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  Amerifirst Financial Mortgage Broker

Amerifirst Financial Mortgage Broker

in Mortgage Brokers from Amerifirst Financial

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Amerifirst Financial Mortgage Broker

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in Mortgage Brokers from Amerifirst Financial

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

Amerifirst Financial Mortgage Broker Review

Where does Amerifirst Financial Mortgage Broker do business?

Amerifirst Financial Mortgage Broker is a mortgage broker with headquarters in Kalamazoo, MI. It operates in 11 states.

The company was founded in 1986 and helps borrowers find a direct lender that will approve the loan amounts, rates, and terms they require.

How does Amerifirst Financial 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 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 does not charge a broker administration fee.

Does Amerifirst Financial charge broker loan origination fees?

No, Amerifirst Financial does not charge a broker loan origination fees.

Does Amerifirst Financial Mortgage Broker charge broker upfront fees?

No, Amerifirst Financial does not charge broker upfront fees.

Does Amerifirst Financial charge a yield-spread premium?

No, Amerifirst Financial 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 broker?

Amerifirst Financial 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
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    About Amerifirst Financial Mortgage Broker

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

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