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 mortgage refinancing to borrowers in 10 states across the USA.

What range of mortgage balances will American Federal Mortgage refinance?

Mortgage refianancing loans start at $40000 and go up to $3000000

What is the maximum loan term for a mortgage refinance via American Federal Mortgage?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. American Federal Mortgage offers mortgages refinancing with terms ranging from 15 to 30 years.

What is the estimated funding time for a mortgage refinance with American Federal Mortgage?

American Federal Mortgage will typically fund mortgage refinances within 30 and days of approval.

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 home 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 

  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Funding Time Range (in days)
    Starting at 30
  • Loan Amount
    $40000 - $3000000
  • Loan Term (Years)
    15 - 30
  • APR
    Starting at 3.19%
  • Terms
    3/1, 5/1, 7/1, 10/1, 15, 30 years
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...

No reviews found.

Be the first to write a review for this company!

Write a Review

New Review for American Federal Mortgage

In category:  

Rate your experience:


Other Mortgage Refinance companies