There are many types of loans available. At AmWest Funding Corp, we want your finding the right loan to be a positive experience.


Conventional Loans

AmWest Funding Corp has a variety of conventional loan programs available with features, terms and benefits to meet our customers' specific needs.

Features:
  • Maximum loan amounts (may vary by location):
    • One family dwelling $417,000
    • Two family dwelling $533,850
    • Three family dwelling $645,300
    • Four family dwelling $801,950

Terms:
  • 30 year fixed rate*
    • Monthly principal and interest payment never changes
    • Safety and security in knowing what your payment will be in the future
  • 15 year fixed rate*
    • Monthly principal and interest payment never changes
    • Safety and security in knowing what your payment will be in the future
    • Loan will be paid off in half the time as a 30 year fixed rate loan
    • While the monthly payment is higher than a 30 year fixed rate loan, the interest rate is typically less


*Note: A AmWest Funding Corp Fixed Rate Loan may be the right choice for a refinance if:
- The interest rate on your current loan is higher than what is available now
- The interest rate on your current loan is adjustable and a fixed rate loan is preferred

Jumbo Loans

A Jumbo Mortgage is a mortgage with a loan amount above conventional loan limits established by Fannie Mae and Freddie Mac.

Current Fannie Mae and Freddie Mac jumbo loan limits are to $729,750 depending on the location of the property.

Highlights:
  • Loan amounts from $417,000 up to $2.5 million
  • Finance up to 80% of the value of your home
  • Purchase, rate/term refinance, and cash-out refinance options for primary residences
  • Purchase and rate/term refinance options for second homes

Eligible Property Types:
  • 1-2 unit properties
  • Low/mid/high rise condos

FHA Loans

The Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD), provides various loan programs that make getting a home loan easier for those with limited credit experience, a small down payment, limited funds to make monthly payments and/or for those who may not qualify for other types of loans.

These loans are offered through AmWest, and are insured by the FHA. FHA loans typically offer more flexible underwriting guidelines than conventional loans.

ATTENTION: The federal government just reduced Mortgage Insurance Premiums on FHA loans. You may be able to qualify for more home, or enjoy reduced payments on a mortgage for the same home. Contact a loan officer today.

Features:
  • Lower credit scores are acceptable
  • Owner occupied properties only
  • Up to 30 year fixed rate term
  • Down payment as low as 3.5%
  • Refinance with limited equity
  • 100% gift funds may be used for down payment and closing costs
  • No pre-payment penalties
  • An effective refinancing option for current high cost mortgages
  • Non-occupant co-borrowers acceptable

Loan Officer

Let AmWest Funding help you find the right loan.

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