American Mortgage - Owensboro KY

Since 1975, home loans have been our only business.

American Mortgage

American Mortgage

American Mortgage was proud to attend the Kentucky Housing Corporation 14th Annual Awards Luncheon.

With 449 closed loans that totaled over $60million

There are 110 Approved lenders in Kentucky and we are a delegated lender.

Of the 711 loan officers that closed loans in 2018 American Mortgage had 3 in the top 30

Also Congratulations to our very own Elayne Havens for being the Top Loan Officer in 2018!
#KHCtoplenders2018

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First Time Home Buyer Programs for 2019 by State

owensboro.americanmortgage.com First Time Home Buyer Programs for 2019

American Mortgage - Owensboro KY

owensboro.americanmortgage.com

What are the Benefits of Working With a Small-to-Midsize Lender?

owensboro.americanmortgage.com What are the Benefits of Working With a Small-to-Midsize Lender

owensboro.americanmortgage.com

What is a Letter of Explanation? And why does my lender ask for one?

owensboro.americanmortgage.com When a borrower is trying to get a loan for a house, one of the things they'll need to do is fill out a lot of paperwork. In many cases that paperwork explains everything the lender and their underwriter needs to know. But in some cases that's not true, and a letter of explanation is needed. While t...

owensboro.americanmortgage.com

9 Tips for Organizing a Super Smooth Home Move

owensboro.americanmortgage.com Moving is maddening. It’s a super-dooper heavy scoop of effort on top of daily work and home life. But getting an effective system in place for coordinating all the steps involved can help you maintain sanity.

owensboro.americanmortgage.com

Hardest Hit Fund (HHF) Down Payment Assistance In KY

Kentucky Housing is offering up to $10,000 in down payment assistance. *must meet requirements, click for more info

owensboro.americanmortgage.com Content on this site is for informational purposes only. It is not to be construed as legal, financial, personal or other advice. Information and opinions offered are those of independent sources and may not be endorsed by American Mortgage Service Company and/or AmericanMortgage.com. We make no rep...

owensboro.americanmortgage.com

Buy or Rent : It is important to Discuss the Issues

Should you rent or buy?

owensboro.americanmortgage.com Traditionally first time home buyers were renting prior to buying their home. But a typical question for an LO is the “buy versus rent” question, and which one is more “affordable” for the client. But it is important for an originator to know that they understand the dynamics of their local ...

owensboro.americanmortgage.com

What exactly are FHA Loans?

owensboro.americanmortgage.com When you're ready to buy a home, you'll discover a wide variety of loan programs. However, if you have less than perfect credit or a limited amount of money available for a down payment, your options become limited. Federal Housing Administration (FHA) loans are one of the easiest loans to qualify f...

owensboro.americanmortgage.com

Top Reasons Why For Sale by Owner is a Bad Idea

Should you list your home with an agent?

owensboro.americanmortgage.com People make a lot of interesting decisions when it comes to money, goods and services. Some folks like to keep chickens and cultivate organic gardens to lessen the cost of shopping at supermarkets. Others are quick to place a Craigslist ad to get a little money back for things like old bicycles and....

American Mortgage

American Mortgage is always proud to give back to great causes. This past year we have partnered with the Joe Torre Safe At Home Foundation to open the first Margaret's Place in the Midwest.

The Joe Torre Safe At Home Foundation was Founded by Hall of Fame manager Joe Torre and his wife Ali Torre. Safe At Home provides healing services to youth who have been traumatized by exposure to violence including domestic violence, child abuse, teen dating abuse, and sexual assault in order to empower them to live healthy lives free of violence. Their mission is to educate to end the cycle of domestic violence and save lives.

owensboro.americanmortgage.com

What are the responsibilities of a landlord?

owensboro.americanmortgage.com For someone thinking about becoming a landlord and either buying a non-owner property or converting their own house into a rental, there are five tips and things to think about before doing so.

owensboro.americanmortgage.com

Pre-approvals are Important in the Lending Process

Thinking about buying a new home?

owensboro.americanmortgage.com The industry is always looking for ways to streamline and finesse the mortgage loan process, and ideally, lenders should start with the very first step—pre-approval. For borrowers, it really does pay to work with a lender who asks the right questions and procures all the appropriate...

owensboro.americanmortgage.com

$10,000 HHF DAP Available

Kentucky Housing Corporation releases new details on down payment assistance program.

owensboro.americanmortgage.com Kentucky Housing Corporation (KHC) is proud to announce a new round of Hardest Hit Fund (HHF) Down payment Assistance Program (DAP), a total of $5 million will be available for new reservations beginning:

owensboro.americanmortgage.com

Coaching Tips for Renters Saving up a Down Payment

owensboro.americanmortgage.com Before transitioning from renter to home owner, potential buyers must typically save between 5 and 20 percent of the home’s value for the down payment – and it may not be as difficult as renters think! First, develop a budget & ...

owensboro.americanmortgage.com

Operation KY Home offers 2% interest rate to Military Veterans

owensboro.americanmortgage.com Kentucky Housing Corporation (KHC) has $3 million available in Mortgage Revenue Bond (MRB), special funding, for active or non-active duty veterans at 2 percent interest rate, fixed for 30 years. This special funding program is available on a first-come, first-served basis starting...

americanmortgage.com

Mortgage insurance and who exactly it protects (and who it doesn’t)

americanmortgage.com It is a well-known fact that one can take out an insurance policy for almost anything—weddings, body parts, alien abduction, comedy routines, so on and so forth. Insuring a property is more conventional, but many consumers are perturbed by the additional cost, which adds to the already considerable…

Scott Ray

https://scottray.americanmortgage.com/

NMLS: 5194
IN: 23388
KY: 20049

americanmortgage.com

5 Reasons Selling a Home FSBO is a Bad Idea

americanmortgage.com For home sellers, two basic options exist. They can sell their home on their own as a for sale by owner (FSBO) property, or they can sell with the assistance of an agent. Many sellers think that working with an agent is the more costly option, and thus try to sell their home on their own without

americanmortgage.com

Several buyer “turn-offs” that sellers should avoid

americanmortgage.com As we get move into the spring home buying season, most locaitons throught the country have turned into a seller’s market. Although loan officers typically deal with buyers, or people refinancing, LO’s also come in contact with sellers who are...

americanmortgage.com

Overcoming the Obstacles of Homeownership

americanmortgage.com Loan officers see that, and survey show, renters often aspire to be homeowners, but there are about five main issues holding them back. Loan originators hear these often, and can help potential borrowers analyze their particular situation to see if ownership makes sense.

americanmortgage.com

The Advantages of Buying a Home

americanmortgage.com We are seeing increasing numbers of buyers entering the market. Rates are still relatively low, and values have come down and in many areas seem to not only have bottomed out but are also moving higher. It is always very difficult to pick the bottom, or top, of any market, but housing has not been t...

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Watch for Exaggerations on Appraisals

americanmortgage.com Content on this site is for informational purposes only. It is not to be construed as legal, financial, personal or other advice. Information and opinions offered are those of independent sources and may not be endorsed by American Mortgage Service Company and/or AmericanMortgage.com. We make no rep...

americanmortgage.com

A Brief Reminder of Why Fannie Mae and Freddie Mac Exist - American Mortgage Service Company Blog

americanmortgage.com Sometimes lenders are asked about the “secondary” markets by borrowers. It is a legitimate question, especially as the existence of a secondary market for home loans leads to lower rates for borrowers, and also helps why Fannie Mae and Freddie Mac exist.

americanmortgage.com

How much should my Down Payment Be?

americanmortgage.com Often lenders are asked by buyers, “How much should my down payment be?” There are two sides to the question, with the buyer usually wanting....

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WHAT IS THE ONE WORD THAT WILL IMPROVE YOUR SALES AND MAKE YOU A BETTER SALES PERSON?

linkedin.com LISTENING! It is a simple but critical quality that will increase your sales and make you a top producer. You can attend all of the sales and

americanmortgage.com

Gifts are Allowed When Buying a Home

americanmortgage.com There are plenty of people around with a lot of money in the bank. Unfortunately, many of them are older and already own houses whereas their kids don’t. There is a common myth that a parent cannot give their child a gift for the down payment for more than $14,000 without gift tax consequences, or t...

americanmortgage.com

Puzzled by Mortgage Rates and Price?

americanmortgage.com Despite the government’s best efforts, borrowers still are occasionally puzzled by mortgage rates and pricing. They are not as simple as comparing the price of a gallon of regular unleaded gas. (But when gas companies advertise their additives for higher grades, things become more complicated.) But…

owensboro.americanmortgage.com

Kentucky Housing Corporation Announces $10,000 Down Payment Assistance Program

Attention: First-Time Homebuyers in Kentucky! Just Announced!

owensboro.americanmortgage.com On Wednesday January 11, 2017 The Kentucky Housing Corporation (KHC) has just announced they’re new Hardest Hit Fund Down Payment Assistance Program (HHF DAP) . This program will allow qualified borrowers up to $10,000 in down payment assistance towards the purchase of a new home in the State of Ke...

americanmortgage.com

Why Do Mortgage Rates Differ?

americanmortgage.com Our agents are sometimes asked, “Why are mortgage rates different?” It is important for borrowers to remember that mortgage rates and interest rates in general, are determined by...

americanmortgage.com

Self-employed Borrowers Still Have Hurdles

americanmortgage.com In underwriting a home loan, generally the income from a borrower who is an employee (that is paid regularly and who receives a W-2 at the end of each year), is whatever monthly income the employee is making at the time of the loan – including recent raises. Borrowers who are self-employed, however,...

americanmortgage.com

Does it Make Financial Sense to Buy a House? Yes!

americanmortgage.com Sometimes loan officers are asked the simple questions, “Why should I buy a house? Is it a good investment?” Here in the United States the enthusiasm for buying a home remains remarkably strong. Recent surveys found that almost two-thirds of Americans think that buying a home is the best long-term i...

americanmortgage.com

Stating the Obvious: Good Credit is Important in Lending

americanmortgage.com Any lender knows that credit, collateral, and character are of the utmost importance in the lending decision. Unfortunately for many people of sterling character, in this day of automation and decision making, credit and collateral have more focus on them, and have become purely a numbers game. In f...

americanmortgage.com

Borrowers Should not Forget the Basics in Lending

Borrowers Should not Forget the Basics in Lending

americanmortgage.com It goes without saying that the reason for applying for a home loan is to have it approved by the lender. But for some borrowers that is the most difficult step. Most “in the biz” agree that the lack of

americanmortgage.com

Underwriting Overlays and Why They Exist

http://bit.ly/2ejsiFX

americanmortgage.com The basic process of “doing” a loan is relatively simple: the borrower provides the lender documents proving that they are credit worthy, the lender reviews the documentation and the status of the property (underwriting) to verify that it is a sound risk, and then the money is lent. That being said,...

americanmortgage.com

Things to Keep in Mind When Obtaining a Mortgage

americanmortgage.com Mortgage rates continue to be low – hovering around 4% for a 30-yr fixed rate mortgage – and borrowers have a renewed interest in seeing if they can refinance. Borrowers across the nation are wondering if it is the right time to buy a home or refinance. Before you apply, be sure you do your homework...

americanmortgage.com

Do All-Cash Purchases Make Sense?

Do All-Cash Purchases Make Sense?

americanmortgage.com Often is the question asked, “What’s up with paying for a property in cash?”, albeit in slightly more technical language. For buyers, the market is tough right now, as there’s not a lot in the way of inventory, and sellers often receive multiple offers, especially in some parts of the nation. Many r...

americanmortgage.com

Are Points Good or Bad for Borrowers?

Are Points Good or Bad for Borrowers?

americanmortgage.com Our borrowers will often ask their agent, “Are mortgage points good or bad?” For starters, let’s define “points,” as they are often misunderstood. A mortgage point is defined as a percentage of the loan amount, so if you...

americanmortgage.com

The advantages of buying a home

The advantages of buying a home

americanmortgage.com Most borrowers are very well aware of the stock and bond markets. In fact, most people have a relatively fixed number of investment opportunities available to them. These include...

americanmortgage.com

Do you think an adjustable rate mortgage is a good idea?

americanmortgage.com “Do you think an adjustable rate mortgage is a good idea?” The answer, of course, is...

American Mortgage - Owensboro KY's cover photo

americanmortgage.com

Still Puzzled By Mortgage Rates and Pricing?

americanmortgage.com Despite the government’s best efforts, borrowers still are occasionally puzzled by mortgage rates and pricing. They are not as simple as comparing the price of a gallon of regular unleaded gas. (But when gas companies advertise their additives for higher grades, things become more complicated.) But…

American Mortgage - Owensboro KY's cover photo

American Mortgage

What is “mortgage insurance”? Does it affect me?

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Location

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Address


3624 Wathens Crossing
Owensboro, KY
42301
Other Loans in Owensboro (show all)
World Finance World Finance
1650 Starlite Dr, Ste J
Owensboro, 42301

BB&T BB&T
100 W 3rd St
Owensboro, 42303

BNI Tuesdays with Money Chapter BNI Tuesdays with Money Chapter
3525 Wathens Xing
Owensboro, 42301

Our chapter is a dynamic, committed group of business people who know how to refer business to each other.

Liberty Financial Liberty Financial
Owensboro

Advance America Advance America
3333 Frederica #3
Owensboro, 42301

Kentucky Association of Mortgage Professionals Kentucky Association of Mortgage Professionals
Owensboro, 42302

KAMP supports the mortgage industry by helping its members become more professional and profitable.

Fifth Third Bank Fifth Third Bank
3205 South Frederica
Owensboro, 42301

Liberty Financial a Division of ETFCU Owensboro Liberty Financial a Division of ETFCU Owensboro
3000 Alvey Park Dr. W # 9
Owensboro, 42303

Liberty Financial a Division of ETFCU is one of the Owensboro area's most successful and highly regarded mortgage bankers.

Fifth Third Bank Fifth Third Bank
500 Frederica Street
Owensboro, 42301

Mark Gentry, VP/Branch Manager Ruoff Home Mortgage NMLS: 440219 Mark Gentry, VP/Branch Manager Ruoff Home Mortgage NMLS: 440219
234 Frederica Street; Suite 103
Owensboro, 42301

Branch Manager/VP and Mortgage Origination Experienced lending in KHC, VA, FHA, USDA Rural Housing, Construction & Conventional.

Old National Bank Old National Bank
123 W 4th St
Owensboro, 42303

OneMain OneMain
4764 Frederica St
Owensboro, 42301