BALLOON MORTGAGE

Stay in their home for only a short period of time may opt for a balloon mortgage.

A balloon mortgage loan is a home loan with an initial period of low—sometimes interest-only— payments, at the end of which the borrower must pay the balance in full. A balloon mortgage is usually short-term, often five to seven years.

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800-745-9280

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Someone will reach out to you within 24 hours to talk to you about your funding scenario.

AH Lend Home renovation cta 1
Once Julie and Tim took over my two properties deal for refinance, they worked tirelessly to push everything through within 2 weeks time. Awesome experience, friendly knowledgeable people that care about helping you and your needs. Julie, Tim, and Spencer are great people to work with, thank you so much for working with me.. Truly a pleasurable experience!

Benefits of Working With Us

  • Direct Refinance LenderDirect Refinance Lender
  • Minimal DocumentationMinimal Documentation
  • Closes as Quickly as 14 DaysCloses as Quickly as 14 Days
  • No Pre-Payment Penalty AvailableNo Pre-Payment Penalty Available
  • In House UnderwritingIn House Underwriting
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800-745-9280

Program Criteria

1

Score and background check

2

$100K – $10MM+ non-owner occupied property

3

2 months of recent bank statements

4

Fix & Flip Expierenced Required

States We Lend In

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

Apply now
800-745-9280
AH Lend Home renovation cta 2
AHL is an outstanding company. They actually execute on their promises. I had the pleasure of working directly with Jessica Reynolds. She is knowledgeable and efficient. It was my first time getting a rental loan and she was extremely patient with me. She was by my side every step of the way.

Property Types We Fund

We lend on Single-Family Residences, 2 to 4 Units, Townhomes, Planned Unit Developments, or Condominiums. All properties must be non-owner occupied.

Apply Now
800-745-9280

A balloon mortgage loan is a home loan with an initial period of low—sometimes interest-only— payments, at the end of which the borrower must pay the balance in full. A balloon mortgage is usually short-term, often five to seven years.

With their lower monthly payments, balloon mortgages can be advantageous to buyers planning to be in the home for a short term. Financing a property with balloon mortgage loans is a quick and straightforward process for an experienced lender like American Heritage Lending.

OUR BALLOON MORTGAGE RATES & TERMS:

PROPERTY TYPESSingle family, condos, townhomes, 2-4 units
LOAN AMOUNTS$75,000 – $970,800
TERMFixed for specific period. Ending with final lump sum payment.
LOANS AVAILABLELoans are available to individuals with or without stated income, trusts, corporations, and limited partnerships.

BALLOON MORTGAGE FINANCING

People who expect to stay in their home for only a short period of time may opt for a balloon mortgage. It comes with low monthly payments and a much lower overall cost since it is paid off in a few years rather than in 20 or 30 years like a conventional mortgage.

  • Free and Clear PropertyFree and Clear Property
  • Purchasing another propertyPurchasing another property
  • Crossing another PropertyCrossing another Property
  • Crossing another PropertyCrossing another Property
  • Paying for Tenant ImprovementsPaying for Tenant Improvements
  • Paying for Rehab Work on a Distressed PropertyPaying for Rehab Work on a Distressed Property
AH Lend Refinance Loans 1

WHY CHOOSE A BALLOON MORTGAGE LOAN?

Many buyers will likely have difficulty getting loans through a traditional lender like a bank or credit union. With American Heritage Lending, we offer you a variety of financing solutions to fit your needs.

We understand the need to move quickly when opportunities arise. Our application, appraisal, and approval process can be accomplished in just a few days to ensure you can negotiate effectively with the property holder.

Apply Now
800-745-9280

USE OUR BALLOON MORTGAGE LOANS WHEN TRADITIONAL LENDING SOLUTIONS ARE NOT AVAILABLE

People who expect to stay in their home for only a short period of time may opt for a balloon mortgage. It comes with low monthly payments and a much lower overall cost since it is paid off in a few years rather than in 20 or 30 years like a conventional mortgage.

Others may intend to stay in their homes and refinance before the balloon payment is due. They may be counting on a higher income by then, and they are sure they will be able to handle a larger monthly payment. Or they may foresee a fall in interest rates.

Another type of homebuyer who might find the balloon mortgage appealing is a professional whose primary income comes as a year-end bonus. If that bonus is a certainty, it allows the buyer to get into the home earlier.

Now You’re Talking to The Right Lender!

Get started today. Simply check a few boxes on the form above, and we’ll contact you to explain the options available. No cost. No obligation. Completely confidential.

Ready to take the next step

Apply now
800-745-9280