Bulletins08/05/2015

AFR introduces VA One-Time Close. We offer Construction to Permanent loans for new manufactured, modular homes, and one unit stick built homes. Our One-Time Close program provides construction financing, lot purchase and Permanent loan, all wrapped up in one loan.

[ Read Bulletin ]

Bulletins08/05/2015

AFR introduces VA One-Time Close. We offer Construction to Permanent loans for new manufactured, modular homes, and one unit stick built homes. Our One-Time Close program provides construction financing, lot purchase and Permanent loan, all wrapped up in one loan.

[ Read Bulletin ]
Testimonial - Tina McGuffey

Thanks Erica. You rocked this for us today!!! We greatly appreciate it. A special thanks to Caitlin for helping us get to the end and getting us cleared for today. We really do appreciate you.

- Tina McGuffey


AFR Wholesale, a division of American Financial Resources, Inc. is a nationwide wholesale residential mortgage lender headquartered in Parsippany, NJ. We are a Ginnie Mae issuer, Fannie Mae and Freddie Mac Seller/Servicer, FHA Mortgagee, USDA National Lender and VA Automatic Lender. We currently serve thousands of mortgage brokers and lenders throughout this great country with their residential financing needs. In business since 1997, American Financial Resources, Inc. has grown to one of the largest wholesale lenders in the country.


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Current Approval / Conditions Turn Times


Government Conventional VADelegated Correspondent (CDE)
Purchase Approvals 4 Days 4 Days 7 Days Approvals 4 Days
Refinance Approvals 4 Days 4 Days 7 Days Conditions 2 Days
Conditions 2 Days 2 Days 2 Days
Purchase Docs* 3 Days 3 Days 3 Days
Refinance Docs * 2 Days 2 Days 2 Days


Current Closing Turn Times for Docs


*TX/LA Docs *FHA 203(k) Docs *FHA OTC Docs
2 Days 2 Days 5 Days


Important:

  • The Turn time starts once the file is placed in submitted status
  • Turn Times = Business Days
  • All AFR loans are required to be reviewed by AFR’s QC Department; this process will add at least 48 hours to the overall turn time after all conditions have been reviewed.
  • The above listed turn times do not include USDA – GRH loans.