Featured News

USDA Helps Rural Homebuyers with AmeriFirst Home Mortgage

Although the housing market in the US is beginning to recover, many homebuyers still need help getting back into the market. One possible solution is the 100% financing option which is backed by the US Department of Agriculture.


photo credit: lovestruck. via photopin cc

The USDA Rural Development mortgage loan option allows qualified homebuyers to find a home in an approved area and to avoid a popular stumbling block which is a lack of a down payment.  Recent USDA figures show AmeriFirst is the number one Michigan RD lender, as it financed more than 1200 RD mortgages last year and more than 500 so far this year. AmierFirst is in the top 1% in the nation, was the 12th largest RD mortgage lender by units last year, and is number nine so far this year.

AmeriFirst co-founder and CEO, David N. Gahm says, “Rural development fits into the AmeriFirst footprint well. Yes we have branches in the CIncinnatis and Indianapolises of the world. But we’re also in places with rural areas like Kalamazoo, Michigan, Fort Wayne, Indiana and Northwest Ohio. We’re able to service the more rural communities well.”

This is something that Amerisfirst Home Mortgage co-founder and President, Mark A. Jones attributes to the expert staff in branches across the region. He commented “Attaining this honor is not an accident, nor is it luck. This is based on intentional efforts by a very hard working, knowledgeable team of professionals.”

USDA Rural Development guarantees loans made by private sector lenders under the Guaranteed Loan Program.  If a loan is guaranteed through RD then if the borrower defaults on the loan, RD will pay the private financier for the loan. Last year more than 150,000 families across the country used this type of loan to purchase a home.

In May last year the USDA sent officials to the Kalamazoo area to roll out a rural development refinance program with AmeriFirst as a pilot member. The USDA and AmeriFirst have a long running professional relationship in helping local home buyers and homeowners with this zero-down mortgage option.

AmierFirst is a community mortgage banker with more than 25 years’ experience in serving the real estate market. Its headquarters are located in Portage, Michigan.

Allison Halliday

Allison Halliday is a Realty Biz News contributing writer. She handles International Real Estate and is a seasoned blogger.

Recent Posts

25 Effective Ways to Boost Traffic to Your Real Estate Website

In today's digital age, having a strong online presence is crucial for real estate professionals.…

20 hours ago

Understanding The Importance of Competitor Monitoring

Business in the 21st century is fast-paced and full of surprises. So, if you’re going…

2 days ago

How To Create Effective Real Estate Facebook Online Flyers

As the world further integrates technology into daily life, the real estate industry is not…

2 days ago

Why Real Estate Polls Are Must-have for Your Real Estate Blog

Yes, real estate polls can be an effective tool for engaging your audience and increasing…

2 days ago

6 Best Summer Projects for House Flippers

House flipping done well can be a profitable enterprise for real estate investors, but the…

2 days ago

Recruiting Insight Announces Acceptance Into The Lone Wolf Concierge Service Provider Network

Recruiting Insight today announced it has been accepted as a trusted provider inside the Lone…

3 days ago