[b][Salt Lake City, 02/17/2016][/b] ─ American Loans, a premier lending institution in Utah, offers financing options for applicants who do not qualify under conventional guidelines. The company provides borrowers the option to take out subprime loans or jumbo loans, with the advantage of having more flexible terms. These loans are ideal for borrowers who have unconventional properties and have different income qualifications. Apart from the flexible terms, borrowers may also benefit from fixed rates and higher loan limits.

[b]How Subprime Loans Work[/b]

American Loans is committed to providing unprejudiced service, which is why they offer subprime loans. It is for borrowers who have lower credit scores and do not meet conventional requirements and guidelines. This option is ideal for situations wherein the borrower has non-verifiable income or if the borrower owns unconventional properties, such as farmhouses, churches, lighthouses, and more.

American Loans will provide the borrower the opportunity to take out a loan for a primary residence, a non-owner occupied property or a commercial property with a credit score as low as 5580. Moreover, the company ensures that these types of loans comply with State and Federal Laws.

[b]Benefits of a Jumbo Loan[/b]

The main benefits of taking out a jumbo loan are that it has fixed rates of as low as 4% and has no county restrictions. Borrowers can take out loans of up to $1,500,000 to 90% of the price or value of their home.

If the borrower has a credit score of more than 720, he or she may borrow as high as $2 million or higher to 80% of the home’s value. A jumbo loan is also flexible in terms of income qualification. American Loans will strive to tailor this loan product to the client’s particular circumstance.

American Loans is one of the first lenders in Utah to provide loan types with no county restrictions. Borrowers from different counties may enjoy the same benefits, fixed rates and loan limits. This is the company’s way of providing unprejudiced service to all residents of Utah and financing solutions that cater to their needs and circumstances.

[b]About American Loans[/b]

American Loans is a reputable financial institution servicing residents throughout Utah. The company includes a team of qualified finance professionals and lending experts who are dedicated to finding the best mortgage rates and solutions for Utah borrowers. The company has established a loyal customer base and has expanded their services, from conventional mortgage to investment property financing. The company has earned an A+ rating from the Better Business Bureau.

For more information about their financial solutions, interested clients may visit the company’s website at http://www.americanloans.com.