AMERICAN FINANCIAL RESOURCES, INC.

We Specialize in Flexible FHA Manual Underwriting.

Please visit our new site at www.afrwholesale.com

American Financial Resources, Inc. is a Wholesale FHA lender. The AFR Team combines common sense, manual underwriting, with industry leading technology, to close FHA loans quickly, efficiently and hassle-free. We offer a hands-on approach to underwriting file submissions. In a lending environment dominated by credit scores and automated approvals, we firmly believe that there is no substitute for experience and outstanding customer service.

At AFR Wholesale, we are not merely and FHA Lender; we are your FHA lending partner. Whether you have been closing FHA loans for years, or only for days, we are here to answer your questions, train your staff and show you why our motto is, "FHA, the easy way!"

                    Flexible FHA Guidelines!
               • 2x30 Mortgage History OK With Compensating Factors
               • Standard FHA Ratios: 31/43
                       ∞ AT AFR, 50 DTI is OK With Compensating Factors
               • No Tiered Pricing
               • Alternative Tradelines are Acceptable
               • No Limits on Cash-Out
               • First Time Homebuyer Program - No Housing History Requirement
               • Maximum LTV Parameters:
                    ∞ R/T Refinance - 97%
                     ∞ Purchase – 97.75% (1-4 family)
                      ∞ Cash-Out Refinance – 95% (1-2 Family); 85% (3-4 Family)
               • 3% Downpayment Funds can be a Gift, Savings or Grant
               • Gift – no evidence required for donor ability
               • 6% Seller’s Concession Allowed on All Purchase Transactions
               • BK 7 Discharge: 2 Years Seasoning
                    ∞ 1 Year Seasoning Considered With Extenuating Circumstances
               • Chapter 13 Buyout Program - Cash Out is Allowed
               • Non-Occupying Co-Signer Programs
               • Streamline Refinance Program
               • Consistent, Reliable Loan Decisioning with the Score-It Engine
               • Cutting Edge Technology (Webtrac) & Constant Communication

FHA, the easy way!

CLICK HERE - ALL ABOUT FHA & AFR (PDF)

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FHA, the easy way!

AMERICAN FINANCIAL RESOURCES, INC
FHA Wholesale Division
273 East Main Street ◊ Denville, NJ ◊ 07834
Office Phone: (888)664-2101 ◊ Fax: 973-494-0322

Licensed in: AL, CT, NJ, NY, PA, MA, DE, VA, MD, NC, SC, GA, FL, KY, TN, OH, MO, TX (purchase only), NM, CA, WA

©2007 AFR Wholesale, All Rights Reserved

EQUAL HOUSING LENDER
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. # 22646; Massachusetts Mortgage Lender and Mortgage Broker License No. MC 3739; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department; Registered with the Pennsylvania Banking Department.
Information, rates and pricing are subject to change without prior notice at the sole discretion of American Financial Resources, Inc. Some products may not be available in all states. All loan programs subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions apply. All rights reserved.