Loan Officer Location
About Me
Loan Officer · NMLS 249738
As a Loan Officer at American Financial Network, Inc., I am dedicated to serving the needs of homebuyers in the Los Angeles, San Bernardino, Orange, and Riverside area seeking the right loan for their unique situation. During my 19 years of mortgage service, I have worked with homebuyers seeking their first home, experienced buyers looking to upgrade to a larger home, and clients who are looking to purchase vacation homes and even multi-unit properties. I've also helped many people refinance to save money, lower their rate, and get cash out of their homes. At AFN I have access to all the loan programs my clients need and the features they want such as FHA, USDA (Rural), HAMP, HARP, State Bond Programs, Jumbo, Foreign National, Low Down Payment Options, Fixed-Rate, Adjustable Rate, Reverse, VA, and more.My mission is to help you achieve The American Dream and I will work with you to find the right loan program tailored to your specific needs and goals. I will give you personalized service and help guide you through the home loan process for an easy experience.
My Location
Downey 8635 Florence Ave., Suite 207, Downey, CA 90240
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Frank Contreras's
OVERALL RATING
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"Thanks for..."
Thanks for everything
Abraham
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I have been doing business with Frank for over 15 years and he never disappoints. He handles all my investment purchases and I refer him to all my friends and family.
Manuel
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"Frank was very..."
Frank was very professional, informative, and understanding. It was a pleasure doing business with him.
Kenny
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American Financial Network, Inc. is providing the calculator tools above as a courtesy and results are estimates only. Please consult with a licensed American Financial Network, Inc. Loan Originator for more specific information and to discuss your individual needs and circumstances. Standard disclaimers apply.
Loan Program View
LOAN PROGRAMS
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Reverse MortgagesA reverse mortgage loan, like a traditional mortgage, allows homeowners to borrow money using their home as security for the loan. A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older. Also like a traditional mortgage, when you take out a reverse mortgage loan, the title to your home remains in your name. However, unlike a traditional mortgage, with a reverse mortgage loan, borrowers don't make monthly mortgage payments. The loan is repaid when the borrower no longer lives in the home. Interest and fees are added to the loan balance each month and the balance grows. With a reverse mortgage loan, homeowners are required to pay property taxes and homeowners insurance, use the property as their principal residence, and keep their house in good condition.1 American Financial Network, Inc. is not acting on behalf of or at the direction of HUD/FHA or the federal government. Borrowers must continue to make property tax, insurance, and other maintenance payments in order to avoid risk of default. 1. https://www.consumerfinance.gov/ask-cfpb/what-is-a-reverse-mortgage-en-224/
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ConventionalIndustry standard loan programs with purchase and refinance options for most borrowers. These programs follow lending rules set by Fannie Mae and Freddie Mac and have the reputation for being the most affordable and quickest to close in the mortgage industry.
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FHAInsured by the Federal Housing Administration, these loans are a great option for homebuyers looking to put the minimum amount down as possible, homeowners looking for simple refinance options, and for borrowers with less than perfect credit.
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VAJust for veterans and surviving spouses! Finance up to 100% of your new home’s value with no money down, and no private mortgage insurance; or refinance your home quickly and easily with minimal paperwork.