AMI Lenders is a source of funding for borrowers with bad credit or who, for whatever reason, are unable to use traditional loan sources to get the loan they need. AMI Lenders is not a bank. We are a private lender with the flexibility to respond quickly to just about any loan request.
TYPE |
LOAN AMOUNT (% of appraised value) |
Owner occupied 1 to 4 single family homes | 70% |
Non-owner occupied 1 to 4 single family homes | 65% |
Builder new home construction loans | 70% |
Investor loans to buy and rehab homes | 70% |
Multi-family properties (e.g.: apartments) | 65% |
Residential lots (in platted & recorded subdivisions) | 70% |
Commercial properties (office buildings, shopping centers, churches, owner-occupied buildings, etc.) |
65% |
Residential lot development loans | 60% |
Unimproved properties | 50% |
From Wall Street Prime plus 2% up to 18% depending on credit, equity and the borrower’s ability to service the debt. (An origination fee or points may be required depending on the type of loan and/or the terms). The borrower must pay normal costs as required for any real estate loan: e.g.: appraisal fee, survey, title policy, loan document preparation and other normal closing costs.
AMI lends strictly on the value of the property and the borrower’s ability to service the debt. Bad credit, bankruptcy, etc. is not a concern. Use our home mortgage calculator to find our your payments.