America’s Mortgage Resource Review: A Detailed Analysis Of The Lender
Is America’s Mortgage Resource legit? We will provide a response to that query during the course of this America’s Mortgage Resource review.
If you have had trouble getting a loan elsewhere owing to your credit history, America’s Mortgage Resource may be able to help. Every consumer can choose a suitable method of financing to match their budget.
If you read our review of America’s Mortgage Resource, you will have all the information you need to decide whether or not the firm is right for you.
| Website | https://amr-no.com/ |
| Loan Amount | It depends on the loan type and state |
| Loan Terms(Years) | Up to 30 years |
| Credit Score Range | It depends on the loan type |
| Prepayment Fee | It depends on the loan type |
| No Origination Fee | It depends on the loan type |
| Mortgage Programs | FHA loans, VA loans, 203(k) loans, etc. |
| Employment Statuses Considered | Yes |
| Intended Use | Home purchases and refinance |
| Joint Loan Applications Accepted | N/A |
| Minimum Age | 18 |
| Property Type | Single-family home, townhouse, condo, multi-family home, etc. |
| Verification Documents Required | Personal tax return, pay stubs, bank statements, or asset account statements |
How Much Money Can You Borrow from America’s Mortgage Resource?
How much of a loan you can get from America’s Mortgage Resource is conditional on a number of criteria. Considerations like these include your current financial condition and the type of loan for which you are seeking.
With an FHA loan, the maximum amount you can borrow is $424,100. If you want to know how much of a loan America’s Mortgage Resource will provide you, you’ll need to call them up and ask.
America’s Mortgage Resource Pros & Cons
Pros:
- Loan programs from America’s Mortgage Resource are flexible enough to fit the needs of a wide variety of applicants.
Cons:
- There is no mention of America’s Mortgage Resource closing costs and rates on their website.
- More information about their services is available upon consultation with a loan officer.
- Unfortunately, it’s only available in two states in the USA for now.
What is the Longest Loan Term You May Obtain from America’s Mortgage Resource?
America’s Mortgage Resource offers a wide variety of loan programs with flexible terms. They provide both fixed- and variable-interest loans, so you may pick the one that best suits your needs.
A fixed-rate mortgage will last for a certain period of time, usually between 10 and 30 years, whereas an adjustable-rate mortgage’s term might range from 3 to 10 years. Working with America’s Mortgage Resource will allow you to secure a loan with terms tailored to your unique situation.
What is the Longest Loan Term You May Obtain from America’s Mortgage Resource?
America’s Mortgage Resource offers a wide variety of loan programs with flexible terms. They provide both fixed- and variable-interest loans, so you may pick the one that best suits your needs.
A fixed-rate mortgage will last for a certain period of time, usually between 10 and 30 years, whereas an adjustable-rate mortgage’s term might range from 3 to 10 years. Working with America’s Mortgage Resource will allow you to secure a loan with terms tailored to your unique situation.
What Mortgage Rates Does America’s Mortgage Resource Offer?
America’s Mortgage Resource interest rates are unavailable on the website. Because of this, we are unable to determine whether or not their prices are reasonable.
If a company isn’t transparent with its customers, that should immediately raise red flags. Therefore, before agreeing to a mortgage loan with America’s Mortgage Resource, make sure you fully understand the rates and closing costs. To get the greatest rate, it’s best to compare the terms offered by several financial institutions.
What is the Estimated Funding Time?
Loan funding procedures may differ from one state to the next. The date of closing and the date on which financing is obtained are typically the same. This could arrive a day early or later than expected. In some cases, the closing on a loan might occur on the same day that the buyer signs the loan documents.
The exact funding time can be obtained by speaking with a loan department specialist at America’s Mortgage Resource.
Do They Charge Mortgage Origination Fees?
Mortgage origination fees are considered to be the industry standard and can be anticipated from any lender. The percentage ranges from 1% to 5% of the loan principal. In contrast, America’s Mortgage Resource is remaining tight-lipped. If you have any queries or would like to obtain this data, you can do so by calling or writing them.
Does America’s Mortgage Resource Charge Prepayment Fees?
Mortgage loans, like most other loans, typically have prepayment penalties. However, the size and duration of these expenses will vary substantially according to the specifics of the loan.
America’s Mortgage Resource does not charge a prepayment penalty for Federal Housing Administration (FHA) loans or Veterans Administration (VA) loans. To find out if prepayment fees apply to your loan, talk to a representative at America’s Mortgage Resource.
What Mortgage Programs Are Available?
America’s Mortgage Resource offers several purchasing and refinancing loans, such as:
As the FHA lending program requires a lower down payment than conventional loans, it is especially attractive to first-time homebuyers. Since the FHA’s credit requirements are more forgiving than those of conventional mortgages, they may also be a good option for persons with credit concerns and possibly lower credit scores.
Veterans and active-duty members of the United States armed forces may be eligible for preferential loan terms through the Veterans Administration (VA). Whether you’re looking to buy a home or refinance your current one, the experts at America’s Mortgage Resource claim to help you find the best loan program for your needs.
With the rising cost of real estate, a growing number of homeowners and homebuyers are finding it difficult to secure financing for higher-priced properties like custom-built mansions.
Jumbo mortgage loans are available at competitive rates and with competitive programs from America’s Mortgage Resource, allowing you to get the financing you need to buy or refinance the home of your dreams.
Using the equity in your house as collateral for a loan can help you get out of financial jams. During the term of a reverse mortgage loan, you will not be required to make mortgage payments, but you will remain on the title of the property.
An escalating reverse mortgage principal can be avoided by making monthly payments. Contrary to standard mortgages, however, you will not be charged any late fees if you are unexpectedly unable to make a payment on time.
Rural development loans have the support of the USDA (Department of Agriculture). All of these programs exist to ensure that low-income households in rural areas have access to the funds they need to buy, construct, or renovate a home.
Borrowers who would otherwise be considered high-risk can more easily secure financing for a new house because due to the fact that these loans are insured against default.
The Federal Housing Administration (FHA) offers a mortgage product called a 203(k) loan, which allows buyers to borrow enough money to pay for the purchase price of a home as well as the costs associated with making any necessary repairs, such as the cost of labor and supplies.
First-time homebuyers may benefit greatly from this sort of loan because it reduces the stress of saving for a large down payment and closing costs. Current homeowners who want to make upgrades to their houses might also benefit from an FHA 203(k) loan.
What Property Usage Types Does America’s Mortgage Resource Allow?
Loans for purchasing or refinancing a home are available through America’s Mortgage Resource. This house can serve as a year-round residence or a vacation retreat, depending on the needs of the owners. You can acquire a loan for whatever purpose you need it for, including home improvements.
When you’re ready to expand your real estate portfolio, America’s Mortgage Resource can also help you get the funding you need to purchase investment properties.
How Do People Rate the Customer Service and User Experience?
Small mortgage provider America’s Mortgage Resource specializes in offering loans in Louisiana and Mississippi. As a business, they’ve been operational for 27 years.
Unfortunately, America’s Mortgage Resource has not yet earned accreditation from the Better Business Bureau. Many customers still associate the BBB’s seal of accreditation with a guarantee of trustworthy service.
Additionally, client responses have been extremely varied. Because of this, it is difficult to form firm opinions about the company based on feedback provided by its customers.
If you are concerned about whether or not America’s Mortgage Resource can be trusted, Fintopi can help you determine.
Contacts of America’s Mortgage Resource
You can give America’s Mortgage Resource a call if you have any further questions about their services. Their contact information is readily available on their website. America’s Mortgage Resource number is 504-833-2111. In addition, if you want to submit an application for a loan right away, you can choose a loan officer from the list provided on their website.
Availability of America’s Mortgage Resource
America’s Mortgage Resource is an authorized financial company that provides mortgage services in two different states. The regular office hours are Monday through Friday, 9 am to 5 pm. You can call them at the number shown for their customer care department during regular business hours. Weekend hours are not available at America’s Mortgage Resource.
America’s Mortgage Resource Summary
These are the conclusions of this America’s Mortgage Resource Review:
- America’s Mortgage Resource’s loan packages are flexible enough to meet the needs of virtually any borrower.
- There is no Better Business Bureau (BBB) accreditation for America’s Mortgage Resource.
- America’s Mortgage Resource’s closing costs and interest rates are not completely clear.
- To date, America’s Mortgage Resource has only expanded its services to two states in the United States.
If you don’t feel like America’s Mortgage Resource is the right fit for you, please let us know and we’ll try to find you a company that is.
FAQs About Loan Company
- Who owns America’s Mortgage Resource? America’s Mortgage Resource’s owner is Andrew Remson. He has 25 years of experience in the real estate sector as well as a diverse financial sales background.
- Where is America’s Mortgage Resource located? America’s Mortgage Resource is located at 3317 N. I-10 Service Rd., Ste 200 Metairie, LA 70002.
- How to get a loan at America’s Mortgage Resource? If you want to apply for a loan at America’s Mortgage Resource you can do so by applying online.
