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  AmeriDream Mortgage Group

AmeriDream Mortgage Group

in Mortgage Brokers from AmeriDream Mortgage Group LLC

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AmeriDream Mortgage Group

Unaffiliated

in Mortgage Brokers from AmeriDream Mortgage Group LLC

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Highlights
Highlights
Broker Fee Payer Both
Broker Loan Origination Fees N/A
NMLS # 275209
Type of Mortgage
  • Home Purchase
  • Hybrid Mortgage
  • Refinance

AmeriDream Mortgage Group Review

Where does AmeriDream Mortgage Group do business?

AmeriDream Mortgage Group is a licensed mortgage broker (NMLS# 275209) with headquarters in The Colony, TX. It operates in 2 states.

The company was founded in 2006 and helps borrowers find a direct lender that will approve the loan amounts, rates, and terms they require.

How does AmeriDream Mortgage Group LLC get paid?

Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.

AmeriDream Mortgage Group LLC offers lender and borrower-paid fee models. Borrowers can choose which model works best for their circumstances. Typically, lender-paid compensation rates result in higher fees for borrowers. However, borrower-paid rates increase the upfront costs of getting a mortgage.

What fees does AmeriDream Mortgage Group LLC charge?

Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.

Does AmeriDream Mortgage Group charge broker administration fees?

No, AmeriDream Mortgage Group LLC does not charge a broker administration fee.

Does AmeriDream Mortgage Group LLC charge broker loan origination fees?

No, AmeriDream Mortgage Group LLC does not charge a broker loan origination fees.

Does AmeriDream Mortgage Group charge broker upfront fees?

No, AmeriDream Mortgage Group LLC does not charge broker upfront fees.

Does AmeriDream Mortgage Group LLC charge a yield-spread premium?

No, AmeriDream Mortgage Group LLC does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.

AmeriDream Mortgage Group Fees
Description
Broker Loan Origination Fees N/A
Broker Upfront Fees N/A
Broker Administration Fees N/A
Yield-Spread Premium N/A

What mortgage programs does AmeriDream Mortgage Group offer?

AmeriDream Mortgage Group offers the following mortgage programs:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • FHA 203k: An FHA mortgage you can also use to finance home improvements.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: 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.

What types of mortgage does AmeriDream Mortgage Group LLC broker?

AmeriDream Mortgage Group LLC works with the following types of mortgages:
Type of Mortgage Options
Supported Options Unsupported Options
  • Hybrid Mortgage
  • Home Purchase
  • Refinance
  • Home Equity Loans
  • HELOC
  • Reverse Mortgage
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    About AmeriDream Mortgage Group

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 2 states
    • Colorado
    • Texas

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