American Financial Network
in Mortgage Refinance from American Financial NetworkUnaffiliated
|Loan Term||15 - 30 years|
|Loan Amount||Up to $5,000,000|
American Financial Network Review
American Financial Network is a mortgage refinance offering by American Financial Network, a direct lender based in Brea, CA. Founded in 2001, American Financial Network offers mortgage refinancing to borrowers in 44 states across the USA (and Washington, DC).
What is the maximum loan term for a mortgage refinance via American Financial Network?
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 Financial Network offers mortgages refinancing with terms ranging from 15 to 30 years.
Does American Financial Network charge a mortgage origination fee?
Yes, American Financial Network may charge a loan origination fee.
What mortgage programs does American Financial Network offer?
American Financial Network offers the following mortgage types:
- 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 property usage types does American Financial Network allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. American Financial Network allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- Rhode Island
- South Carolina