Their dream was to help individuals realize the dream of homeownership and they felt it was critical for those people to be able to deal with a reputable, honest and family based company. Since those humble beginnings, American Mortgage has grown into a large multistate lender but it has always kept its focus on its core mission. The company now has over 40 locations and is licensed to lend in Ohio, Kentucky, Indiana, Tennessee, Florida, Alabama, Mississippi, Michigan and West Virginia.
Annual lending approaches $1 Billion with mortgage products to serve any customer. The significant growth over the last few years can be attributed to its constant focus on high quality service. American Mortgage has successfully focused its business development on relationship growth with real estate agents, home builders and former customers. Home purchase business has consistently been around 90% or higher for the company.
The company offers low down payment loans across Conventional, FHA, VA and Guaranteed Rural Housing lending products.
Annual lending approaches $1 Billion with mortgage products to serve any customer. The significant growth over the last few years can be attributed to its constant focus on high quality service. American Mortgage has successfully focused its business development on relationship growth with real estate agents, home builders and former customers. Home purchase business has consistently been around 90% or higher for the company.
The company offers low down payment loans across Conventional, FHA, VA and Guaranteed Rural Housing lending products.
Services
Calculate your monthly payment with applicable finance charges, PMI, hazard insurance, and property taxes.
This calculator allows you to "peek into the future", allowing you to see the remaining balance of your mortgage after several payments.
How much can you borrow from a lender?
Use this calculator to calculate the amount you can afford from the lender's point of view.
This calculator will help you to determine your savings if you make larger monthly payments.
Calculate how much points affect your monthly payments and how fast they will pay for themselves.
This calculator allows you to "peek into the future", allowing you to see the remaining balance of your mortgage after several payments.
How much can you borrow from a lender?
Use this calculator to calculate the amount you can afford from the lender's point of view.
This calculator will help you to determine your savings if you make larger monthly payments.
Calculate how much points affect your monthly payments and how fast they will pay for themselves.
Our expert staff will be with you every step of the way, from pre-approval to closing on your home.
The Pre-Approval is your first step in the home buying process.
Being pre-approved gives you peace of mind, an advantage when negotiating the price on your home, and also expedites the process from purchase agreement to closing.
And, the only cost of pre-approval is a little time and commitment.
Pre-Purchase counseling is always an option and can be very well worth your time, especially if you are a first-time buyer.
The Pre-Approval is your first step in the home buying process.
Being pre-approved gives you peace of mind, an advantage when negotiating the price on your home, and also expedites the process from purchase agreement to closing.
And, the only cost of pre-approval is a little time and commitment.
Pre-Purchase counseling is always an option and can be very well worth your time, especially if you are a first-time buyer.
Buying your first home is an exciting time but can also be an intimidating or anxious experience.
At American Mortgage, we specialize in assisting first-time homebuyers and will be with you every step of the way.
The Indiana Housing & Community Development Authority (IHCDA) is proud to have made the process of buying a home a reality for thousands of families, offering programs that assist with making down payments, getting low interest rate loans and even special programs for families that live in rural areas.
At American Mortgage, we specialize in assisting first-time homebuyers and will be with you every step of the way.
The Indiana Housing & Community Development Authority (IHCDA) is proud to have made the process of buying a home a reality for thousands of families, offering programs that assist with making down payments, getting low interest rate loans and even special programs for families that live in rural areas.
FHA loans are underwritten to comply with guidelines set forth by the Federal Housing Administration under the Department of Housing and Urban Development (HUD).
FHA loans permit buyers to buy a home with a down payment as low as 3.5% and allow gift funds from family.
FHA loans also allow financing of improvements or repairs whether buying or refinancing a home.
Mortgage insurance is required, provided by HUD and requiring an up-front premium which is typically financed and a monthly premium which is paid as a part of the monthly house payment.
FHA loans permit buyers to buy a home with a down payment as low as 3.5% and allow gift funds from family.
FHA loans also allow financing of improvements or repairs whether buying or refinancing a home.
Mortgage insurance is required, provided by HUD and requiring an up-front premium which is typically financed and a monthly premium which is paid as a part of the monthly house payment.
Refinancing means obtaining a new loan against a property you already own, paying off an existing mortgage which has a higher interest rate or longer term, or to borrow for other purposes as you may desire, such as paying off other obligations or financing other purchases or expenses, etc.
Your home is typically the most valuable asset you own and your loan payment your largest monthly obligation.
Making sure that you have the best loan possible is an important financial decision.
There are various scenarios where refinancing may make sense and we assist with determining whether refinancing is truly in your best interest and selecting the most appropriate program if so.
Your home is typically the most valuable asset you own and your loan payment your largest monthly obligation.
Making sure that you have the best loan possible is an important financial decision.
There are various scenarios where refinancing may make sense and we assist with determining whether refinancing is truly in your best interest and selecting the most appropriate program if so.
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