American Financial Resources, Inc. (AFR) announces an enhancement to their One-Time Close Construction-to-Permanent (OTC) program — increasing the maximum amount of initial disbursement for land acquisition or payoff to $150,000, doubling the prior initial disbursement limit.
American Financial Resources on Tuesday announced it added conventional financing for a particularly small and affordable type of manufactured home that could be used to help address inventory shortages in the market. As one of the few mortgage firms that finances singlewides, AFR’s decision to offer the product will lend momentum to major government-sponsored loan buyers’ efforts to expand their manufactured housing programs.
American Financial Resources, Inc. (AFR) now offers Conventional financing for singlewide manufactured homes, in addition to their existing financing options for singlewides from the Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA).
Home prices continue to skyrocket across the country, putting the American dream out of reach for many people. One solution to this price crunch is manufactured housing.
“Manufactured homes can often cost less than renting while providing superior finish-outs to a comparably priced single-family stick-built home,” explains Bill Packer, EVP and COO of American Financial Resources, Inc.
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Looking to grow your business in 2021? Take advantage of the complimentary webinars offered by AFR Wholesale™ (live and on-demand) including topics such as Manufactured Housing, One-Time Close, and more.
The Mortgage Bankers Association (MBA) announced Bill Packer, COO and EVP of American Financial Resources, will be a Chair of the 2021 Residential Committee, along with three other leaders within the mortgage banking community.
American Financial Resources Inc. introduces Streamline Express, offering an expedited process and special pricing for eligible FHA refinances. The company saw the recent steep decline in interest rates as an opportunity to improve the refinance process.
William Packer, Executive Vice President and Chief Operating Officer with American Financial Resources Inc., Parsippany, N.J., said nearly everything the sector does for customers and internal teams changed due to the pandemic and will change again quickly.
National Mortgage Professional
AFR’s Chief Technology Officer Scott Dubnoff explains the need for financial service providers to offer customer-centric services capable of combining speed and flexibility in order to compete in today’s market.
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