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Happy Young Military Family in Front of Sold For Sale Real Estate Sign and New House.Whether you are buying, building or refinancing or want to finance a home improvement project, you can now go online to get started.

American Federal Bank introduces anytime, anywhere, from any device access to apply for a home loan.

Speak with your local American Federal Banker for details or click the “Home Loan – Apply Now” button on the Home Page.

No need to wait until you find a property. You can start the process today.  With a preapproval letter from American Federal, realtors and sellers will take your interest in buying a home seriously.

Your online home loan application is secure and mobile friendly.

There is no fee to apply online and no commitment or obligation to complete the application process even after you submit the online application.

Easy, intuitive navigation uses your information to display only the parts of the application that apply to your situation. Calculators help you evaluate monthly payment scenarios, rent versus buy options and how much you can save if you refinance.  A glossary of terms gives definitions of home loan terms.

Your application is automatically bookmarked if you leave and return later to pick up where you left off or make a change. Document exchange is available and allows the secure uploading of documents, such as paystubs, W2s and bank statements.  Use loan status to track the progress of your application.

You select the local American Federal Banker you want to work with and the Banker’s contact information in always at your fingertips on the application.

If you have a question or encounter a problem, your local American Federal Banker is just a phone call, email or text message away.

The home buying process can be complicated. Your American Federal Banker will be your central guide through the financing process, answering your questions and keeping you on track so you can reach your home ownership goal sooner.

Make an appointment today with your local American Federal Banker. Contact information for American Federal Bankers who can help you with your home loan is listed on the American Federal website Home Ownership page and on the Mortgage Center in the Online Mortgage Application.

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Prequalification versus Preapproval at American Federal

A prequalification tells you roughly how much you can borrow based on basic financial data you provide. At American Federal Bank, a credit check in involved and there is no upfront fee or obligation.

A preapproval is a more detailed look at your data and is based on a preliminary review of your credit information. It tells a seller or real estate agent you have been preapproved for a specific loan amount, usually for a particular time period and subject to specific conditions (for example, an appraisal).  At American Federal, there is no upfront fee or obligation.

Because a preapproval is based on verification of your documentation and an actual credit check, a preapproval can have a greater benefit. You can shop confidentially because you have an estimate of how much you can borrow and your real estate agent knows an approximate price range to search.  Sellers know you will be approved for a mortgage and the home sale will close.

It is important to know, however, that neither is a commitment to lend.