Have Any Questions?(661) 949-6681Slade@aafsloans.com Get an Appointment Debt Consolidation Loans Contact Us Today! Debt Consolidation Loans All American Financial Services can help you refinance your house for debt consolidation purposes. One of the major benefits to home loan debt consolidation is reducing credit card interest to one low fixed home loan rate. With that being said, debt consolidation save you money and reduce stress. There are other options such as cash out refinance which essentially cashes out a percentage of your home loan equity to pay off bills with as motor vehicles, installment credit card debt and other high interest loans that you may have. For more information, just call All American Financial Services today! Great company, great employees and great rates.Looking for a home loan in Palmdale? Call these guys! RYAN HOLTZ 9/05/2020 Call Us Today To Get Started! (661) 949-6681 Contact Us 530 West Commerce Avenue, Suite B, Palmdale CA, 93551 (661) 949-6681 Slade@aafsloans.com © 2021 All American Financial Services | Sitemap | Privacy

Have Any Questions?(661) 949-6681Slade@aafsloans.com Get an Appointment FHA Loans Contact Us Today! FHA Loans This type of loan is available only for owner occupied residential structures. FHA insures the lender against potential loss. In the event the loan defaults, the lender is protected against losses. The losses are paid with mortgage insurance funds collected from all FHA borrowers. Typically 1.75% is collected up front but funded in the loan instead of coming out of the borrowers pocket and in addition another .85% of the loan collected monthly in the payment. A borrower may use this type of loan to purchase a home with as little as 3.5% down payment. Borrowers can only have one FHA loan typically because it is for owner occupancy only. However, an exception would be if borrower had an FHA loan and moved to a different area or had another approved reason to justify a second FHA loan. Borrowers can also obtain an FHA loan on a home they already own and occupy. These loans have maximum loan amounts available but varies depending on the County, minimum FICO scores and strict rules for income verification and debt to income ratios. A borrower with a previous foreclosure, short sale and/or bankruptcy can qualify for this type of loan after a set waiting period has elapsed. On Purchase transactions, borrower down payment and/or closing costs can be provided by gift. Financing may be fixed or variable rate loans. Great company, great employees and great rates.Looking for a home loan in Palmdale? Call these guys! RYAN HOLTZ 9/05/2020 Call Us Today To Get Started! (661) 949-6681 Contact Us 530 West Commerce Avenue, Suite B, Palmdale CA, 93551 (661) 949-6681 Slade@aafsloans.com © 2021 All American Financial Services | Sitemap | Privacy