MORTGAGE BANKER, PRESCOTT, ARIZONA - AVAILABLE PROGRAMS

AmeriFirst Financial, Inc. your LOCAL Mortgage Banker - Prescott, AZ is here for you. Here are some of the programs available through AmeriFirst Financial, Inc. We are located in the Prescott Business Center at: 222 W. Gurley Street, Suite 202, Prescott, AZ 86301. Our LOCAL Mortgage Banker - Prescott, AZ Branch of AmeriFirst Financial is proud to be staffed with Four Loan Officers, a Loan Officers Assistant, Processor and Administrative team.

Our Mortgage Banker - Prescott, AZ  Loan Officers are here to guide you through each stage of the process and provide you with expert advice along the way.

We are committed to making the home loan process clear, informative and simple. At  your LOCAL Mortgage Banker - Prescott, AZ  AmeriFirst Financial we understand that buying a home will be one of the biggest purchased of your life. That is why we are committed to providing you with the information you need to make well informed decisions.

Mortgage Banker - Prescott, AZ  | PROVIDING MORE LOAN PRODUCTS, FASTER.

Our expert loan officers will help you determine what loan product will work best for your financial goals. Browse our products or contact us to discuss your options.

Contact your LOCAL Mortgage Banker - Prescott, AZ AmeriFirst Financial professional Loan Officer today at: (928) 227-0586

DID YOU KNOW THAT FHA HAS A LOAN PROGRAM FOR COUPLES GETTING MARRIED THAT IS PROVIDED BY YOUR LOCAL Mortgage Banker - Prescott, AZ?

The FHA Bridal Registry works like a traditional registry but is even more flexible. The bride and groom visit their choice of FHA mortgage lender and set up what is essentially a custodial savings account for the dedicated purpose of funding their down payment. Then they provide the details to friends and family. In turn, the couple’s benefactors can deposit funds directly into the account, or can simply hand cash or checks to the couple for deposit into the account. This program has specific requirements and not everyone will qualify. Contact an AmeriFirst Loan Officer today to see if this program is available in your area and to learn more.

HOME RENOVATION LOAN 203(k) 

Provided by your LOCAL Mortgage Banker - Prescott, AZ

Looking for a home that may require a little work?  The FHA 203(k) Home Renovation Loan could be exactly the answer you are looking for.  This loan allows you the flexibility you need to find that fixer upper without the stress of coming out of pocket for all the repair cost to make it perfect for you!  This is a one-time close loan that allows you to use the after improved value to determine your loan amount.  Purchasing a new home is a major investment; by utilizing this creative option ensure that its exactly what you want.

Benefits:

• After renovation value used to determine loan amount
• One time close and one monthly payment
• Low Down Payments starting at 3.5%
• Six Month Renovation Completion time allowed
• Loan Amounts up the high balance FHA limits in your area
• Use for Purchase or Refinance Loan
• Great for Distressed Properties, Foreclosures, REO and Short Sale Properties
• Virtually any kind of improvements qualify

This loan allows you purchase the home that you want without the stress of having to come out of pocket for a bunch of renovations to make the home perfect for you.

HOMEPATH HOME LOANS

Provided by your LOCAL Mortgage Banker - Prescott, AZ

With the large inventory of foreclosed properties that hit the market Fannie Mae created this special program to help assist borrowers in acquiring these homes directly to those who qualify.  With this creative financing solution offered for only Fannie Mae owned properties, borrowers are given the ability to have a loan with minimal down payment, NO Mortgage Insurance, expanded seller contributions and more!

Benefits:

• Buy with as little as 3% Down
• No Appraisal Required
• Get a great price on a loan direct from the bank
• No Mortgage Insurance-which lowers monthly payments
• Available for Owner-Occupied, Second Home and Investment properties
• Up to 6% seller contribution to pay for closing costs

USDA RURAL HOUSING LOAN

Provided by your LOCAL Mortgage Banker - Prescott, AZ

As a lender committed to having solutions for all our clients’ needs we offer some of the most competitive Jumbo programs in the market today.  Jumbo loans are classified as loans larger than allowed financing limits set by Freddie Mac & Fannie Mae (currently $417,000).  With our in house Jumbo products we maintain complete control of your loan with our in house Processing, Underwriting and Funding to ensure a smooth transaction.

With the changes in today’s lending environment not all Mortgage Banker – Prescott, AZ have the ability to provide this type of lending.  But with your LOCAL Mortgage Banker - Prescott, AZ Amerifirst Financial, Inc’s, superior standing with our lending partners we are offer to these products to our Jumbo borrowers.

Highlights:

• Competitive Down Payment Options
• 30 & 15 Year Fixed Options as well as Adjustable Rate’s (ARM)
• In House Processing, Underwriting and Funding
• Competitive Rates

FHA HOME LOAN

Provided by your LOCAL Mortgage Banker - Prescott, AZ

A fantastic option for our first time home buyers, the FHA loan gives you the flexibility to realize your dream of home ownership. With a more flexible approach to the underwriting process, coupled with competitive interest rates and minimal down payment, borrowers can truly enjoy the home buying process without stress or breaking the bank.

FHA Loan Benefits

• Down Payments as low as 3.5%
• More Relaxed Credit Requirements
• Family Gifts allowed for both Down Payment and Closing Costs
• Competitive Interest Rates
• Available on 1-4 Unit Properties
• Fixed and Adjustable Rate Programs Available

VA HOME LOAN

Provided by your LOCAL Mortgage Banker - Prescott, AZ

As a proud supporter of our military, having the ability to write VA loans is truly a privilege for AmeriFirst Financial, Inc.  For your much appreciated service the VA has created a loan that is full of benefits.  With low down payments in most cases, no pre-payment penalties and extremely competitive interest rates the VA loan is one of the smartest options in the market today.

VA Loan Benefits:

• 100% Financing Available
• No Monthly Mortgage Insurance
• Rates as competitive if not more than Conventional Rates
• Insured by Veterans Affairs
• No Pre-Payment Penalties
• Available to both Active and Veterans of our military
• Rates don’t vary based on FICO Scores if you qualify (640 Minimum Fico Required)

JUMBO LOANS

Provided by your LOCAL Mortgage Banker - Prescott, AZ

As a lender committed to having solutions for all our clients’ needs we offer some of the most competitive Jumbo programs in the market today.  Jumbo loans are classified as loans larger than allowed financing limits set by Freddie Mac & Fannie Mae (currently $417,000).  With our in house Jumbo products we maintain complete control of your loan with our in house Processing, Underwriting and Funding to ensure a smooth transaction.

With the changes in today’s lending environment not all Mortgage Banker - Prescott, AZ  have the ability to provide this type of lending.  But with your LOCAL Provided by your LOCAL Mortgage Banker - Prescott, AZ Amerifirst Financial Inc’s, superior standing with our lending partners we are offer to these products to our Jumbo borrowers.

Highlights:

• Competitive Down Payment Options
• 30 & 15 Year Fixed Options as well as Adjustable Rate’s (ARM)
• In House Processing, Underwriting and Funding
• Competitive Rates

THIRTY-YEAR FIXED RATE MORTGAGE

Provided by your LOCAL Mortgage Banker - Prescott, AZ

The traditional 30-year fixed-rate mortgage has a constant interest rate and the principal and interest portion of the payment never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

2/1 BUY-DOWN MORTGAGE

Provided by your LOCAL Mortgage Banker - Prescott, AZ

The 2/1 Buy-Down Mortgage allows the borrower to qualify at below market rates so they can borrow more. The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year. It then remains at a fixed interest rate for the remainder of the loan term. Borrowers often refinance at the end of the second year to obtain the best long-term rates. However, keeping the loan in place even for three full years or more will keep their average interest rate in line with the original market conditions.

FIFTEEN-YEAR FIXED RATE MORTGAGE

Provided by your LOCAL Mortgage Banker - Prescott, AZ

This loan is fully amortized over a 15-year period and features fixed rate interest payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.

ADJUSTABLE RATE MORTGAGE (ARM)

Provided by your LOCAL Mortgage Banker - Prescott, AZ

When it comes to ARMs there’s a basic rule to remember…the longer you ask the lender to charge you a specific rate, the more expensive the loan.

Annual ARM: This loan has a rate that is recalculated once a year.

Monthly ARM:  With this loan, the interest rate is recalculated every month. Compared to other options, the rate is usually lower on this ARM because the lender is only committing to a rate for a month at a time, so his vulnerability is significantly reduced.

Please feel free to stop by or call your LOCAL Mortgage Banker - Prescott, AZ  

AmeriFirst Financial, Inc.

222 W. Gurley Street, Suite 202, Prescott, AZ  86301

 (928) 227-0586  |  www.amerifirst.us