2011 S Broadway, Ste B, Santa Maria CA 93454 | champloan@aol.com
 
 
 
 
 
 

Loans

 
 
CA DRE Approved Broker
License # 01242047
 
American Mortgage Lenders, Inc. Products and Services
 
Products & Services — American Mortgage Lenders in Santa Maria, California

Products and Services

We provide conventional loans both conforming and jumbo loans limits.
 
  • FHA LOANS
  • VA LOANS
  • CAL-VET LOANS
 
  • USDA LOANS
  • 203 (K)
  • REVERSE MORTGAGES
 
 
Services — American Mortgage Lenders in Santa Maria, California

Services

  • Fast pre-qualifications
  • Complete and accurate Loan Estimates closing costs
  • Evening and Weekend Appointments are available by Appointment
 

Purchase or Refinance

Conventional Loans – Loans are available with as little a 5% down. Ask about our lender paid mortgage insurance which may save you hundreds of dollars a month over traditional mortgage insurance.
 

FHA Loans

The Federal Housing Administration guarantees loans provided by American Mortgage to promote home ownership to those with a small down payment and more Liberal underwriting.
(A) 3.5% Down payment required. All or part of this may be a gift.
(B) Flexible income, debt, and credit requirements.
(C) Non-occupying Co-Borrowers may be used to help qualify. *restrictions apply
(D) Seller may pay all or most of the closing costs.
(E) FHA requires an up-front premium which is typically financed and a monthly premium which is paid as part of the monthly house payment.

VA Loans (Veterans Administration)

VA loans are underwritten to comply with guidelines set forth by the Veterans Administration for veterans and eligible surviving spouses of Veterans. VA loans permit eligible buyers to but with no down payment. The VA insures the loan, requiring a funding fee, which, is typically financed except for Veterans with a qualifying VA related disability. Veterans are not limited to a onetime use of this benefit.

USDA RD (Rural Development)

Rural Development loans are underwritten to comply with guidelines set forth by the Rural Housing Service under the United States Department of Agriculture (USDA). Available for buyers of primary residence in designates rural areas, these loans require no down payment and have somewhat more lenient credit guidelines than other types of loans. USDA guarantees the loans. Requiring initial guarantee fee which is typically financed and a monthly fee which is paid as a part of the monthly house payment.
Buyers need not be first-time home buyers but household income and property location limitations apply.

Getting Started with American Mortgage Lenders, Inc
To get started, please give an American Mortgage Lenders, Inc a call today.
Application Checklist
To get pre-qualified you will need to provide the following basic information:
1. Drivers license, social security card and resident alien card (if applicable)
2. Pay stub(s) covering the most recent 30 day period
3. Bank statements for the previous 2 months (all pages) for all accounts including : checking, savings, 401k, CDs, etc.
4. All borrowers must submit the most recent last 2 years tax return and W2's.
5. Self employed borrowers must submit tax returns for the 2 most recent years along with a current profit and loss statement
6. Current mortgage statement(s) (If applicable)
7. Final divorce, child support and/or spousal support paperwork along with current proof of payment/receipt (If applicable)
8. Complete bankruptcy papers w/discharge (If applicable)
 
Contact American mortgage today in Santa Maria, California, for instant approval for a loan!