Worried ’bout American Financial Network? Uncover the truth! Get the facts you need to make a smart decision. This guide reveals the ins-and-outs of this financial services provider. All you need to know is here.
Contents
Quick facts: Is American Financial Network Legit
- ✅ American Financial Network is a mortgage lender that is accredited by the Better Business Bureau with an A+ rating (Better Business Bureau).
- ✅ The company has been in business for over 15 years and has originated over $17billion in loan volume (AFN).
- ✅ American Financial Network is one of the top lenders in the nation for purchase and refinance mortgage products (AFN).
- ✅ AFN is licensed in 28 states plus the District of Columbia (AFN).
- ✅ The company has received numerous awards such as the Top Mortgage Employer Award from Mortgage Executive Magazine in 2018 (Mortgage Executive Magazine).
Introduction
American Financial Network (AFN) is a mortgage lender. It operates in 42 states plus the District of Columbia. It has many mortgage products, like conventional, FHA, and VA loans.
Before investing, it’s vital to research the company. This article covers AFN’s background, services, customer testimonials, and industry reviews. It will also share any risks in investing with AFN. So you can make an informed decision if AFN is the right lending company for you.
Overview of American Financial Network
American Financial Network (AFN) is an expert in the mortgage industry, offering loans to customers in a variety of forms – FHA, VA, Conventional, Reverse Mortgages, and Jumbo. Applying with AFN is a simple process. You can apply online or by phone.
The online form on their website involves supplying your personal info, such as name, Social Security Number, and driver’s license number. This helps AFN verify your identity and check credit scores. The review process is usually over within two business days. After approval, you’ll receive a Mortgage Statement detailing the loan stipulations.
AFN also provides educational resources on their website, such as blogs and articles about mortgage topics, like refinancing or purchasing a home. This assists potential borrowers in making knowledgeable decisions about which type of mortgage best suits their needs and budget.
At AFN, reliable customer service is available Monday through Friday, 8AM to 9PM EST. All-in-all, they provide borrowers with a variety of loan options that are easy to understand.
History and Background
AFN was created in 1998 and is based in Irvine, California. It is a full-service mortgage lender with branches across the US. AFN offers home loans, refinancing, and home equity loans, plus VA mortgages, reverse mortgages, and more.
ASG Recovery is a company dedicated to avoiding foreclosure. They do this through:
- Loan modifications
- Short sales
- Refinancing
- And more.
Their primary aim is to keep families in their homes and help them financially. ASG Recovery has a great record when it comes to helping people stay in their homes and get back on track.
Services Offered
American Financial Network provides a range of financial services to people. Products and services include debt consolidation loans, mortgage refinancing, home equity loans and lines of credit, debt management plans and personal loans. Rates and terms are competitive. Also available are credit counseling, financial planning advice and solutions.
The company is renowned for its customer service excellence. They offer competitive loan product rates and no hidden fees or surprise costs. So customers can be certain they are getting the best value for their money when using American Financial Network’s services.
Reputation
AFN’s reputation is a must-consider. In business since 2002, they have an A+ BBB rating. This indicates quality service and customer satisfaction. AFN is also a member of the Mortgage Bankers Association. This shows that AFN meets ethical business standards.
Past clients have praised AFN for quick response time and helpful customer service. Reviews show that AFN is reliable, with excellent communication and services.
The Pros and Cons of American Financial Network
American Financial Network (AFN) is a direct mortgage lender providing Conventional, FHA, VA, USDVA and USDA loans. Plus they have jumbo and super jumbo loans. AFN has an A+ rating with the Better Business Bureau and has been accredited since 2012. On their website, you can find mortgage calculators, blog articles and educational materials to help with the loan decision-making process.
The top pro of AFN is competitive rates with flexible terms. Most people’s needs are covered by their loan programs. In-house underwriting means fast reviews and same-day approvals for some loans. Plus, 24/7 customer service support.
On the downside, AFN does not offer home equity loans or credit lines. Plus, no online application processes. Reports of slow response times from customer service departments might be inconvenient.
Pros
American Financial Network (AFN) is an independent mortgage lender with lots of great qualities. They offer FHA, VA, USDA, and conventional loans. AFN-associated associates provide loan origination, processing, underwriting, closing, and funding services. Customers can manage their accounts through AFN’s online portal. They offer competitive rates and free consultations. Plus, their financial strength rating is A- (Excellent), making them one of the most reliable lenders. AFN is licensed in 40 states and has offices across America. All these features make AFN a trustworthy lender for mortgages and home loans.
Cons
When it comes to selecting the right financial network, it is vital to recognize the potential cons of American Financial Network (AFN).
- Poor customer service. AFN is renowned for its slow response times and limited customer support, which can make it tough for customers who need help.
- High fees. AFN charges high fees compared to other online financial networks. This could decrease the amount of money you can save eventually.
- Limited investment options. AFN does not offer as much diversification as other financial networks. It could also not have the latest or most varied options available.
These cons make it imperative to weigh all of your options prior to settling for an AFN account.
Customer Reviews
Customers reviews are essential when deciding if a company, like American Financial Network (AFN), is honest and dependable. These reviews can reveal the quality of customer service, the types of financial products provided, and any issues with their business model. By searching for common complaints about AFN online, customers can get a better understanding of their legitimacy.
Though, some reviews may not be unbiased. To make a sound decision about AFN, it is wise to read different sources. By collecting all the facts from customer reviews, individuals can determine if AFN is worth their time and money.
Positive Reviews
American Financial Network (AFN) is a mortgage broker. It’s got a good rep in the biz. Clients and staff have praised AFN. They said it has a great environment, a great leadership team, and work-life balance. Customers have said its services are fast, efficient, and cost-effective. The Better Business Bureau (BBB) even gave it an A+ rating for customer service. So it’s legit, and respected in the mortgage industry.
Negative Reviews
Negative reviews about American Financial Network’s product, Facebook Protect, are a big worry for those thinking of buying it. Many customers have said they were charged for a service or a membership fee that they didn’t remember signing up for. It’s also been hard for them to cancel their memberships and uninstall the program. Plus, customer service isn’t great either. Long wait times can be really annoying!
Despite the negative reviews, many customers do report that the products from American Financial Network help them to become financially stable. Still, people should be aware of these reviews before they invest in any of the company’s services.
Conclusion
To wrap it up, AFN is bona fide. They offer financial services to people and companies. With 20+ years in the biz, they’re permitted to operate in all states. Awards for customer service? Yep, they have those. Plus, their products come with competitive interest rates. Customer service may not be awesome, but the overall experience is satisfactory. So, AFN is reliable and can satisfy your financial needs.
FAQs about: Is American Financial Network Legit
Q: Is American Financial Network a Legitimate Company?
A: Absolutely. American Financial Network is a fully licensed mortgage lender and brokerage, regulated by the state in which it operates.
Q: Where is American Financial Network Located?
A: American Financial Network is headquartered in Brea, CA and has offices located throughout the United States.
Q: Does American Financial Network Offer Any Special Programs?
A: Yes. American Financial Network offers a variety of special loan programs, such as FHA loans, VA loans, USDA loans, and more.