In the News

Chattel manufactured homes found to refi far less often than mortgages

June 3, 2021

National Mortgage News

“Manufactured housing is becoming an increasingly viable option for middle-income families, due to the lack of affordable housing inventory,” writes Laura Brandao, president of mortgage lender American Financial Resources, in an email. “On any given day more than half of our pipeline is loans being processed for manufactured homes.” (Manufactured housing has been a specialty of AFR’s so its volume is particularly high.)

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AFR offers variety of VA loans

May 26, 2021

Rob Chrisman's Daily News & Commentary

In honor of Military Appreciation Month and Memorial Day, AFR Wholesale would like to remind you of the wide variety of VA loans it offers, with amazing benefits! Backed by the Department of Veterans Affairs, VA loans can provide up to 100% financing, low interest rates and fixed payments.

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AFR Reinstates Its Conventional OTC

April 23, 2021

National Mortgage Professional

Rounding out AFR’s comprehensive suite of OTC financing, Conventional OTC allows qualified home buyers to secure loans that combine the cost of home construction, lot purchase or land payoff, and permanent mortgage loan into a single closing, according to a press release.

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American Financial Resources brings back one-time close loans

Mortgage Professional America

American Financial Resources (AFR) has brought back its conventional one-time close (OTC) financing, which allows qualified borrowers to secure loans that combine the cost of home construction, lot purchase or land payoff, and permanent mortgage loan into a single closing.

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Manufactured homes get a boost as inventory crisis persists

March 24, 2021

National Mortgage News

AFR President Laura Brandao as quoted in this article, “At AFR, we’ve seen an increase of more than 10% in loan volume specifically for manufactured homes, year over year, for the last two years,” said President Laura Brandao in an email.

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AFR Adds New Loans for Singlewides as Manufactured Home Options Grow

March 10, 2021

National Mortgage News

American Financial Resources on Tuesday announced it added conventional financing for a particularly small and affordable type of manufactured home that could be used to help address inventory shortages in the market. As one of the few mortgage firms that finances singlewides, AFR’s decision to offer the product will lend momentum to major government-sponsored loan buyers’ efforts to expand their manufactured housing programs.

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