American Heritage Lending
- Daniel Norris
Relationship Manager
Construction Loan | |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 11.5% |
| Interest Rate Maximum | 14.75% |
| Terms | 6 month, 1 year, 18 month, 2 year |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Fees | Underwriting |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant |
| Reserve Requirement | 6 months |
| Updated as of | 2023-12-11 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, DSCR Loan, Rehab Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | alabama, alaska, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,000,000 |
| Interest Rate Minimum | 7.5% |
| Points Maximum 1st TD | 3 |
| Terms | 40 Years, 30 years |
| Interest Only or Amortized | Interest Only, Amoritzed |
| Prepayment Penalty | -, 1 year, 2 year, 3 years, 5 years |
| LTV Bridge | 70 |
| LTC Construction | 85 |
| Upfront Fees | Appraisal, Underwriting |
| ARV Rehab & Construction | 70 |
| LTC Rehab | 85 |
| LTV Long Term Rental | 80 |
| Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
| Intended Occupancy | Owner, Vacant, Tenant |
| Percentage of Budget Financed - Rehab | 100 |
| LTC Percentage of Budget Financed | 100 |
A Lender You Can Trust
American Heritage Lending is a customer service-oriented lender in the Non-QM mortgage market. The company was founded by mortgage professionals with a long history of providing flexible solutions to borrowers who don’t fit the Qualified Mortgage space.
American Heritage Lending prides itself on providing superior service, and our experienced staff is here to help you every step of the way. Our highly trained Account Executives, Loan Brokers, and Loan Officers work with clients to structure loans and provide real solutions for difficult loans that were rejected by traditional lenders or Government automated underwriting methods.
With over $1 Billion in loans funded, we have experience in all facets of real estate lending. We understand the complexities of serving this niche market. We are a direct lender handling loan submission to funding in-house. We bring a simple, unparalleled, common-sense approach to underwriting loans, making American Heritage Lending, Inc. the only sensible choice.
American Heritage Lending is located in Irvine, CA. They offer financing for Bridge Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is SFR and 2-4 Units. Their minimum loan amount is $75,000. Their maximum loan amount is $3,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 40 Years;30 years. Although rates can change they are typically lending at a minimum rate of 7.5%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 3.
These descriptions are limited information and meant for general reference purposes.