Buying a home for the very first time is an exiting time. Don't let the mortgage process scare you. American Heritage Mortgage specializes in helping first-time buyers get financing for their new home.

     With several programs from Zero-Down to 3%-Down, American Heritage can formulate a program that's right for you.

The American Heritage Home Buyer Advantage

The Fastest Way to Close the Deal on Your New Home

With the American Heritage Home Buyer Advantage, you receive Advanced Credit Approval, which means you'll have the answers you need up front.

Know how much house you can afford, and the approximate amount of your monthly payments. You can even lock-in an attractive interest rate when it becomes available if you choose.

Show Realtors, builders, and home sellers that
you're serious about buying a home.

Receive priority handling of your loan including express underwriting, property appraisal, and document preparation so you can close the deal quickly once you find your new home.

The American Heritage Home Buyer  Commitment versus Pre-Approval.

An American Heritage Home Buyer Commitment letter is formal approval for an actual mortgage loan, with specific terms, loan amount, and a maximum interest rate. An appraisal of your new home and this commitment are all you need to proceed to closing. Pre-approval, by comparison, provides guidelines on what you may be able to afford. Once you find a home, some other lenders that offer pre-approvals need a complete application, then often take 30-60 days to make a commitment.

Buying a Home is Easier When You Already Have the Mortgage Approval

A home is one of the largest investments you will ever make. With the American Heritage Home Buyer Advantage commitment, you make home buying decisions easier, faster, and without uncertainty. Here's why:

You know what you can afford. With the American Heritage Home Buyer Advantage, your loan is already approved. Confidently look for your new home in the price range you can afford.

Negotiations are smoother. Real estate brokers and home sellers appreciate the American Heritage Home Buyer Advantage because pre-approved financing removes uncertainty from the purchase offer.

Sellers may proceed with their own plans sooner.

Less hassle. Once an offer on your new home is accepted, the American Heritage Home Buyer Advantage allows you to proceed to the closing more quickly, pending only an appraisal of the new home and phone verification of changes in your financial condition.

 How Does the American Heritage Home Buyer Program Work?

When you apply for the American Heritage Home Mortgage, your mortgage lender or broker will calculate the loan amount that you can afford based on your income, down payment amount, and current monthly obligations. You'll also choose a loan program from a wide range offered under the American Heritage Home Buyer Advantage including fixed - and adjustable-rate, conforming and jumbo loans.

You can also choose to "lock" your loan at the current interest rate. This gives you the added security of knowing that you'll still qualify if interest rates go up while you shop for your home.
To get the American Heritage Home Buyer Advantage application rolling, you'll need to provide the following:

A full month's pay stubs for each borrower.
Your most recent three months bank statements.
Two years' W-2 forms (or tax returns, if self-employed).

Based on this information and a fully completed loan application, you'll receive advanced credit approval, and, if you choose the American Heritage Home Buyer Advantage lock option, a guaranteed interest rate.

 Power Shopping at Your Fingertips

As soon as you're approved, you'll receive  a letter explaining the conditions of your approval. Your letter shows everyone- Realtors, builders, and home sellers that you're not just window shopping... you're ready to act!

Quite simply, the American Heritage Home Buyer Advantage eliminates much of the worry and stress associated with buying the home, and allows you to focus on what means the most to you - your new home. With American Heritage Mortgage,  you can act with confidence, move quickly, and put yourself in the home of your dreams.

 The American Heritage Buyer Advantage Gives You the Home Buying Edge!

American Heritage provides the home loan program that gives you credit approval first - before you shop for a home. Almost any lender can pre-qualify you, but American Heritage puts you one giant step closer to owning your home while You Shop...

- Improve your negotiation position.
- Advance credit approval before you find your new home.
- Protection against rising interest rates while you shop for a home.

When You've Found Your New Home, You Will Receive;
Priority handling of your loan. - Priority handling of your property appraisal. * Priority status for document preparation.

If you're thinking of buying or looking for a home soon, apply for your American Heritage Mortgage financing now. Our experienced mortgage professionals are ready to answer your questions and explain how American Heritage can quickly provide you with the financing you need to buy a home you can afford at today's low interest rates.