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

Phone : 717-285-6612
Fax : 717-285-6413
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American Log Mortgage
Div. of American Home Bank, N.A.
877-BANK-AHB
(877-226-5242)
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Common Customer Questions
1. How can I find out how much I can afford?
Call Dean Loux toll free at 1-877-226-5242 ext 6612 or you could submit pre-qualification request online at www.americanlogmortgage.com. To calculate your affordability analysis, Dean will need to know your current gross income and minimum monthly debt payment requirements. In order to complete the pre-qualification, heíll also need to request your credit report.

2. When should I start the application process? How long does it take to get approved?
We always suggest that you start the formal application process approximately 90 days before you need any disbursements. After Dean receives your formal application package, a loan decision is normally completed within 48-72 hours. Once youíre approved, it usually takes about 30-45 days to clear conditions for loan settlement.

3. After the loan approval, what comes next?
The most important step will be ordering your appraisal. The appraisal tells us the market value of the home based on current real estate market conditions. Appraisers are independent parties, not employees of American Log Mortgage. Construction appraisals normally take 2-3 weeks to complete.

4. What does the appraiser need to start on the appraisal?
Before the appraisal process can begin, the appraiser will need a copy of the plans, a copy of the quote/contract from the general contractor detailing the actual work to be done, a copy of the log kit quote/contract and a copy of the deed (if the land is owned).

5. At what point can I start to draw funds from my construction loan?
No funds can be disbursed until you have closed on your loan. This initial closing is when you sign your note and mortgage, prior to starting construction. Draw checks cannot be issued until the appraiser provides verification that the scheduled work has been completed. You or your contractor should call at least 5 days prior to scheduled work completion to order draw inspections.

6. How will American Log Mortgage disburse funds to pay for the log package?
We will pay the full balance due for the log package via wire transfer one (1) day prior to delivery of the log package. Depending on your lot equity, we can make deposit payments for your builder and/or log company at the loan settlement.

7. When my new home is completed, how does the loan convert from a construction loan to a regular mortgage?
When your home is complete, you will receive your last draw check. Then, you will be sent a modification package to be completed in the comfort of your home. When itís sent back to American Home Bank, we will convert your loan to a regular mortgage.

8. Do you offer an Owner GC or Self-build construction option?
We strongly prefer that you have a turnkey contract with a general contractor or builder. We can also approve the borrower to act as the GC on a case-by-case basis, but we do not offer a program for owner-builder projects (where the owner wants to stack the logs). American Log Mortgage will not require any special information about your GCís work history or financial stability as part of the approval process. There is no builder approval process.

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