AFI Mortgage

NMLS: 214363

Please call for today's "Absolute Lowest Rate" and the Lake  Area's Smoothest Loan Process. 

AFI Mortgage in Lake Charles, Louisiana offers a huge range of loan programs!

Zero down! (yes we still have this program)
We offer ways to help you move into a new home without the usual down payment. If you are a first time homebuyer with good credit history, you can qualify for a low 30 year fixed interest rate with no mortgage insurance.

Remodeling-Renovation loans
We have them and they're better than anyone elses. We let you buy a house as is, then fix it up on your schedule. Once this is done, we appraise the house and you get the benefit of YOUR sweat equity. In most cases, you need no money down and will not have to pay PMI (private mortgage insurance) Only at AFI could a deal be this good.

Less than perfect credit?
Had credit problems? You deserve a new home too. We are eager to help you get back on track to homeownership.


Self employed?
Having a hard time qualifying for a loan because you are self-employed? We are known for extracting the most income from complex business tax returns. Please call us for a professional evaluation.

 
30 yr fixed
15 yr fixed rate
25 yr fixed rate
20yr fixed rate
10 yr fixed rate
5yr ARM
3 yr ARM
10 yr ARM
7 yr ARM
Interest only

30 yr fixed

  The 30 year fixed is one of the most popular loans. Many people like the fixed interest rate and lower monthly payments. But since the term of the loan is long, you will pay more interest over the life of the loan.

Term: 30 years   Maximum Amount: $337,500

15 yr fixed rate

You generally pay a lower interest rate with a 15 year loan. You will pay less interest and build equity quickly.


25 yr fixed rate

A loan with the same interest rate and payment over the entire 25 year life of the loan. As one of the longer loan terms available, 25 year fixed loans offer lower payments, but you will pay more in interest over the life of this loan than a similar loan with a shorter term.


20yr fixed rate

The 20 year fixed loan is a good way to have fixed payments and shorten the term of your loan. You will build equity faster, pay less interest, and own your home sooner. Your monthly payments will be higher since the term is shorter.


10 yr fixed rate

  A loan with the same interest rate and payment over the entire 10 year life of the loan. As one of the shorter loan terms available, 10 year fixed loans offer lower lifetime interest payments than similar loans with longer terms, but you also have a higher monthly payment.


5yr ARM

5 year adjustable (ARM) A loan with a fixed rate for the first 5 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 5 years, the monthly payment may also change.


3 yr ARM

3 year adjustable (ARM) A loan with a fixed rate for the first 3 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 3 years, the monthly payment may also change


10 yr ARM

10 year adjustable (ARM) A loan with a fixed rate for the first 10 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 10 years, the monthly payment may also change


7 yr ARM

7 year adjustable (ARM) A loan with a fixed rate for the first 7 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 7 years, the monthly payment may also change.


Interest only

Interest Only "Interest only" loans give borrowers a different payment option. This option allows the borrower to make payments of interest only for a set period, usually 5 or 10 years for a 30 year fixed rate loan or 5 years for a 5/1 adjustable rate loan. After that period, the payments will adjust to include principal and interest at an amount that allows the loan to be paid off over the remaining term. The interest only option is usually considered when a borrower:
  • Needs lower payments at the beginning of the mortgage, but will be able to make higher payments later.
  • Wishes to invest the savings of early lower payments in higher returning investments.




Building loan program 2nd to none
We are able to secure money at rates no one can touch. It's easy to believe that AFI Mortgage can save you thousands when you're ready to build your dream home.

Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,500,000 with closing costs of $30,000. Your actual APR may be different depending upon these factors.