In the News

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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Factory Savings – By Bill Packer

March 1, 2021

Scotsman 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.

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Helping Bring Families Home

February 24, 2021

The 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.

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6 Facts About VA Loans That You May Not Know – eLEND

February 9, 2021

Redfin

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.

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Say “YES” to Mentoring! – By Laura Brandao

January 18, 2021

Mortgage 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.

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Should you refinance your mortgage in 2021?

January 12, 2021

Bankrate

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.

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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.

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