Loan Programs

At AMC we strongly believe in allowing our clients to choose. While our signature loan is our No Cost Loan we also provide you with the choice to pay points and/or fees to obtain a lower interest rate. The choice is yours. To see a comparison of the savings involved in a No Cost Loan versus a Fee Loan, click here.

The first choice in selecting the best loan for you is to decide if you would like a No Cost Loan OR a Fee Loan:

• NO CLOSING COST LOAN

This is AMC’s signature loan. We pay all the non-recurring closing costs and fees associated with your loan. If you expect to be in your home for less than 10 years, you may benefit from a No Cost Loan. This type of loan is intended for owner occupied, single family residence with related loan to value ratios of less than 90% and a middle FICO score of 620. The minimum loan amount for our No Cost Loan program is $150,000.

• FEE LOAN

If you plan on keeping this home loan longer than 7 years, a Fee Loan may work best for you. With this loan type, you pay fees and/or points associated with your loan in exchange for a lower interest rate. One of our experienced loan officers will work with you to find the program best tailored to your needs and budget.

Once you have selected a No Cost Loan or a Fee Loan we specialize in 4 types of loans:

• Fixed Conforming
  -Loan amounts between $100,000 to $417,000 for 1 unit;
  $533,850 for 2 units; $645,300 for 3 units; and $801,950 for 4 units.
  
  
• Fannie Level I, II, III
  -Provides the best rates for credit challenged borrowers to refinance and purchase properties accepting middle credit scores at times as low as 580 points.
  
  
• Fixed Jumbo
  -Loan amounts over $417,000 with a fixed interest rate.
  -Available in 30, 25, 20 and 15 year loans.
  
  
• Interest Only
  -Need a break from paying your principle? This loan may be just for you. Pay only the interest while using the principle for college tuition, debt consolidation, or whatever life may throw your way.
  -Available in 5 and 3 year loans.
  
  
• B–C Paper
  -Low credit rating from 640 to 580 may still allow you to qualify for a refinance and purchase loan.
  -Anytime your credit score is low you should not get a prepayment penalty so that you can refinance as soon as your credit score improves and avoid paying a high interest rate. Some prepayment penalties may be as high as $25,000 to pay off a loan early.
  -We offer B-C paper loans.

Call us today at (800) 610-0000 and we will work with you in figuring out which program will benefit YOU!