Greg Ebersole
American Log Mortgage
Log & Timber Frame Division
American Way Corporate Center
3840 Hempland Road
Mountville, PA 17554

Phone : 1-800-901-(LOGS)5647, Option 2
Fax : 717-285-6413
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American Log Mortgage
Div. of American Home Bank, N.A.
877-BANK-AHB
(877-226-5242)
News From Greg

Ask the right questions before applying!
Obtaining a mortgage for building a log home can be challenging. However, asking the right questions can help you find out if your lender is "log friendly".

Here are a few questions to ask:

1. Will the lender pay for your log package upon delivery? Most log companies will require that the log package be paid in full by the day of delivery, not when the logs are stacked. American Log Mortgage will wire the money to the log company the day before delivery.

2. Does the lender require that log home sales be used in the appraisal process? Finding log homes sales in the area you are building may be very difficult. Most log owners do not sell their dream homes which makes finding sales very difficult. American Log Mortgage does not require that log home sales be used in the appraisal process.

3. Does the lender offer a one-time close? Having a one-time close can save you thousands of dollars. American Log Mortgage offers a one-time close to help save you money.

4. Will the lender offer customized draw schedules for your builder? American Log Mortgage will work with your builder in customizing a draw. We also guarantee in writing a 48 hour turnaround time in getting the draws paid.

 
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