What Is the AFM?
The Ability-First Mortgage (AFM) is Doorly’s fixed-rate mortgage structure used during your same-day resale.
It is a fully documented, compliant, 30-year fixed mortgage secured by the home you purchase.
Why AFM Is Different
Traditional lenders rely heavily on tax returns, W-2s, and perfect credit.
AFM is designed around real earning power, taking into account:
Income consistency
Cash flow patterns
Reserves
Spending behavior
Payment history across your accounts
This allows us to approve buyers who are financially capable but don’t fit traditional boxes.
Key AFM Features
30-year fixed loan
No prepayment penalty
Fully amortized
Borrower owns the home immediately
Full disclosures provided before closing
No balloon payments
Who Is AFM Designed For?
Self-employed individuals
1099 workers
Gig economy earners
Buyers rebuilding their credit
Buyers who need an approval based on true ability—not outdated formulas
Can You Refinance Later?
Absolutely. You can refinance at any time with no penalty.