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Information about Lenders
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
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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 |
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| Administrative |
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| Mortgage Broker Fee |
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| Funding and Review |
|
| Payment Processing |
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| TOTAL |
$1,895 |
Types
Of Mortgage Products Offered
E-mail
questions | Apply on line |
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