Staff from a mortgage lender in Santa Clarita pride themselves on their ability to get “creative” to help their clients buy a home when other companies may deny the loan application.

Dave Cantrell noted that many people may incorrectly assume that they would never be approved for a mortgage loan for one reason or another, when in reality, American Family Funding can help. 

“When people think about getting a home mortgage or a loan, they think there’s really only one loan to get, and we know that there’s so many different situations and so many different products out there,” Cantrell said. “At American Family Funding, we can be pretty creative when it comes to helping people achieve the American dream.”

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For example, a woman recently came to the Santa Clarita mortgage lender after being denied a loan from another lender because she didn’t meet certain financial criteria following her amicable divorce. 

Fred Arnold of American Family Funding noted that the woman had an agreement in place with her ex-husband that specified she could continue to stay home to take care of their children and use a joint checking account where her ex-husband’s paychecks were deposited to pay bills. 

However, this agreement had not yet been finalized in court, and “payments” had not been made via the joint checking account for the required minimum of six months, according to Arnold. 

“There’s two reasons on why the other lender she called couldn’t do (the loan),” Arnold said. “It wasn’t signed off ultimately by the courts, which could take ultimately anywhere from three weeks to three months. Right now with COVID, things are getting backed up — number one. And number two, a lot of the lenders out there require the person receiving family support, child support or alimony to have received it for six months. And so she didn’t have either.” 

Instead of deny the woman’s application, staff at American Family Funding sent it to three different portfolio lenders, who looked past these two requirements and focused on other important factors in the loan approval process instead. 

“They’re putting 20 percent down, they’ve never had a late, ever, … plenty of reserves, selling their home for the betterment of their family, agreements in place,” Arnold said. “The financial institution loved it, and we were able to get them a very low interest rate at minimal cost and everyone’s happy.”

Arnold concluded, “It felt great to get that accomplished, and we have another one just like it that we’re going to get approved in the next week or so, so good example on how we kind of outside-the-box think when it comes to financing for people that deserve to get a loan.”

Ed. Note: This article is a KHTS Community Spotlight for American Family Funding.

American Family Funding a Division of American Pacific Mortgage Corporation NMLS #1850

David Cantrell NMLS #1427091 — Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act.

About American Family Funding, Your Resource for Santa Clarita Mortgages

Santa Clarita mortgage lender American Family Funding can help you fulfill your dream of home ownership. A highly rated mortgage lender in Santa Clarita, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly Santa Clarita mortgages advisor will make the first-time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. Unlike some mortgage companies in Santa Clarita or mortgage brokers in Santa Clarita, the home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program. If you’re looking for the best mortgage lender in Santa Clarita or a “mortgage lender near me,” contact American Family Funding today. 

American Family Funding
28338 Constellation Road
Suite 900
Valencia, CA 91355

(661) 284-1150

[email protected]

American Family Funding – Valencia

https://www.youtube.com/watch?v=if4Z471XZ0o

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