Where does American Pacific Mortgage do business?
American Pacific Mortgage is a direct lender based in Roseville, CA. The company was founded in 1996 and offers mortgage refinancing to borrowers in 18 states across the USA.
What is the maximum loan term for a mortgage refinance via American Pacific 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 Pacific Mortgage offers mortgages refinancing with terms ranging from 15 to 30 years.
Does American Pacific Mortgage charge a mortgage origination fee?
Yes, American Pacific Mortgage may charge a loan origination fee.
What mortgage programs does American Pacific Mortgage offer?
American Pacific Mortgage 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 Pacific Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. American Pacific Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
Other Services by American Pacific Mortgage
- New Mexico