American Federal Mortgage Corporation Review 2026

American Federal Mortgage overview

Founded in 1987, American Federal Mortgage Corporation is a direct lender with an online-based application and closing process. The lender works with borrowers in more than a dozen states, mostly along the East Coast.

Pros and cons of American Federal Mortgage Corporation

How Bankrate scored American Federal Mortgage

Affordability: 5 stars

American Federal Mortgage’s rates earn it high marks for affordability. 

• Interest rates: American Federal’s reported mortgage rates were significantly lower than the Bankrate national average at the time of this review.
• Employee benefit mortgage program: The lender offers employees of certain partner companies discounted mortgage rates, lower fees and a $2,000 closing cost credit. 

Availability: 4.2 stars

American Federal Mortgage lends in only 14 states, but offers many loan options, so it still gets high marks for availability. 

• Home loans offered: American Federal offers standard options like conventional, jumbo, FHA and VA loans. According to the lender, it also offers non-QM products, bank statement loans and DSCR loans, as well as construction and land loans. 
• Footprint: American Federal Mortgage works with borrowers in some of the country’s most populated states, including New York, Pennsylvania and Texas.
• Where to find: You can apply for a mortgage with American Federal Mortgage online or by phone. The company reports that it also has one branch in North Carolina. 

To help you better understand what types of borrowers are interested in this lender, here’s more information about Bankrate users who submitted a form to this lender through our site:

Borrower experience: 4.6 stars

American Federal Mortgage requires you to provide contact information and wait for a call from a loan officer to get a rate quote. That lowered its borrower experience score somewhat.

• Preapproval and application process: American Federal Mortgage touts its online mortgage process, including the ability to link bank and other statements via a secure online portal. Borrowers can also e-sign most closing documents, cutting down in-person signing to under 10 minutes, according to the lender.
• Transparency: American Federal Mortgage doesn’t display mortgage rates on its website, but you can obtain a rate quote by completing a short online form that asks for your requested loan amount and personal information. After that, you’ll wait for a call from a loan officer to get your rate. In our experience, it took about five minutes to get a call back.
• Customer service: You can reach American Federal’s customer service team at 862-259-3219. When we called, it took less than 15 seconds to reach a representative. The loan officer answered several questions about American Federal’s mortgage qualification requirements and provided next steps on how to get a mortgage from the lender.

Images courtesy of American Federal Mortgage Corporation as of March 21, 2024. Note: Depending on method of contact, your individual credit profile and other circumstances, your experience might differ.

American Federal Mortgage reputation

American Federal Mortgage Corporation has been in business for more than 35 years. The lender has a Trustpilot rating of 4.6 out of five stars, though it’s based on less than 20 reviews. However, 94 percent of those customers rated the lender “excellent.”