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American Brokers Conduit

American Brokers Conduit is the wholesale division of American Home Mortgage Investment Corp.  Their four core components for success are Financial Strength, Product Diversity, Strong Commitment to Broker Partnerships, and Cutting Edge Technology.  American Brokers Conduit was named the nation’s tenth largest wholesale lender in 2005.

There are several key benefits that American Brokers Conduit offers their broker partners.  They offer quick, easy transactions with e-Conduit.   This allows brokers to lock loans for you.  They also offer your broker a wide variety of mortgage products to help him/her determine the best choices for your situation.

American Brokers Conduit Mortgage Loan Options

American Brokers Conduit offers its brokers many types of loans, but some choices are more popular than others.  American Brokers Conduit loans all forms of Interest Only mortgages.  Additionally they offer the traditional Fixed Rate Mortgage with varying terms, plus many conforming mortgages, as well as jumbo mortgages for those extra expensive homes.

American Brokers Conduit offers several Adjustable Rate Mortgages.  They tend to index their Adjustable Rates according to LIBOR.  Their preferred terms for ARMs are 3/1 and 5/1, and most of their ARMs are available in Interest Only options.  They also offer Power Option ARMs.  A Power Option ARM will allow you funds up to $8 million with

flexible payments.

American Brokers Conduit Home Edquity Loans

They also have Home Equity Line of Credits.  A Home Equity Line of Credit is useful if you need extra cash to fund one of life’s big events.  You can use it to buy a car, finance a college education, pay for a wedding, or make home improvements.

Most of their programs have documentation type options.  This is good news for you if you are self-employed, and do not necessarily have accurate documentation of your earnings.  If your broker is with American Brokers Conduit, he/she may be able to offer you a No Doc loan with the rates and terms that are right for you.

Brokers must apply to be a part of American Brokers Conduit.  The application process is fairly simple and standard.

Like any other business in the mortgage industry, American Brokers Conduit is subject to the Fair Housing Act of 1968.  They may not discriminate against borrower based on color, race, national origin, religion, age, disability, sex, or familial status.

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.


Category: American mortgage

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