Amerifirst Financial Mortgage Broker
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| Broker Loan Origination Fees | N/A |
| Broker Fee Payer | Both |
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Amerifirst Financial Mortgage Broker Review
Amerifirst Financial Mortgage Broker services are offered by Amerifirst Financial, a licensed broker founded in 1986 and based in Kalamazoo, MI. Amerifirst Financial Mortgage Broker services available in 11 states across the USA.
How does Amerifirst Financial Mortgage Broker get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
Amerifirst Financial 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 Amerifirst Financial Mortgage Broker 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 Amerifirst Financial Mortgage Broker charge broker administration fees?
No, Amerifirst Financial Mortgage Broker does not charge a broker administration fee.
Does Amerifirst Financial Mortgage Broker charge broker loan origination fees?
No, Amerifirst Financial Mortgage Broker does not charge a broker loan origination fees.
Does Amerifirst Financial Mortgage Broker charge broker upfront fees?
No, Amerifirst Financial Mortgage Broker does not charge broker upfront fees.
Does Amerifirst Financial Mortgage Broker charge a yield-spread premium?
No, Amerifirst Financial Mortgage Broker 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.
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| Broker Fee Payer | Both |
What mortgage programs does Amerifirst Financial Mortgage Broker offer?
Amerifirst Financial Mortgage Broker 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.
- 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 Amerifirst Financial Mortgage Broker broker?
Amerifirst Financial Mortgage Broker works with the following types of mortgages:| Supported Options | Unsupported Options |
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Contact
- Headquarters
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950 Trade Centre Way Suite 400
Kalamazoo, MI 49002 USA - (877) 276-1974
- Visit Site
- Email Support
About Amerifirst Financial Mortgage Broker
Availability
- Alabama
- Florida
- Illinois
- Indiana
- Kentucky
- Michigan
- North Carolina
- Ohio
- Oklahoma
- Tennessee
- Wisconsin
Feature Breakdown
| Interest Rate Types Offered |
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