American Home, AIMCO Join Forces

Published January 14, 2003, 3:00 p.m. EST

1 Min Read

American Home Mortgage Holdings Inc., New York, has announced an exclusive agreement with the Apartment Investment and Management Co., Denver, to offer up to a $1,500 closing cost credit for AIMCO residents who buy a home through AIMCO's HomePlanner program.American Home said its Internet lending division, MortgageSelect.com, will be the exclusive mortgage provider for AIMCO, and that Freddie Mac has agreed to purchase mortgages made to HomePlanner users in order to "expand affordable homeownership opportunities." In addition, DCS Relocation will supply real estate services for eligible residents. Under the agreement, MortgageSelect will offer best-price guarantees; a full range of products, including zero-downpayment programs; and streamlined loan approval. American Home can be found online at http://www.americanhm.com and http://www.mortgageselect.com, and AIMCO can be found at http://www.aimco.com.

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