Home Loans in Yonkers NY
There are many loan programs out there for first-time homebuyers in Yonkers NY and those with limited funds for a down payment. These include 100% financing programs and our FHA pre-paid program, just to name a few.
Conventional are traditional loan programs, for those with established credit history that would like to disclose income, employment and assets.
We offer fixed and adjustable rate mortgages (ARMs) to suit your specific financing needs. Today, fixed rate mortgages are the most popular type of home loan because they provide the stability of consistent monthly payments for the life of the loan, regardless of interest rates changes. In conjunction with your mortgage, an escrow account helps to minimize the affect of rising property taxes and homeowner’s insurance premiums.
Bad Credit Programs
Don't worry if your credit is not that perfect. We offer an array of solutions for bad credit history, bankruptcies, late payments etc.
An offer submitted with a formal pre-approval carries much more impact; both the seller and real estate agent will know that you have taken the right steps and are serious. Your AMC personal loan consultant can provide you with a no-cost, no-obligation Formal Pre-Approval Certificate within 24-48 hours of receiving your documentation.
Sub Prime (or poor credit) Mortgages
These are mortgages for clients whose credit profile is somewhat damaged. Typically, the lenders will offer both Fixed or ARM mortgages at considerably higher interest rates to mortgage seekers who fall into this category. Generally income proof and asset proof are required for these type of loans.