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.
In the News
AFR strives to help veterans, and their families, all year long.
November 13, 2019Rob Chrisman's Daily Mortgage News & Commentary
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….
New 3.5% grant option available in DPA Advantage (Down Payment Assistance)
November 6, 2019Rob Chrisman's Daily Mortgage News & Commentary
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.
Laura Brandao Named One of Most Powerful Women in Mortgage Banking in 2019
October 10, 2019National Mortgage Professional Magazine
AFR President Laura Brandao has been named one of National Mortgage Professional Magazine’s Most Powerful Women in Mortgage Banking.
American Financial Resources and Finicity Partner to Simplify the Mortgage Experience
Finicity
American Financial Resources, Inc. (AFR) announced today it is working together with Finicity—a leading provider of real-time financial data access and insights, to provide its business partners and their borrowers with a faster, simpler and more secure way to verify assets and income while originating loans.
What Should Tech Do For You?
October 1, 2019Scotsman Guide
AFR COO Bill Packer explains that in an increasingly digital world, one of the best investments that lenders can make is in technology. This includes providing a menu of tools to support their originator partners, so they can find the right solutions for their clients.
Lender Price Adds AFR’s Products to Its Pricing Engine
September 13, 2019National Mortgage Professional Magazine
Lender Price has announced the addition of American Financial Resources Inc. (AFR) loan products to its pricing engine library.
Assemble the American Dream – Bill Packer
September 5, 2019Scotsman Guide
As more and more families opt to build their American dream this way, learning the financing options to fund these construction-to-permanent manufactured homes may become a prerequisite for building your business as a mortgage originator.
If you’re thinking about a Renovation Loan, it makes sense to partner with AFR
August 15, 2019Rob Chrisman's Daily Mortgage News & Commentary
If you’re thinking about a Renovation Loan, it makes sense to partner with a trusted expert like AFR Wholesale! AFR’s Renovation Portal not only provides AFR’s lending partners with the ability to view loan activity throughout the loan origination cycle, its partners can also view progress on the project even after the loan has closed.
2019 Woman of Influence: Laura Brandao
August 2, 2019HousingWire
Laura Brandao is president of American Financial Resources, and the driving force that has catapulted AFR to the top of manufactured home, one-time close, and renovation lending in the U.S.
AFR’s One-Time Close Suite of Products
July 19, 2019Rob Chrisman's Daily Mortgage News & Commentary
AFR Wholesale’s One-Time Close offerings include FHA, VA, USDA and Conventional OTC programs. Designed to simplify the financing process for homebuyers, eliminating the need to obtain a construction loan and permanent mortgage,…
American Financial Resources, Inc. Offers Pricing on ARIVE
July 15, 2019PR Newswire
American Financial Resources, Inc. (AFR) is pleased to announce that its pricing is now available in the ARIVE lender marketplace, a digital platform developed to serve independent mortgage experts. AFR continuously works to bring to market innovative solutions to streamline and simplify the lending process and support mortgage brokers.
Wharton Op-Ed Cites Need for More Hands-on Housing Policy
July 10, 2019National Mortgage Professional Magazine
“Very interesting article about the need for affordable housing and the negative effects on certain demographics,” Brandao said on her LinkedIn page. “As mortgage professionals, we need to continue to be a trusted advisor for the families who have put their trust in us, whether it’s purchasing a home as a multigenerational household,buying the fixer upper, building a new home in a rural area or purchasing a manufactured home we need to provide the expertise to guide them home.”
Stock Up With a Full Set of Loan Options
July 1, 2019Scotsman Guide
Bill Packer explains why being well-versed in a variety of loan programs is a good idea for originators in any market, as it will allow you to provide a range of options to your clients and keep business flowing even when traditional purchase loans aren’t in demand.
Women Leading the Finance Industry with Laura Brandao and Tyler Gallagher
June 21, 2019Thrive Global
I had the pleasure of interviewing Laura Brandao. Laura’s vision of bringing families home has become the foundation of the culture at AFR. For the past 12 years she has developed a mindset within the company to make it the personal responsibility of each employee to bring the families of AFR’s lending partners home.
AFR proud to be Gold Sponsor of AIME Mortgage Expert Workshop: Broker All-Stars
June 13, 2019Rob Chrisman's Daily Mortgage News & Commentary
AFR Wholesale was proud to be a Gold Sponsor of yesterday’s AIME Mortgage Expert Workshop: Broker All-Stars, and remains committed to supporting the success of independent mortgage brokers. In addition to having a booth at the Workshop and sponsoring the closing Mix & Mingle, AFR’s President Laura Brandao moderated the insightful Master the Art of Recruiting panel.
AFR’s Construction-to-Permanent OTC program now features new lower pricing
June 10, 2019Rob Chrisman's Daily Mortgage News & Commentary
Great news! AFR’s Construction-to-Permanent One-Time Close (OTC) program now features new lower pricing (be sure to check it out). This is just another example of how AFR continuously improves their programs based on client feedback.
AFR Ranked as a National Top Mortgage Lender
June 4, 2019PR Newswire
American Financial Resources, Inc. (AFR) has been honored again as a Scotsman Guide Top Mortgage Lender. Recognized as one of the nation’s leading companies in overall volume, AFR ranked 10th in correspondent volume and moved up to 14th in wholesale volume.
American Financial Resources Joins Next Step Network
May 14, 2019National Mortgage Professional Magazine
“American Financial Resources’ expertise in the mortgage industry is a welcome addition to our growing network,” said Stacey Epperson, president and founder of Next Step Network. “Their participation in the SmartMH program will provide a path to sustainable, affordable homeownership for individuals across the nation.”
AFR rolls out a simplified Construction One-Time Close program
May 2, 2019Rob Chrisman's Daily Mortgage News & Commentary
Have you heard? Adding to its growing roster of differentiated programs to support its lending partners, AFR is rolling out a simplified Conventional One-Time Close (OTC)/single-close construction program.