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First American Home Lenders of America

2000 S. Stemmons Freeway, Ste. 200
Lake Dallas, TX 75065
Tel. 940-497-5000
Fax. 940-497-8626
www.firstamericanusa.com
License # MB-15783

General Information

First American Home Lenders of America, LLC (FAHL) was started by Deborah Flotow. She has 15 years of experience in the mortgage industry. Deborah serves as both President and General Manager of FAHL. The FAHL Board of Directors is now, and always will be, committed to our best asset -- our staff. The FAHL Team is a staff of talented and professional mortgage people, who are the best in the industry.

FAHL has enjoyed excellent growth by doubling their production each year for the past three years. FAHL's primary market area is Texas, however, this year, has expanded into both Oklahoma and New Mexico. FAHL operates both as a mortgage banker and a mortgage broker to service our customers with over 400 loan programs.

FAHL is a true affordable home lender in the traditional sense, with high tech innovations for speed. We originate loans in the $50,000 to $1,000,000 range. Out of our total production, over 50% of our loans are FHA loans, with 40% conventional "A" paper and the balance in Niche products. FAHL has recently applied for and has been approved as a Direct Endorsement Lender through HUD. As part of our primary mission, we intent to focus on the first-time home buyer programs, emerging markets and underserved communities in our area.

FAHL has many experienced loan officers and an excellent backend support staff for processing, underwriting, closing and funding that is part of our lending backup for these efforts. All of our loans are centrally processed, underwritten, and funded in our new "Corporate Loan Center", a 10,000 sq. ft. office in Lake Dallas, a Dallas suburb, 30 miles north of Dallas on I-35E, near Lewisville. FAHL is committed to opening regional loan centers in major real estate markets. Our newest regional center is located in Tarrant County, at 8713 Airport Frwy., Ste. 100, North Richland Hills, TX. FAHL will be opening several more of these new loan centers each year as part of our expanding program throughout Texas, Oklahoma and New Mexico.

Our Senior Management Staff has an average of over 15 years each in the mortgage banking industry.

President - Deborah Flotow
CEO - Kerry Putnam
CFO-CPA - Phillip May
VP Production - Cindy Garrett
Sr. VP, General Manager - Sally Auten

With this depth of experience, we plan to increase volume 25-30% per year, still concentrating on FHA, first-time home buyers and affordable housing through realtors, builders and the manufactured housing industry. Our commitment is to quality loans, a strong net worth and a defined five (5) year growth program, which will have us between 200-300 closed loans per month. FAHL will have all the necessary approvals - FHA, DE, Fannie, Freddie and Seller/Servicer status. We feel Texas is the best place to build our core business as a great medium-size independent mortgage banking operation. First American Home Lenders - "Where service is our only trademark!"

 

Local Branch / Office Locations

 
ADDRESS TELEPHONE NO.

2000 S. Stemmons Freeway,
Ste. 200
Lake Dallas, TX 75065

940-497-5000


FEES RELATED TO EACH LOAN

The following are fees related to a typical $175,000 purchase loan transaction in the Fortworth area, with this company. This does not include points, if any, nor does it include title insurance, local taxes, prepaid interest payments or prepaid escrow payments for home insurance or real estate taxes. A more complete list, tailored to your specific loan transaction, entitled "Good Faith Estimate of Settlement Costs" should be provided to you when you actually apply for a loan. All fees are believed to be accurate, but cannot be guaranteed and are subject to change without notice.

 
Appraisal 300
Credit Report 40
Application  
Inspection  
Document Prep/Review 200
Underwriting 300
Processing 200
Flood Certification 20
Tax Service 110
Notary  
Settlement/Closing 350
Attorney  
Recording 30
Survey 300
Messenger/Courier 45
Wire Transfer  
Administrative  
Mortgage Broker Fee  
Funding and Review  
Payment Processing  
   
TOTAL $1,895

 

  • Types Of Mortgage Products Offered

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