ID #264422

Unaffiliated

American Capital Corporation Home Mortgage

Unaffiliated

in Home Purchase Mortgages from American Capital Corporation · NMLS ID #264422

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Highlights
Mortgage Programs
  • FHA
  • HARP
  • USDA
  • VA
Loan Amount $70,000 - $1,500,000
Loan Term (Years) 10 - 30 years

American Capital Corporation Home Mortgage Review

American Capital Corporation Home Mortgage is offered by American Capital Corporation (NMLS #264422), a direct lender founded in 1994 and based in El Segundo, CA. American Capital Corporation Home Mortgage is available in 7 states across the USA.

Key Takeaways
  • 4 different mortgage programs offered. American Capital Corporation Home Mortgage offers FHA, HARP, 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.
  • Non-standard interest rates available. American Capital Corporation Home Mortgage offers hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
American Capital Corporation Home Mortgage Pros & Cons
Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 7 states.
American Capital mortgage FAQ

How much can you borrow via American Capital Corporation?

American Capital mortgage allows borrowers to apply for loan amounts of up to $1,500,000. 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 is the maximum loan term you can get with American Capital mortgage?

American Capital mortgage offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does American Capital Corporation 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.

Does American Capital mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, American Capital mortgage may charge a loan origination fee.

What mortgage programs are available?

American Capital mortgage offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • 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%.
  • USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
  • VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does American Capital mortgage allow?

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

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for this business card is (310) 640-0100.

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Other Services by American Capital Corporation

Availability

  Available in 7 states
  • California
  • Colorado
  • New Mexico
  • Oregon
  • Tennessee
  • Texas
  • Washington

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
Investment
Primary Residence
Loan Amount $70,000 - $1,500,000
Loan Term 10 - 30 years
Interest Rate Types Offered
  • Hybrid Mortgage
Mortgage Programs
  • FHA
  • HARP
  • USDA
  • VA
Terms 10, 15, 30

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