About AFC First
AFC First Financial Corporation, a Lehigh Valley, PA based private financial institution founded in 1947, is an industry leading energy efficiency lender, and the provider of the EnergyLoan program, a financing program for energy related home and business improvements. It is also the exclusive lender for the Keystone Home Energy Loan Program, Pennsylvania's official ENERGY STAR loan program, principally supported by by the Pennsylvania Treasury Department. AFC First is currently enagaged in the development of Great Bear Bank, a commercial community bank in organization, which will permit further national expansion of its energy efficiency lending platform.
AFC First's Original Corporate Headquarters
Founded in 1947 by John L Krajsa Sr. and Anna C. Krajsa, AFC was one of the first independent lending institutions licensed by the Pennsylvania Department of Banking. John L. Krajsa Jr. and Peter J. Krajsa joined the company in the 1970s and assumed ownership in the late 1980s. Peter J. Krajsa is the current principal owner, joined by John M. Hayes in 2006.
Great Bear Center at Brookside - New Corporate Headquarters
In 1995 AFC First began offering FHA Title One Home Improvement Loans on a statewide basis, and in 1999 was approved as a FannieMae Energy Loan lender. It has continued to expand the Energy Loan program offering it in cooperation with selected sponsoring manufacturers, utilities and other organizations, and currently offers the program in twelve Northeast and Mid-Atlantic U.S. states with over 1200 Approved Contractor/Dealers. In early 2005, AFC First was selected by the West Penn Power Sustainable Energy Fund to create the HELP program and which was launched in the West Penn Power service territory. In 2006 the Keystone HELP program was taken statewide through the principal support of the Pennsylvania Treasury Department. In 2008 AFC First was named the exclusive lender for the Connecticut Clean Energy Fund's solar leasing program.
AFC First was awarded the Penn Future Green Power Award in 2006 and The Lehigh Valley Chamber of Commerce has recognized AFC with its Excellence Business of the Year Award.
AFC First is licensed and regulated by the Pennsylvania Department of Banking under the Secondary Mortgage Loan Act and the Consumer Discount Company Act. As such a licensee it meets the requirements to function as a first and secondary mortgage banker or broker and is exempt from the Pennsylvania Mortgage Bankers and Brokers Act. It makes first mortgages under the Pennsylvania Loan Interest and Protection Law and is a Federal Housing Creditor under the Garn-St. Germain Act. As a licensed consumer lender or sales finance company in Pennsylvania, Connecticut, Maryland, Maine, Virginia and Vermont, the company makes the EnergyLoan program available to homeowners in those states as well as a Pennsylvania lender making loans in Delaware, Massachusetts, New York, New Jersey, New Hampshire and Rhode Island under exemptions.
