SuperMoney
  Amerifirst Financial Mortgage Broker

Amerifirst Financial Mortgage Broker

in Mortgage Brokers from Amerifirst Financial

Unaffiliated

Amerifirst Financial Mortgage Broker

Unaffiliated

in Mortgage Brokers from Amerifirst Financial

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Amerifirst Financial Mortgage Broker to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

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

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 are 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.

Amerifirst Financial Mortgage Broker 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 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.
  • HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac. No minimum credit score or value appraisal required.
  • 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:
Type of Mortgage Options
Supported Options Unsupported Options
  • Home Purchase
  • Refinance
  • Home Equity Loans
  • HELOC
  • Hybrid Mortgage
  • Reverse Mortgage
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...

Contact

About Amerifirst Financial Mortgage Broker

Availability

  Available in 11 states
  • Alabama
  • Florida
  • Illinois
  • Indiana
  • Kentucky
  • Michigan
  • North Carolina
  • Ohio
  • Oklahoma
  • Tennessee
  • Wisconsin

Be the first to rate

 

Would you recommend Amerifirst Financial Mortgage Broker 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
Cancel my vote
(will require moderator approval)

Other Mortgage Brokers

CloseYourOwnLoan.com
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

2 Reviews

Broker House Lending
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

2 Reviews

On Q Financial
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews