Home Loan Calculator

Use our Mortgage Loan Calculator to calculate your loan payments. Then apply for your loan online!

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.

Maximum Terms on Commercial Loans

5 years on a 20-year amortization on all properties other than unimproved properties
5 years on a 10-year amortization on unimproved properties

Prohibited Loans

Outside of the Greater Houston area
Unsecured loans
Second lien (or any inferior liens)
Home equity loans
Night Clubs &/or Bars

Amounts & Types of Loans

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%

Documentation Required

An appraisal (ordered by AMI)
Phase One Environmental Study (on commercial properties)
A blue-line survey
Loan application (Fannie Mae Form 1003)
Borrower’s most recent two years Federal Income Tax Returns
Monthly Cash Flow Statement (download)
Proof of identification (driver’s license or other acceptable personal identification)
Other documentation may be required depending on the type of loan requested

Additional documentation for construction and rehab loans

Complete set of plans
Line item budget including a 10% contingency line (download sample budget)
Specs (flooring materials, finishes, countertops materials, lighting & plumbing fixtures, etc.) (download sample specs)

Interest Rates & Fees

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.

Loan Qualifications

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.