AMA Mortgage LLC
AMA Mortgage Corporation is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices. AMA Mortgage Corporation has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of real estate professionals, builders and individual home-buyers for almost two decades now. We’re a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending, from purchase to refinance to construction lending. We have access to a wide range of wholesale lenders and all of our lending specialists are dedicated to finding the right loan (with the best rates, terms and costs) to meet our clients’ unique needs. But that is just the beginning of our services. Throughout the lending process we provide regular loan updates and progress reports so clients always know the status of their loan.
We also offer a special Mortgage Manager service for those considering refinancing their mortgage. And, now it’s our pleasure to offer all of our exceptional mortgage services online. Through AMA Mortgage Corp. you not only have access to the best loans available in the marketplace, but you can review loan alternatives, and even apply for your loan, at your convenience, online – 24 hours a day.
OUR PRODUCTS
CONVENTIONAL LOAN
A conventional loan is a non-government-backed mortgage requiring higher credit scores and down payments.
FHA/VA LOAN
FHA and VA loans: government-backed mortgages, lower down payments for buyers to buy (FHA) and veterans (VA).
DSCR 1-4 UNITS LOAN
The Debt Service Coverage Ratio (DSCR) for 1-4 unit loans assesses the property's ability to cover its debt obligations, commonly requiring a ratio above 1.
DSCR 5-8 UNITS LOAN
The Debt Service Coverage Ratio (DSCR) for 5-8 unit loans evaluates the property's capacity to meet its debt obligations, typically necessitating a ratio above 1 to demonstrate financial viability.
FOREIGN LOAN
Foreign loans are funds borrowed by a country from international sources for purposes like infrastructure or economic development, subject to negotiated terms and repayment agreements.
ITIN LOAN
An ITIN loan is a mortgage option for individuals with an Individual Taxpayer Identification Number (ITIN), allowing non-U.S. citizens to finance a home purchase in the United States.
INTEREST ONLY LOAN
An interest-only loan is a mortgage where the borrower pays only the interest for a specified period, typically the initial years, without reducing the principal balance of loan.
CONSTRUCTION LOAN
A construction loan is a short-term financing option that provides funds for building or renovating a property, with disbursements made in stages as the construction progresses.
BANK STATEMENT LOAN
Bank statements loans assess eligibility using bank statements instead of traditional income documents, often aiding self-employed or unconventional income earners.
JUMBO LOAN
A jumbo loan is a mortgage for higher-priced homes that exceeds the standard loan limits. It's used when buying more expensive properties.
USDA LOAN
USDA loan: Government-backed mortgage with no down payment, aiding homebuyers in rural areas or suburban areas.
1099 or Profit and Loss Statement Loan
It is ideal for business owners, independent contractors, or small business owners who have trouble qualifying for a traditional mortgage loan.
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