Finance Articles

American Home Bank Announces American SystemBuilt Mortgage

Mountville, PA (PRWEB) October 18, 2007-- American Home Bank (http://www.americanhomebank.com/) (AHB), a national bank located in Lancaster County, PA, today introduced American SystemBuilt Mortgage (http://www.americansystembuiltmortgage.com/)SM (ASBM). ASBM offers custom, one-stop shopping financing packages and incentive programs to systemsbuilt manufacturers, builders and dealers. These packages, designed to attract and help consumers, are tailored to the unique lending needs surrounding log, modular, panelized and concrete homes.

Jim Deitch, CEO of American Home Bank, said, "Our new American SystemBuilt Mortgage Division reflects our enthusiasm for the systemsbuilt industry. This important segment of the housing market is a strategic focus for our organization; and we are pleased to introduce a division which will concentrate specifically on its lending needs." American SystemBuilt offers programs, products and services that meet the needs of the consumer, the manufacturer and builder. "Manufacturers, dealers and builders

want to work with lenders who understand their business and the unique needs of their customers," commented Doug Groff, a member of NAHB's Building Systems Councils (http://www.nahb.org/generic.aspx?sectionID=815&genericContentID=42409) and President of American Log Mortgage. Groff added, "We work to help customers obtain the systemsbuilt homes of their dreams, and in so doing, we help manufacturers, builders and dealers sell more homes and make more profits."*

"ASBM is ideal for manufacturers who want to participate in a joint venture arrangement or for those manufacturers, builders or dealers who are simply looking to work with a lender who specializes in the systemsbuilt construction process," commented Paul Fazzini, Senior Vice President of Joint Venture Development. "As a preferred lender, AHB offers over 100 program options for construction to permanent financing, and over 1,000 programs for permanent mortgages," continued Fazzini.

American Home Bank is a national bank providing retail, wholesale, correspondent and joint venture mortgage solutions. The Bank specializes in construction to permanent and residential mortgage lending and offers products from over a dozen national sources. Joint ventures with manufacturers, builders and dealers are created through Modular Total Control, a program of American SystemBuilt Mortgage, which is a turnkey mortgage company solution that can be up and running in about 30 days. American Home Bank is the parent company of American Log Mortgage. American Home Bank, N.A. was formed in August 2001 as a privately held national bank. For more information visit www.americansystembuilt.com or contact Doug Groff or Yana Peifer at 877-Bank-AHB.

*Profit sharing in mortgages issued is subject to applicable provisions of The Real Estate Settlement Procedures Act for compensable good, services and facilities provided.

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