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American National Bank of Mt. Pleasant

Secondary Market Loan Products

A mortgage can be a big decision.

Whether you’re buying a new home or refinancing your current home the professions at American Nation Bank can help guide you through the process.

Application Process

Are you ready to purchase a home? Let us help you get Pre-Qualified. Our staff is here to assist you with the process. We will need to gather information about the borrower’s income and debts to help determine how much the borrowers can pay for a house.
Since loan programs differ, a prequalification would be helpful in determining each loan type the borrower may qualify for.
The folowing material is not from HUD or FHA and is not approved by HUD or a government agency.

Conventional loans are loans that typically meet the lending guidelines been set by Fannie Mae or Freddie Mac, but are not government insured (like FHA, VA, USDA Loans). Conventional loans can be used for purchase or refinance of primary residence, second home or investment property.  See Lender for details.
USDA, insured by the US Department of Agriculture, is available to anyone who meets the minimum credit guidelines and local income requirements. USDA financing is available for homes that are not located in an area that is considered a major metropolitan area. Loans for primary residence only. See Lender for details.
VA guaranteed by the U.S. Department of Veteran Affairs, is a loan available to most US service members or their surviving spouse. For the veteran’s that have served our country, this loan offers some great benefits. Purchases for primary residence. See Lender for details.
FHA, insured by the Federal Housing Administration, these loans are designed for low-to-moderate-income borrowers, with less than perfect credit. Must be primary residence. Investment property and second homes do not qualify. FHA property requirements and loan limits apply. See Lender for details.