PARSIPPANY, N.J., Nov. 9, 2018 /PRNewswire/ -- American Financial Resources, Inc. (AFR) announces that beginning on Veterans Day it will pay any required VA agent fees for its brokers and correspondents on all AFR-related VA loan submissions.
The Veterans Administration generally requires an annual fee of $100 per third party originator for each entity that sponsors their origination. AFR will now pay this fee on behalf of its brokers and correspondents on AFR-related VA loans.
"VA loans are appealing to eligible veterans and their qualified spouses because they offer many benefits to help past and present military personnel purchase or refinance a home," said Bill Packer, AFR COO. "Covering the VA agent fees is another way for us to help our partners succeed, and in this case, as they help our nation's heroes truly come home."
"All of us at AFR consider it a privilege to assist eligible veterans and their families as they explore home financing options," said Packer. "Originators should focus on educating veterans and their families of the benefits available to them, and ensuring they obtain the best possible financing package, without worrying about an agent fee interfering with the process."
About American Financial Resources (AFR)
American Financial Resources, Inc. (AFR), the leading FHA 203(k) lender for sponsored originations in the country and an innovator in the construction and renovation lending area, is ranked among the nation's leading companies in the annual Top Mortgage Lenders rankings published by Scotsman Guide. AFR utilizes the latest technology and delivers educational resources to mortgage brokers, loan originators and their customers. Learn more at www.afrwholesale.com.
SOURCE American Financial Resources, Inc.