Make your dream home a reality with American Equity Mortgage. Their services allows for specialization in all things home-related loans from first-time loans to refinancing options, bill consolidations and even equity line of credit. Not only that, but because they’re a direct online-centralized lender, this allows for better low-rates and the ability to work with even less-than-perfect credit scores. When you are financially secure, you are in a better place. And that’s just where American Equity wants you to be.
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American Equity Mortgage Summary:
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- Account Type: Mortgage Loans
- Availability: CA, CO, FL, GA, IL, IN, KS, MN, MO, NC, OK, OR, PA, TX, UT, VA, WA
- Expiration Date: None
- Additional Advise: Have the necessary documents and validation information ready to make your process as smooth as possible.
- Closing Loan: Standard lock period is 15-30 days
American Equity Mortgage Options:
- Fixed Rate – A mortgage for which the interest rate will remain the same throughout the entire term for the original borrower.
- ARMs – A mortgage in which the interest rate is adjustable periodically based on a pre-selected index.
- Jumbo – Jumbo mortgages are a good solution for borrowers looking to purchase a higher priced home.
- VA – A loan guaranteed by the U.S. Department of Veteran Affairs (VA) to help veterans and their families acquire financing.
- FHA – A loan insured by the Federal Housing Administration. An FHA Loan is usually available at an attractive lower rate, and is open to all qualified borrowers.
- USDA – A loan for non-farm homeowners in rural areas guaranteed by the United States Department of Agriculture’s (USDA) Rural Housing Service.
- Home Equity – Not currently available. N/A
American Equity Mortgage Features:
- Exceptional customer care
- Quality, competitive loan options
- Hundreds of different home loan programs including money-saving debt consolidation home loans, mortgage refinancing, and home purchase loans
- Equal Housing Lender
- Licensed in California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Minnesota, Missouri, North Carolina, Oklahoma, Oregon, Pennsylvania, Texas, Utah, Virginia, and Washington
American Equity Mortgage
Basic Requirements:
Below are examples of supporting documents which may be included in a loan file:
Income Documents:
- Pay Stubs covering the customer’s most recent two pay periods for each applicant.
- W-2 Forms for the previous two years.
- Two most recent years’ federal tax returns (e.g. for a loan in 2015, the customer need to submit the customer’s 2014 and 2013 federal tax returns). All the pages and all schedules.
- If the customer is self-employed, the two most recent years’ business tax returns are also needed.
- For self–employed or investment income, the two most recent years’ 1099’s and K-1 forms are also needed
- For self–employed business income,year-to-date profit and loss statement and balance sheet.
- For retired customers, copy of Social Security and/or Pension “award letters” detailing the amount of retirement income.
Asset Documents:
- Two most recent months’ bank statements. All of the pages.
Other Documents:
- Homeowner’s Insurance statement(s) for all properties owned showing the customer’s coverage and the annual premium.
- Mortgage statements for all properties owned that have liens.
- Copy of driver’s license or State I.D.card for all customers.
- If divorced, the customer’s fully executed divorce decree.
Conclusion:
With a variety of home loans available, American Equity Mortgage can help you choose the one that fits your individual needs, making your home-buying dreams a reality and so much more stress-free and convenient on you. American Equity Mortgage strives to make the entire loan process easy to understand and free of complications. They work with you during every phase and are more than happy to answer any questions. If you’re interested, be sure to try out their useful tools: Mortgage calculator, pre-qualification toolbar, mortgage checklist and so much more under their “Resources” tab. If you’re currently not interested, be sure to check out our Best Mortgage Rates!