American Nationwide Mortgage Company Review: A Detailed Analysis Of The Lender
American Nationwide Mortgage Company is a viable mortgage lender option, but you need some guidance in making a final decision.
Our in-depth American Nationwide Mortgage Company review should help you determine if they are the best option for you to pursue a mortgage with. Here is a rundown of what they have to offer, along with some other considerations.
| Website | https://www.americannationwide.com/ |
| Loan Amount | It depends on the loan type |
| Loan Terms(Years) | 3 to 30 years |
| Credit Score Range | 580 and above |
| Prepayment Fee | It depends on the loan type |
| No Origination Fee | It depends on the loan type |
| Mortgage Programs | FHA loans, VA loans, USDA loans, Jumbo loans, Reverse mortgages, etc. |
| Employment Statuses Considered | Yes |
| Intended Use | Home purchase and home refinance |
| Joint Loan Applications Accepted | Yes |
| Minimum Age | 18 |
| Property Type | Single-family home, townhome, condo, multi-family home, manufactured home, etc. |
| Verification Documents Required | Personal tax returns (with all schedules) signed for the prior two years, together with at least 30 days’ worth of pay stubs, bank statements, or asset account statements |
How Much Money Can You Borrow from American Nationwide Mortgage Company?
The amount you can borrow from American Nationwide Mortgage Company depends on various factors. Factors like these include the kind of loan you’re applying for and your financial situation.
If you’re looking to get an FHA loan, your monthly housing payments can’t be more than 29% of your monthly gross income. Contact American Nationwide Mortgage Company directly if you have any further questions about the maximum loan amount they will approve.
American Nationwide Mortgage Company Pros & Cons
Pros
- American Nationwide Mortgage Company provides a range of lending options to meet the demands of diverse borrowers
- They also offer a toll-free customer hotline
Cons
- You must consult with a loan officer To know further details about their offerings
- On their site, you won’t find any information regarding American Nationwide Mortgage Company closing costs and rates
- Not yet available in other U.S. states
What Is the Longest Loan Term You May Obtain from an American Nationwide Mortgage Company?
The American Nationwide Mortgage Company offers a wide variety of lending options with flexible terms. There are two types of loans here: those with a fixed interest rate and those with an adjustable interest rate.
There is a wide range of mortgage terms available, from 10 years to 30 years for fixed rates and 3 to 10 years for adjustable rates. You can obtain a loan with the best conditions that are tailored precisely to your requirements if you work with American Nationwide Mortgage Company.
What Mortgage Rates Does American Nationwide Mortgage Company Offer?
The American Nationwide Mortgage Company interest rates are unavailable on the website. As a result, we can’t tell if their pricing is competitive or not.
It’s a warning sign when a business isn’t open with its customers. Therefore, be sure to comprehend the rates and closing expenses of American Nationwide Mortgage Company before agreeing to a mortgage loan. Finding the best rate possible requires looking at offers from multiple lenders.
What is the Estimated Funding Time?
Loan funding procedures can differ from one state to the next. The closing and funding dates are often the same. It could be a day or more early, though. When a buyer signs their loan documentation, the closing might happen the same day in some areas. To learn more, get in touch with a loan officer at American Nationwide Mortgage Company.
Do They Charge Mortgage Origination Fees?
Mortgage origination fees are standard and expected from any lender. It is usually between 0.5% and 1% of the loan amount. On the other hand, American Nationwide Mortgage Company is being secretive about this. You can contact them via phone or email to ask questions or request this info.
Does American Nationwide Mortgage Company Charge Prepayment Fees?
Prepayment penalties are a common feature of mortgage loans, just like they are with other loans. The quantity and duration of these costs, however, can vary greatly depending on the loan’s terms.
For Veterans Administration (VA) loans, American Nationwide Mortgage Company does not implement a prepayment penalty. Inquiring with a loan officer at American Nationwide Mortgage Company might reveal any prepayment penalties that may apply to your loan.
What Mortgage Programs Are Available?
American Nationwide Mortgage Company offers several home loans, such as
FHA Mortgages: You can put as little as 3.5% down on a home with an FHA loan, but larger down payments are often necessary to secure most conventional loans. If you’re a first-time buyer or just don’t have a lot of money saved for a down payment, an FHA loan could be a wonderful option to help you buy a home.
FHA 203K Renovation: Homeowners and buyers can get up to $35,000 financed into their mortgage through the FHA’s Limited 203(k) program for repairs, improvements, and upgrades.
Cash is readily available for homebuyers and homeowners to use in making necessary upgrades or repairs to a property, such as those found by a home inspection or an FHA appraiser.
HomeStyle Renovation: Borrowers can get a purchase transaction mortgage or a limited cash-out refinance mortgage through HomeStyle Renovation to pay for home improvements like painting, new flooring, or energy-efficient appliances.
VA Mortgages: As a thank you for their service, veterans are eligible for VA Loans, which offer competitive interest rates on home mortgages. A VA loan can be obtained with a credit score as low as 580, and there is no requirement for a down payment or mortgage insurance.
Jumbo Mortgages: In addition to principal residences and secondary/vacation homes, investment properties also qualify for jumbo mortgages. Additionally, it can be obtained on a flexible schedule, with both fixed and variable interest rates.
Reverse Mortgages: The money from the loan can be used for anything you need it for. Revolving debts can be settled, such as those for credit cards, personal loans, auto loans, etc. In addition to buying a new house, or car, and making necessary home repairs, people can utilize the money to help a family member in need.
USDA Mortgages: If you live in a rural region and have a low or moderate income, this program can help you buy a home that meets minimum standards for a suitable place to live. Rural areas that qualify for this program provide for the construction, rehabilitation, improvement, or relocation of a primary residence for qualified candidates.
To mitigate the risk associated with making 100% loans to qualified borrowers in rural areas, the initiative offers a 90% loan note guarantee to participating lenders.
What Property Usage Types Does American Nationwide Mortgage Company Allow?
Loans for refinancing and home purchases can be obtained from American Nationwide Mortgage Company. This house could serve as either a primary residence or a vacation retreat. If you wish to make some changes to your house, you can get a loan for that, too.
For those interested in real estate investing, American Nationwide Mortgage Company also offers investment loans.
How Do People Rate the Customer Service and User Experience?
American Nationwide Mortgage Company has been given an A+ rating by the Better Business Bureau. An A+ rating from the BBB indicates that a company is trustworthy in its advertising, responsive to customer complaints, and truthful in its business dealings.
Additionally, American Nationwide Mortgage Company is accredited by the Better Business Bureau. If you have any remaining doubts about American Nationwide Mortgage Company’s legitimacy, Fintopi is here to help.
Contacts of American Nationwide Mortgage Company
There are a number of methods to get in touch with American Nationwide Mortgage Company. One of these is providing your name and email address in a web form. The American Nationwide Mortgage Company phone number is also listed on their website, should you need to give them a call.
Additionally, a pre-qualification form must be completed prior to submitting a loan application. They also have it posted on their website for your convenience.
Availability of American Nationwide Mortgage Company
The American Nationwide Mortgage Company is a licensed mortgage institution operating in 30 states. The business is open from 9 am to 5 pm on weekdays. The business establishments are not open on the weekends. During business hours, you can reach them at their toll-free customer service number.
American Nationwide Mortgage Company Summary
The findings of this American Nationwide Mortgage Company Review are as follows:
- American Nationwide Mortgage Company is a BBB-accredited company with an A+ rating.
- The loan products offered by American Nationwide Mortgage Company can be tailored to the specific requirements of each individual borrower.
- There is some uncertainty about the American Nationwide Mortgage Company closing costs and rates.
- American Nationwide Mortgage Company has offices and is licensed in 28 U.S. states.
Let us know if you don’t think American Nationwide Mortgage Company is the best choice for your mortgage needs, and we’ll do our best to help you discover a better fit.
FAQs About Loan Company
1. Who owns American Nationwide Mortgage Company?
Mark Kubek is the owner of American Nationwide Mortgage Company Inc. which was established in 1996.
2. Where is American Nationwide Mortgage Company located?
American Nationwide Mortgage Company Inc. is located at 3820 Northdale Blvd., Suite 111A Tampa, Florida 33624, United States.
3. How to get a loan at American Nationwide Mortgage?
It is necessary to complete a pre-qualifying form before applying for a loan with American Nationwide Mortgage Company.
