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Loan Programs

Available Loan Programs


A fixed rate mortgage is typically available in different term lengths and has an unchanging interest rate throughout the loan period as opposed to loans where the interest rate may adjust or "float". Fixed rate mortgages benefit in that they give a borrower the ability to lock in a low interest rate and enjoy fixed monthly payments over the life of your loan.


A great choice for first time homebuyers and individuals with less than excellent credit, this federally backed loan for up to $417,000 (or more, in high-cost areas; see loan limits) is offered at competitive rates with fixed terms available from 10-30 years. Down payment assistance may also be available. For those looking to refinance, borrow up to 85% loan-to-value at a lower rate and own your home sooner by choosing a shorter term loan.


Veterans and surviving spouses finance up to 100% of your new home’s value up to $417,000 (or more, in high-cost areas; see loan limits), or refinance, with no money down, no appraisal fee, and no private mortgage insurance premium (PMI). You can even fold closing costs into your loan. Refinance with minimal paperwork in as little as 21 days. Lower credit scores accepted from qualified buyers.


Offered at a special low interest rate for a limited time, an ARM can be an ideal loan for those who plan on remaining in their new home for less than seven years, or for those expecting an increase in their income down the road. Borrow up to $417,000 (or more, in high-cost areas; see loan limits), no penalty to refinance at a later date. An annual ARM where the interest rate is recalculated each year is also available.

203(K) REHAB

Pay for home repairs before you move in when you purchase, or refinance, using the FHA 203(k) Streamline Rehabilitation loan. Fund up to $35,000 of upgrades and renovations and take up to six months to complete the work. For renovations in excess of $35k ask about the FHA 203(k) Standard Loan.


With a USDA Rural Development Home Loan, qualified borrowers can purchase or refinance a designated U.S. Department of Agriculture rural property up to 100% loan-to-value with certain fixed rate mortgage. These loans are not limited to first time homebuyers, and no down payment is required. Flexible credit guidelines apply.


If you owe more on your Fannie Mae or Freddie Mac mortgage than your home’s current value, updates to the Federal government’s recently expanded Home Affordable Refinance Program (HARP) may allow you to refinance at a lower rate and save. No appraisal required in most cases. Refinance up to $417,000 (or more, in high-cost areas; see loan limits) and fold closing costs into the loan. Even if you’ve been turned down for a HARP loan before, if you’re still underwater, now is the time to see if you qualify!

HECM/Reverse Mortgage

AFN offers an array of Home Equity Conversion Mortgage (HECM) programs, also known as Reverse Mortgages. If you are 62 years of age or older, you can can tap into the equity in your home with this unique mortgage. If you own your property outright—or have considerable equity—and will occupy the home, and have financial resources for property-related expenses such as property taxes and insurance, you can receive monthly payments or a line of credit while retaining ownership of your home.

American Financial Network, Inc. is not acting on behalf of or at the direction of HUD/FHA or the federal government. Borrowers must continue to make property tax, insurance, and other maintenance payments in order to avoid risk of default.

HIP (Home Improvement Program) Mortgages

FHA Streamline 203(k)

The FHA 203(k) Streamline HIP is the Ideal solution for people who own or wish to purchase a home in need of renovation or repair. Borrow up to $35,000 in additional financing for projects designed to improve single family properties with the FHA 203(k) Streamline loan. Use the funds to repair or replace plumbing, electrical. roof, gutters, flooring or to remodel the kitchen or bathroom. Lower energy costs by installing new windows and doors or improve accessibility for the disabled. This home improvement loan is available for purchases and refinances, and is limited to non-structural renovations.

FHA Standard 203(k)

For homes with more complicated renovation projects that may involve structural changes, AFN’s Standard 203(k) HIP offers the funding you need. Projects in excess of $35,000, such as adding a room or remodeling a kitchen or bath can be rolled into the mortgage loan. Use the funds to repair or replace structural damage, chimney repair, additions to the structure, installation of additional bathroom, finish an attic or basement, repair termite damage, and more. The Standard 203(k) loan even allows for up to six mortgage payments to be included as part of the renovation funds to cover the period when the home is uninhabitable.

Fannie Mae HomeStyle

Why take out a home equity line of credit or a second mortgage to make moderate improvements or renovations? A Fannie Mae HomeStyle Renovation mortgage from AFN is an economical and convenient alternative way to make repairs and renovations as part of a first mortgage. Make improvements and modernize the home, eliminate health and safety hazards, replace plumbing, install new windows and doors for energy conservation, improve the exterior with major landscaping, upgrade the home with handicap accessibility, and more.

Non-QM Investors Impac, Galton Funding, Republic Bank

Impac AltQM Agency Plus

This program is designed for those with higher credit scores (680 and above) who seek conforming or high balance loans up to $3 million, have a debt-to-income ratio of 50% or less, own multiple financed properties, have fully documented income and assets, and/or are Foreign Nationals. If your needs fall under any of those specs, this could be the mortgage financing you seek.

Impac AltQM Alt Doc

This program allows for credit scores as low as 680, conforming or high balance loans up to $3 million, a debt-to-income ratio of 50% or less, and offers two qualification options. With option one, qualification is based on verified liquid assets; and option two appeals to self-employed borrowers who can provide 12 months bank statements and traditionally documented assets (asset amortization formula may be used to derive additional qualifying income).

Impac AltQM Investor

If you are an experienced real estate investor looking to purchase or refinance investment properties, this could be a perfect fit. Qualification is based on cash flows of the property for this ideal investor’s loan, which allows for credit scores as low as 680 and cash out for business purposes.

Galton Funding Nonprime, QM and Non QM

This program has options for the self-employed, as well as wage earners, and offers Full Documentation or Alt Doc (which is 24 months of bank statements for self-employed, or 12 months of bank statements for wage earners). Credit scores as low as 560 are allowed, and events such as bankruptcy or prior foreclosure are acceptable with 1-2 years’ seasoning (contact AFN for more details).

Republic Jumbo

This program is an Adjustable Rate Mortgage (ARM) that offers loan amounts up to $2 million for owner-occupied purchases, up to $1.5 million for a 2nd Home purchase or rate/term refinance, and up to $2 million for a owner-occupied cash-out refinance (with maximum cash out of $250,000). If your lending needs include jumbo loan amounts, up to $2 million, and you seek an ARM loan, this could be the right fit for your needs.

Republic Portfolio

This is an Adjustable Rate Mortgage (ARM) that offers maximum loan amounts up to the greater of $417,000 or the maximum Federal Housing Finance Agency (FHFA) loan limit for the county in which the property is located. There are Owner-occupied and 2nd Home purchase options, as well as Rate/Term Refinance and Cash-out Refinance options. Events such as bankruptcy or prior foreclosure require 5 years’ seasoning. If you have demonstrated an ability to pay housing costs (rent or mortgage) for the last 24 months and have a credit score of 680 or higher, you can borrow up to 90% of an Owner-occupied purchase, 85% of a 2nd Home purchase (or 2nd Home rate/term refinance), or 85% of a Cash-out Refinance (max $150,000 cash out).

DPA/MCC Programs

AFN Down Payment Assistance Programs

Do you have the income to afford monthly mortgage payments, but are struggling to come up with the cash needed for a down payment and closing costs? Now you can take advantage of historically low interest rates instead of paying rent that only goes up. If you’re a first-time homebuyer, a Veteran, or haven’t owned a home in the past three years, don’t get locked out of a fixed low interest rate loan because you don’t have the cash to close. Call AFN today to see if you qualify.

Brokered products may have higher rates or different terms than conventional loan products. Additional Terms and Conditions may apply. Contact your loan professional for more details.
American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.

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  • American Financial Network, Inc. is licensed by the California Department of Business Oversight under the Finance Lenders Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker’s License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where AFN is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only.