AFR’s OTC program is an all-in-one financing option that allows eligible borrowers to consolidate home finance, land purchase or repayment, and the permanent mortgage loan into a single statement. OTC simplifies the funding process with one loan, shorter approval times, faster turnaround times, lower fees, and a single close.
OTC loans are available for prefabricated homes, modular homes, and on-site built homes. and AFR offers a variety of programs for eligible borrowers, including FHA, VA, USDA, and conventional OTC programs.
“Traditional home loans typically require a second round of borrower, asset and income qualification and a second degree when the home is ready to move in. This generally leads to higher costs for the consumer as well as interest rate uncertainty – from the financing risk for the contractor and an overall more complex transaction, “says Packer. “With over a decade of experience simplifying the OTC lending process, we continue to fulfill our mission of bringing families home.”
About American Financial Resources, Inc.
American Financial Resources, Inc. (AFR) is a leading FHA 203 (k) sponsored origination lender and innovator in construction and home renovation lending. He is one of the leading mortgage lenders in the country. Using the latest technology, AFR provides educational resources to mortgage brokers, lenders and their clients. American Financial Resources, Inc. is a Lender for Like Housing: Lender NMLS 2826 at www.nmlsconsumeraccess.org. For more information, visit www.afrwholesale.com.
SOURCE American Financial Resources, Inc.