Michael Fred's (allamericanae) Blog

Please send me your loan scenarios and get approved for even faster approvals. We have just launched our new Automated Pricing & Underwriting engine. If you have yet to be approved, go to http://www.allamericanfinance.com/ and request a broker package or send me a message and I'll email you our b...

Subprime - 95% to $450k with a 620- Purchase, Rate/Term AND Cash out- Unlimited 30's and 60's- 6% Allowable Sellers Concessions- FTHB accepted up to $550k- BK's under 2 yrs, accepted (max ltv 90%)- Unlimited cash out up to 90%, $100k over 90%- 40 year term available /Interest only available - Nee...

I've been talking with a lot of loan officers as of late and many customers have fewer financing options due to the recent Loan-To-Value reductions for Stated loan and even Full Doc programs that are available out in the market. I've been getting getting a lot feedback from of frustrated buyers a...

Someone asked me to fill this out. I thought I'd post for all to see what we do. If you have anything else you would like to ask me, write a comment or write me directly. With all the changes its hard to keep up with all of lenders guidelines:Can you do 100% SIVA? Yes, with a seller-carry back lo...

(Programs are still available as of 11/29/2007) Non-Owner Occupied/Investment Properties (This information is intended for Mortgage and Real Estate Professionals)Effective immediately we are no longer offering No Ratio or No Doc. go to http://www.allamericanfinance.com/ or email your scenario dir...

(Programs are still available as of 11/29/2007) 100% Zero Down Loan Programs We have all the 100% programs available from Fannie Mae "Community Solutions 100, Flex 100, ", Freddie Mac "Home Possible 100 and 97, Freddie 100". All programs are FULL DOC(Program note: These 100% programs require PMI ...