Loan Programs
Seth Daniels NMLS #262329 and American Financial Network, Inc. offer a variety of products and programs to serve the needs of a broad spectrum of borrower types (first-time homebuyers, homeowners who want to refinance, investors, self-employed), geographic areas (urban, suburban, rural), income levels, purchase types (single-family residence, second home, or investment property), credit profiles, and other loan features.
Owner Occupied - Products
Conventional
Conventional Conforming loans meet the underwriting requirements of Fannie Mae and Freddie Mac, the two most prominent government-sponsored enterprises (GSEs) that are regulated...
FHA
FHA loans are insured by the Federal Housing Administration (FHA) and an excellent option for first-time homebuyers and borrowers with a lower credit score who may not qualify for...
VA
VA loans, backed by the U.S. Department of Veterans Affairs (VA), are solely available to U.S. Veterans and surviving spouses. AFN offers VA programs to help our Veterans buy, build, or...
Conventional Jumbo
If a Conventional loan suits your needs, but the property you want to purchase or refinance exceeds conforming loan limits, a jumbo loan may be the answer. AFN offers Jumbo programs from...
USDA
USDA loans are backed by the U.S. Department of Agriculture (USDA) Rural Development division and are offered to borrowers with moderate and lower incomes...
Refinance
What is a Refinance? Also referred to as a Refi, it is a new mortgage loan that is used to pay off the existing loan. A Refi is an excellent way to do a number of things, depending on your needs...
Non-Traditional Borrowers - Speciality Products
A borrower whose credit documentation, source of income, or citizenship status doesn’t qualify under a traditional mortgage program may still be eligible for a home mortgage. AFN offers the self-employed, foreign nationals, and non-citizen borrowers a path to homeownership by alternative qualifying means.
Self-Employed/1099 Borrowers
AFN offers a path to homeownership to self-employed borrowers who cannot prove their income in the same manner as an employed (W-2) wage earner. Bank statements or Income Profit & Loss (P&L)...
Foreign Nationals
A Foreign National is a citizen of another country temporarily living in the United States and whose permanent residence and employment are in the other country. Although minimum requirements are...
ITEN (No SSN) Borrowers
An alien resident who is in the U.S. legally and also employed in the U.S. is assigned an Individual Taxpayer Identification Number (ITIN) and may also be issued a Social...
Owner Occupied - Speciality Products
Specialty Products provide homeownership opportunities to borrowers—such as the self-employed—who do not qualify for traditional programs. These products offer features like using personal or business bank statements for income verification and can accommodate credit circumstances that traditional mortgages cannot. If none of the above-mentioned loan products seem like a fit, chances are AFN has a Specialty Product that will get you the purchase or refinance you seek.
Down Payment Assistance Programs
For borrowers with sufficient income to make regular mortgage payments but need help with the down payment, AFN carries an array of...
Second Chance Loans
1. COVID-19 Forbearance
2. Loan Modification
3. Prior Bankruptcy
4. Prior Foreclosure
5. Prior Short Sale
Renovation
Renovation loans, sometimes referred to as rehabilitation loans, are backed by most of the entities mentioned above and are a great way to modernize your home so...
Investors - Speciality Products
Mortgage loans for investors, including experienced and inexperienced landlords, are available for those seeking investment properties for a buy and hold strategy or to renovate and flip. Options include loans to individuals, LLCs, and Corporations for purchase, rate/term refinance, and cash-out refinance with terms up to 30 years. Approval for some investor loans relies on property income rather than solely on personal finances. Qualified borrowers will find flexible options and terms for these products that can offer excellent opportunities for building wealth through real estate.
These loans tend to be more expensive than primary residence loans, but investors can do several things to help keep the cost of investment capital low:
Maintain a high credit score
Make a bigger down payment to lower the LTV
Use a local lender who knows the local market
Excellent recordkeeping that shows cashflow of existing rentals owned (if any)
*On brokered products, American Financial Network, Inc. is only acting in the capacity of a mortgage broker, not a mortgage lender or mortgage correspondent lender. Brokered products may have higher rates or different terms than conventional loan products. Additional Terms and Conditions may apply. Contact your loan professional for more details.
First Time Investor/ Landlord Loans
Even if you have never owned a second property—residential or commercial—you may qualify for an Investor Solution loan. Known in the mortgage industry as Debt Service...
Experienced Investor/ Landlord Loans
Borrowing options for experienced landlords include more offerings. A traditional non-owner-occupied loan may be appropriate, or a loan geared specifically ...
Buy, Fix, Flip
These loans are designed for real estate investors who wish to buy properties—often below market value—that require modernization or rehabilitation and then resell (flip) them for a profit. The buy-fix ...
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*By refinancing your current loan, your total finance charges may be higher over the life of the loan.
A pre-approval does not constitute a loan commitment or guarantee of a loan. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower’s financial condition.
Branch NMLS #237341. American Financial Network, Inc. is licensed by the California Department of Business Oversight under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker’s License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Loans made or arranged pursuant to California Financing Law. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID #237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. American Financial Network, Inc. is an Equal Housing Lender.
This website is only intended for consumers in the states in which Seth Daniels (NMLS #262329) is licensed.
