Originators who aren’t already in the new-home marketplace need to seriously consider utilizing homebuilder outreach and diversified lending partnerships as part of their 2020 business plans. The figures from this past August are a clear reflection of the robust health of the new-construction market. Buoyed by low mortgage rates and rising household incomes, demand for new homes remains strong.
American Financial Resources, Inc.
Established in 1997 and based in Parsippany, NJ, AFR has evolved adding both B2B (AFR) and B2C (eLEND) residential mortgage divisions. We serve thousands of mortgage brokers, bankers, lenders, homeowners, home buyers, realtors and contractors nationwide, with their residential financing needs. We are driven by our incredible employees and their desire to help families across the country obtain their dream of homeownership.
- Full service mortgage lender nationwide
- Serving Wholesale, Correspondent, and Consumer Direct Channels
- Diverse delivery options including FHA, VA, USDA, Ginnie Mae, Fannie Mae and Freddie Mac
- Ranked #1 in 203(k) lending for sponsored originations*
- One of the nation’s leading renovation and manufactured home lenders
- We offer an extensive program suite, eclectic channels of operations and cutting-edge technology
AFR Gives Back
We are dedicated to the pursuit of growth and education, while also being an active member in many of the communities which we serve. Every year we sponsor and participate in a number of charitable events and work to enhance the business and social environments throughout our footprint.Learn more about the ‘AFR Gives Back‘ program >>
In the News
Veterans Day might have come and gone, but AFR strives to help veterans, and their families, all year long. With over two decades of VA Loan experience, AFR remains dedicated to helping its clients make financing possible for eligible military men and women by offering a robust VA financing product portfolio including: VA Renovation, VA One-Time Close, VA IRRRL and VA Jumbo loans....
AFR has announced that beginning Friday, November 8, a 3.5% grant option will be available in the DPA Advantage (Down Payment Assistance) Program, allowing eligible home buyers to qualify for the full 3.5% required down payment. In addition to helping first-time and moderate-income home buyers, DPA Advantage is also available to make the dream of homeownership easier for first-responders, educators, medical personnel, civil servants, and military personnel.