For years financing a log home was met with challenges. Traditional lenders did not understand log homes were actually superior to conventional construction and were difficult to deal with. Qualifying for a loan was a challenge and rates were not competitive.
However, today a growing number of lenders have emerged that understand log homes and are available to serve you with single closing, construction to perm loans, competitive rates and exceptional service. Many of these lenders don’t even require log home comps.
Financial Products Offered
- Traditional 15 and 30 year fixed rate loans
- Traditional and Option ARM (adjustable rate mortgage)
- Construction Perm Loans - one time closing
- Home Solutions and Flex 97 type loans (targeting homebuyers with good credit but little to no money down)
- NINA (No Income/No Asset) loans
- NINR (No Income/ No Ratio) loans
- SISA (Stated Income/ Stated Asset) loans
- First Time Homebuyer Programs
- FHA fixed rate loans
- Fixed rate amortizing second mortgage loans
- Interest Only loans
- Your loan approval may be processed in just two hours.
- Non-traditional 80/10/10 loans that allow a customer to pay 10% down, get an 80% first mortgage and a 10% second mortgage and avoid PMI
- Home Equity Lines of Credit
- Down payment assistance programs are available where applicable
Mortgage Calculators (Select & Click To Learn More)
Find Out How Much House You Can Afford
Simple Payment Calculator & Amorizaation
Compare Loan Offers
Fixed or Adjustable Rate
Which Term Is Better (15,30 or 40 Years)
Other On Line Financial Calculators
Log Home Friendly Mortgage Companies
The Whaley Group
Dale Whaley
518 Georgia Avenue
Chattanooga, TN 37403
Phone: (423) 593-2501
Web Site: http://www.dalewhaley.com/whyuseme.asp
Email Dale: dale@whaleygroup.com
Greg Ebersole
American Log Mortgage
A Division of American Home Bank
American
Way Corporate Center
3840 Hempland Road
Mountville, PA 17554
Toll Free: 877-226-5242, ext. 6605
Direct Dial: 717-285-6605
Fax: 717-285-6413
Email: gebersole@bankahb.com
