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Why Apply to American Mutual Mortgage?
 We
make loans to people. We care about you, and we will carefully listen
to your requests. We can be creative if needed in order to help
you accomplish your borrowing needs.
We are Not
a Bank—
We say "Yes" when Banks say "No"!
You do not have to fit "our lending guidelines" as with a bank.
We will find a lender to meet your borrowing needs. We also
make loans directly to borrowers from our own funds. We sometimes
make loans with no financial information provided by the borrower
whatsoever. We are able to arrange loans when many others may "throw
their hands up."
Non-conforming
Property
Do you need money fast? Credit problems? Do you own a mixed-use property? Have an unusual borrowing situation? Need construction work done? Just found out your broker has been shopping your loan all around town, promising a loan he can't fund? Tired of getting the run-around? Are there problems you'd rather not state? We really may have a loan for you. Call us for a quote.
We look at all
the facts and arrange a unique loan around you. If we are
unable to arrange the type of loan you want for whatever reason,
we'll tell you so. If we know a broker who can help you, we'll refer
them to you with your permission. It's that simple.
Hard Money
Loan
What is a hard money loan? It's a loan you need now based on the
information
you are able to provide to us and is secured by the real estate
you own. Usually the documentation required is less than a bank.
Many times conventional sources will not fund the loan requested.
It may take creativity. It may require speed. The funds come from
a private investor.
Credit Problems
/ Bankruptcy
We arrange loans for borrowers with all types of credit. Great credit,
poor credit, bankruptcy, we still may be able to help because loans
are based primarily upon equity in your real estate.
Please view our online copy of the California Department of Real
Estate publication entitled
"Using the
Services of a Mortgage Broker."
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Loan Amounts:
From $25,000 to $3 million.
Property types:
- Single
Family Homes
-
Commercial
- Mixed
Use Properties
- Single
Use Properties
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- Multi-Family
Homes
- Industrial
- Vacant
Land
- Problem
Properties
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Loan to
Value Ratios:
- Up to 35% LTV on vacant land
- Up to 65% LTV on improved properties
(The
Loan to Value Ratio, also referred to LTV, can be determined by
dividing the amount of the loan by the value of the property.)
Loan Terms:
- One to
Fifteen years
- Interest
rates of 8.5% and up
Loan Types:
- First,
Second, and Third Trust Deeds
- Refinances
- Substandard
property
- Collateral
loans available on existing Trust Deeds
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