Features

Where does American Federal Mortgage do business?

American Federal Mortgage is a direct lender based in Chester, NJ. The company was founded in 1987 and offers mortgages to borrowers in 9 states across the USA.

How much can you borrow via American Federal Mortgage?

American Federal 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 mortgage company you choose.

What range of rates does American Federal Mortgage offer?

American Federal Mortgage offers home loans with APRs starting at 3.19% .

Does American Federal Mortgage charge a mortgage origination fee?

Yes, American Federal Mortgage may charge a loan origination fee.

Does American Federal Mortgage charge prepayment fees?

Yes, American Federal Mortgage charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does American Federal Mortgage offer?

American Federal Mortgage offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • VA

What property usage types does American Federal Mortgage allow?

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

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

  • Min Loan
    $40000
  • Institution Type
    Direct Lender
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Investment
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    $40000 - $3000000
  • APR
    Starting at 3.19%
  • Terms
    15, 30
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