Print
Banking & Finance

Military Mortgage Company To Open Wilmington Office

By Jenny Callison, posted Mar 29, 2019
AAFMAA Mortgage Services LLC, a wholly owned subsidiary of the American Armed Forces Mutual Aid Association (AAFMAA), will open an office in Wilmington next week.

The office, located at 1430 Commonwealth Drive, Suite 202, will serve active-duty and retired military personnel and their families with mortgage lending. A grand opening will take place at 4 p.m. on Thursday.

“The state of North Carolina has the third-largest military population in the nation and is home to more than 790,000 veterans,” AAFMAA’s news release stated.

The local office’s market in eastern North Carolina will serve two major military bases, a spokesman for AAFMAA said Friday in an email.

Officials stated that, at Camp Lejeune, active duty personnel alone in Camp Lejeune number around 47,000, with considerably more potential customers when family members and veterans are added.  The same is true for for Fort Bragg, which has about 52,000 active-duty service members, officials said, plus families and veterans in the area.
 
Heading up the new office is Kevin Holton, who has been with AAFMAA Mortgage Services as a senior loan officer since 2017. A graduate of the University of North Carolina Wilmington with a degree in finance, Holton has more than 10 years’ experience in mortgage and home equity lending.
 
AAFMAA, a nonprofit organization that provides life insurance, investment management, residential mortgages, and survivor assistance to military personnel, dates back to 1879, shortly after the Battle of Little Bighorn left no U.S. military survivors to share the cost of helping the slain soldiers’ families.
 
North Carolina is one of 16 states in which AAFMAA provides mortgages, refinancing and construction loans – as well as other financial services – to service members and veterans, the release stated.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Img 1576c1

Is Diversification Oversold?

Eddie Nowell - South Atlantic Capital Management Group
Webilm julieformal kellystarbuckcom mg 5471

Business is Growing at the ILM Business Park

Julie Wilsey - Wilmington International Airport
Jeff metrocopy

Public Adjusters are Your Advocates After the Storm

Jeffrey Feldstein - Metro Public Adjustment

Trending News

Hello Again, Henrietta: New Dinner Cruise Boat Floats Into Downtown Wilmington

Cece Nunn - May 21, 2019

Wheelz Pizza Aims To Revolutionize Pizza Delivery

Jessica Maurer - May 22, 2019

On Park Avenue In Wilmington, Developers Plan One-bedroom Apartments

Cece Nunn - May 21, 2019

Brother And Sister Team Up To Serve Family Soul Food Recipes

Jessica Maurer - May 22, 2019

Online Platform For Real Estate Investors Takes The Surfboard At CEA Awards Event

Jenny Callison - May 22, 2019

In The Current Issue

Preparing Homes For Hurricane Season

Hurricane season begins June 1, and with it comes the need for residents to prepare themselves and their homes as much as possible for poten...


Officials Forecast Hot Summer Travel Season

Marketing efforts by the Wilmington and Beaches Convention & Visitors Bureau (CVB), coupled with mended tourist attractions, are behind the...


Creating A Digital Arts Workforce

UNCW launched its digital arts program in fall 2017, hoping to prepare students in all facets of digital art through coursework that include...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018