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American Dream Home Mortgage

We pride ourselves in helping people find the best solution for their individual financing needs. We take the time to get to know our clients while working quickly to get them the results they want.

Services We Offer

At American Dream Home Mortgage, we pride ourselves in helping people find the best solution for their individual financing needs. We take the time to get to know our clients while working quickly to get them the results they want. We opened our business in 2006 and have over 30 years’ experience in the industry. We understand the importance of providing the best possible terms while meeting your closing deadline.

The reason we established American Dream Home Mortgage is because we want to see people’s dreams of homeownership become a reality. The reason we’ve stayed in business is because we care about our customers and we ensure that they understand the loan process from beginning to end. American Dream Home Mortgage looks forward to assisting you with your homebuying or refinancing needs.

A home loan provided by a private lender such as a bank or mortgage company

This program was put in place to help first-time homebuyers have a safe and secure loan that they could qualify for.

VA loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans and active military.

The USDA program provides special programs for qualified customers when purchasing a rural home.

The streamline 203K is intended to help facilitate, uncomplicated improvements or repairs to a home.

Designed for low- to moderate- income individuals to qualify for their dream home with as little as 3% down.

Both hard money and private money are asset based loans from non-traditional lending sources.

Home improvements can be expensive, but that doesn’t have to stand in your way of completing your projects. There a numerous loan options available to make repairs more affordable.

Our Team

ADHM Teresa Fink Brandon FL

Teresa Fink

Owner and Loan Specialist
NMLS# 327751

Teresa Fink has been a resident and active business professional in the Tampa Bay community since 1987. Teresa began her career in the mortgage industry as a mortgage processor and became a licensed mortgage broker in 1990. As one of the communities top-producing loan originators, she decided to partner with her husband, Mike, in opening their own company in 2006. It was Teresa’s dream to help prospective home buyers to assist them...

ADHM Mike Fink Brandon FL

Mike Fink

Co-owner and Administrative Manager

Mike is a native of Ohio and has been a resident of the Tampa Bay Area for over 20 yrs. Mike is a veteran of the United States Air Force.

ADHM Paul Pritt Brandon FL

Paul Pritt

Mortgage Loan Originator
NMLS# 336840

Paul began his career in the mortgage industry in the Tampa Bay area in 1993, which means he brings a wealth of knowledge to the table. He received both a degree in history and in finance from the University of South Florida, and has previously been licensed as a realtor, a general contractor and held a securities license. This background allows Paul to speak to clients with knowledge and help them obtain...

ADHM Caryn Magherusan Brandon FL

Caryn Magherusan

Mortgage Loan Originator
NMLS # 1409812

Caryn grew up on the East coast of Florida, moving to Tampa after high school, to earn a Bachelors in Science degree in Accounting from the University of South Florida. She worked in Corporate Finance until 2014 where she then joined the mortgage world as a loan originator. Her diverse finance background has proven to be invaluable asset to the clients she serves. Caryn especially enjoys meeting new people of diverse backgrounds,...

Tanita Montgomery NMLS# 1705269 American Dream Home Mortgage Tampa

Tanita Montgomery

Mortgage Loan Originator
NMLS # 1705269

Tanita is a Florida native that has lived on both the East and West coasts. She holds a Bachelor's degree in Marketing from the University of North Florida and a Master's degree in Procurement & Contract Management from the Florida Institute of Technology. One of her greatest passions is animal welfare which led her to serve on the Board of Directors for Kids and Canines in Tampa, FL. Her breed of choice...

Todd Fogelsonger American Dream Home Mortgage Brandon

Todd Fogelsonger

Mortgage Loan Originator
MLO # 114827

Todd Fogelsonger has been in the lending business for over 20 years. He is known as the go-to guy to get your financing done, whether it be a conventional purchase, refinance, reverse mortgage, private money or commercial loans. Todd can get it done. His clients enjoy his constant communication and updates during the loan process and his ability to simplify a complicated process.

ADHM JoAnne Patton Brandon FL

JoAnne Patton

Senior Mortgage Loan Processor & Loan Originator
NMLS# 342684

Now in her 25th year in the industry, JoAnne has the experience you can trust. From loan origination and processing every kind of residential loan imaginable to managing her own branch office, there are very few challenges that she can’t overcome. With extensive knowledge of the underwriting process, JoAnne will guide you every step of the way through to closing. Communication is key and you will know you are in good hands...

ADHM Amber Fink Brandon FL

Amber Fink

Loan Processor

Amber Fink is a mortgage processor at American Dream Home Mortgage. Amber graduated in 2018 from Saint Leo University with a Bachelor’s in Marketing. Amber also manages the social media accounts for American Dream Home Mortgage. Amber was born and raised in Brandon, FL. Amber enjoys spending time with family and going to the beach. Amber looks forward to a long-term career in the mortgage industry where she can assist others in...

Proud member of the Valrico/Fishhawk Chamber Of Commerce.

Proud recipients of the finalist award for the 2010 Small Business of the Year Award sponsored by the Greater Brandon Chamber of Commerce.

Over
20,000
Customers Served

More Than
$500,000,000
in closed loans

More Than
100 Years
of combineD experience

Over

0
Customer Served

More Than

$0
In Closed Loan

More Than

0 YEARS
Of Combined Experience

Preferred Builder

Southern Homes is not associated with American Dream Home Mortgage and makes
no representations or warranties regarding American Dream Home Mortgage.

Testimonials

Teresa went above and beyond in helping my wife and I when we purchased our first home via short sale. I felt completely informed and very comfortable with the entire process

Brian Smith, Riverview FL

I sincerely felt like I was ADHM’s only client! Teresa took the time to explain all of the options and was not just a mortgage broker – she was an advocate for me.

Jessica Fritz, Brandon FL

Blog

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What If I Put Down Less Than 20% On A Home Loan?

November 5, 2018

Consumers who were approved for mortgage loans were required by lenders to make down payments equal...

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How Much Should First Time Home Buyers Put Down?

October 23, 2018

Previously, you could expect a lender to require you to pay up to 20 percent down...

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What Are Land Loans?

October 15, 2018

Some people are interested in buying land instead of an existing home, whether it is the...

Frequently Asked Questions

American Dream Home Mortgage isn’t just a great place for mortgages, we’re a great place for information too! Browse our articles below for tips, suggestions, advice and information on a whole range of mortgage related topics.
You can also Click Here to contact us or call us at 813-655-HOME

What documentation do I need to provide? 2018-02-12T07:53:51+00:00

Documents you will need to bring to your initial appointment:

  • Driver’s license and social security card
  • Copies of pay stubs for each applicant, reflecting a minimum of 30 days of income
  • Names/addresses of employers for the last two years
  • W-2s for the last two years
  • Copy of most recent tax return
  • Bank statements for the last three months
  • Proof of pension income, if applicable
  • Social Security and Disability payments, if applicable
  • Dividend earnings or bonus, if applicable
  • Child support or alimony payments (optional for you to disclose)
  • A copy of earnest money deposit
  • Information on debts such as car loans, student loans and credit cards
  • Security accounts (stocks, bonds, life insurance)
  • If self-employed: your year-to-date profit and loss statement, plus two years of bank statements and tax returns.
Are there any loan programs that don’t require a down-payment? 2018-02-12T07:14:56+00:00

Yes! We provide access to several loan programs that do not require a down payment but you may be required to meet certain credit, employment, or other factors. Some zero-down payment loans may require the home to meet certain requirements as well. Contact one of our mortgage consultants to see if this is an option for you.

What is mortgage insurance and why is it required? 2018-02-12T07:14:33+00:00

Mortgage insurance is a way for the lender to protect against a financial loss in the event the borrower is unable to keep making payments. Mortgage insurance is typically required when the loan is approved with little or no down payment, when the loan is for 80% or more of the purchase price, or if the borrower has poor credit.

Is there any way around mortgage insurance? 2018-02-12T07:14:11+00:00

Aside from putting down 20% or more as a down payment, mortgage insurance can be avoided with a loan program such as an 80/20, where the borrower takes out a 1st mortgage (80% LTV) and 2nd mortgage (20% LTV) for the property. No down payment is required with an 80/20.

Another option is the Lender Paid Mortgage Insurance (LPMI). With this option, the lender pays the mortgage insurance, but offsets this cost by charging a higher interest rate.

If I’ve filed bankruptcy in the past few years, will I still qualify for a mortgage loan? 2018-02-12T07:13:44+00:00

Even with a bankruptcy in your past, you can still qualify for a mortgage loan. Qualifying may depend on the type of bankruptcy you filed (Chapter 7 or Chapter 13) and how long ago it was. Our mortgage representatives are well trained in all aspects of home lending and can review your situation to see if you qualify for a home loan .

What are some of the benefits of Government loans (FHA, VA, USDA Rural Housing)? 2018-02-12T07:13:19+00:00

Government loans have become more attractive to borrowers because they are typically easier to qualify for, have lower interest rates, and affordable monthly payments. Many of these loans require little or no down payment, opening the door for a home loan to a larger pool of individuals. Many of these loans also have no early pay-off fees and limited out-of-pocket expenses for fees and closing costs.

How is my ARM rate determined? 2018-02-12T07:12:56+00:00

ARM, or Adjusted Rate Mortgages, have varying interest rants that can change on a monthly basis – it all depends on current market conditions how the rates may change. The rates are determined by adding a margin to an index on a specific date.

What is a balloon loan? 2018-02-12T07:12:33+00:00

Other loans (conventional or government backed loans) are paid incrementally over the life (term) of the loan so that by the end of that time, the total cost (interest and principal) has been paid off. Whereas a balloon loan’s principal is paid in one sum at the end of the term, which is usually 5 or 7 years. That sum is called the balloon payment. Borrowers can refinance at the end of the term or pay the balloon payment.

How is my monthly mortgage payment applied to my mortgage loan? 2018-02-12T07:12:10+00:00

Your monthly mortgage payment includes a payment to the principal balance, interest, and escrow (property taxes and insurance).

What is the difference between pre-qualification and pre-approval? 2018-02-12T07:11:46+00:00

Pre-qualification is a lender’s judgment of your ability to make payments on your mortgage, based on your verbal statement of income, assets, and employment history. Pre-approval is the underwriting decision that you are conditionally qualified for a specific loan amount, and are subject to the lender’s review of your completed application, verification of your income, assets, employment history, credit check, the home appraisal, and other determining factors.

Is there a fee to submit my application online? 2018-02-12T07:11:21+00:00

No, applying online is free.

Once I’ve submitted my application online, how long will it take before I know if I’ve been pre-qualified? 2018-02-12T07:10:44+00:00

One of our mortgage consultants will call you within 24 hours (during standard business days) of submitting your application. The pre-qualification process is fairly quick but it does not guarantee that you will be approved for a mortgage loan.

What is the difference between the interest rate and the annual percentage rate (APR)? 2018-02-12T07:09:41+00:00

The interest rate is the rate you agree to pay on your mortgage loan and determines the interest portion of your monthly payment. The annual percentage rate (APR) includes your interest rate and prepaid finance charges to give you an average yearly rate.

What is a discount point? 2018-02-12T07:09:09+00:00

A discount point is a percentage of the loan amount that is paid to the lender in order lower an interest rate.

What is an escrow account? 2018-02-12T07:08:41+00:00

An escrow account is set up to collect your payments for property taxes and homeowner’s insurance in equal amounts over a 12-month period. The account is then used to disperse the payments for property taxes or your homeowner’s insurance premium when those bills are due.

What is a rate lock? 2018-02-12T07:08:19+00:00

A rate lock is a contractual agreement between the lender and buyer with four components: loan program, interest rate, points, and the length of the lock.

What are points? 2018-02-12T07:07:39+00:00

Points are an upfront cash payment required by the lender as part of the charge for the loan. Points are expressed as a percent of the loan, so ‘2 points’ means a charge equal to 2% of the loan balance.

Resources and Calculators

Resources

Financial Loan Calculators

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