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.
In the News
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.
American Financial Resources Reinstates Conventional OTC Financing
April 22, 2021PR Newswire
American Financial Resources, Inc. (AFR) has reinstated its Conventional One-Time Close Construction-to-Permanent financing and will begin accepting new applications on May 3, 2021.
The growing support for female mortgage executives – By Laura Brandao
April 15, 2021HousingWire
After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves.
Manufactured homes get a boost as inventory crisis persists
March 24, 2021National 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.
American Financial Resources Doubles Disbursement Limit for One-Time Close
March 18, 2021PR Newswire
American Financial Resources, Inc. (AFR) announces an enhancement to their One-Time Close Construction-to-Permanent (OTC) program — increasing the maximum amount of initial disbursement for land acquisition or payoff to $150,000, doubling the prior initial disbursement limit.
AFR Adds New Loans for Singlewides as Manufactured Home Options Grow
March 10, 2021National 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.
Laura Brandao – The Mortgage Industry’s Effervescent Servant Leader
Insights Success Magazine
As President of American Financial Resources, Laura Brandao is the magnetic leader who helped launch a needed networking organization for women in the mortgage industry, while cementing AFR as one of the nation’s leading specialty lenders.
American Financial Resources Adds Conventional Financing for Singlewides
March 9, 2021PR Newswire
American Financial Resources, Inc. (AFR) now offers Conventional financing for singlewide manufactured homes, in addition to their existing financing options for singlewides from the Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA).
Factory Savings – By Bill Packer
March 1, 2021Scotsman Guide
Home prices continue to skyrocket across the country, putting the American dream out of reach for many people. One solution to this price crunch is manufactured housing.
Helping Bring Families Home
February 24, 2021The Business Fame
Many Americans dream of someday owning their own home. Featured as our cover story of The Business Fame’s issue of “The Most Influential Businesswomen to Follow in 2021,” Laura Brandao, president of American Financial Resources, is passionate about helping bring families home, and empowering other women in the industry.
6 Facts About VA Loans That You May Not Know – eLEND
February 9, 2021Redfin
From purchase, refinance, and home construction options to financing for manufactured homes (including single wides), there are a wide variety of VA loan products to choose from. Check out more from eLEND in this article dedicated to facts about VA Loans.
8 Key Steps to Buy a Manufactured Home, Bill Packer quoted
January 28, 2021HOMEiA
“Manufactured homes can often cost less than renting while providing superior finish-outs to a comparably priced single-family stick-built home,” explains Bill Packer, EVP and COO of American Financial Resources, Inc.
Take advantage of the complimentary webinars offered by AFR Wholesale
January 20, 2021Rob Chrisman's Daily News & Commentary
Looking to grow your business in 2021? Take advantage of the complimentary webinars offered by AFR Wholesale™ (live and on-demand) including topics such as Manufactured Housing, One-Time Close, and more.
Say “YES” to Mentoring! – By Laura Brandao
January 18, 2021Mortgage Women Magazine
January is National Mentoring Month, and a new year is the perfect time to explore the positive impact that mentoring can have. Whether you are the mentor or the mentee, there are a myriad of benefits. In fact, mentoring has proved so beneficial that 71 percent of Fortune 500 companies offer mentoring programs to their employees.
Should you refinance your mortgage in 2021?
January 12, 2021Bankrate
The biggest question is whether refinancing makes sense for you. Bill Packer, executive vice president and chief operating officer of eLEND, provides a quick tutorial on factors to consider.
Converting a mobile or manufactured home to real property
January 11, 2021The Mortgage Reports
eLEND’s Vice President of Origination Christopher Guerin provides insights on this topic, including the differences between manufactured, modular and mobile homes.
Mortgages for Self-Employed Borrowers: What to Know
Ownerly
Bill Packer, executive vice president and chief operations officer at American Financial Resources, said to be prepared to provide additional documentation. “If you’re considered self-employed, you will be asked to provide things beyond the standard pay stubs,” Packer said.
2020 and the unprecedented purchase market – By Laura Brandao
December 17, 2020Mortgage Professional America
Despite the fact that the economy is in a challenging place right now, home purchases remain strong. With homes selling as soon as they are listed, this real estate market is the biggest selling market I’ve ever seen.
Bill Packer added as Chair of MBA’s Residential Committee
December 7, 2020HousingWire
The Mortgage Bankers Association (MBA) announced Bill Packer, COO and EVP of American Financial Resources, will be a Chair of the 2021 Residential Committee, along with three other leaders within the mortgage banking community.