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The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. Employment Income Analysis , No Need W-2 Form , Best Rate , As part of our commitment to staying at the forefront of the industry, we invest heavily in cutting-edge technology to streamline the mortgage application and approval process. This not only speeds up the application process but also provides you with real-time updates on your mortgage status, giving you peace of mind and eliminating the uncertainty that can often come with the mortgage process. Our tech-driven approach allows us to offer a seamless and convenient experience, making your journey to homeownership or refinancing as efficient as possible.
– AAA Lendings HELOC – AAA Lendings Detail:

Heloc

Overview

Standalones HELOC.

The HELOC program is Home Equity Line Of Credit. Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization.

Details

1) Like a high-limit credit card
2) No Prepayment Penalty
3) No Annual Fee
4) Primary & Second home eligible
5) 1 Unit & Up to 90% HCLTV
6) Max Loan amount $350,000
7) Min. FICO 680
8) Piggyback’s also available

*Index: Prime Mortgage Rate floated with the market.
Margin: Subject to loan scenarios, Margin Min. 1%,Fixed.
Lifetime Max Rate: 18%.
Lifetime Rate Floor: 2.5%.

What is the reason for choosing this program?

All in all, a HELOC may be a wonderful choice for borrowers at a time when most products’ interest rates are generally rising.

General Guideline

(1) Note Rate + 2% P&I over 30 year amortization as the qualifying rate.
(2)Assets/Funds to Close/Reserves:
★Piggybacks: follow first lien requirements
★Standalones: no asset verification is required if borrower is receiving cash-out (otherwise provide at least one month liquid asset statements showing sufficient funds to close)
(3)Appraisal/Property Valuation
★Piggybacks: follow FNMA/FHLMC guidelines (based upon the applicable AUS feedback type provided) except AAA LENDINGS will not accept appraisal waivers. If AUS permits an appraisal waiver, then instead provide: ①AVM and exterior minimum property condition report (including photos) dated          within 120 days of the note date or ② an appraisal (can be a desktop, exterior inspection and/or interior inspection) completed by a licensed/state certified appraiser dated within one year of note date.
★Standalones: 1) AVM and exterior minimum property condition report (including photos) or 2) an appraisal (can be a desktop, exterior inspection and/or interior inspection) completed by a licensed/state certified appraiser dated within one year of note date.
★For credit limits > $250,000, full FNMA 1004 or FHLMC 70 with interior & exterior inspection containing color photos required
(4) Title may not be held in the name of a trust.
(5) POAs are permitted for all transaction types but must cover the 2nd lien transaction if utilized.
(6) Loan must be in second lien position.
(7) No Annual Fee
(8) Leasehold not eligible
(9)Payment will be due on the 15th of each respective month
(10) 5% late fee will be assessed on the payment due date + 15 days (unless there is a more restrictive state requirement)
(11)Lifetime Max Rate: 18% or state maximum and Lifetime Rate Floor 2.5%
(12)No Prepayment Peanlty.


Product detail pictures:

– AAA Lendings HELOC – AAA Lendings detail pictures


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Our commitment to excellence and dedication to our customers have propelled us to expand our operations across 45 states, including Arizona, California, Washington D.C., Florida, Nevada, and Texas, among others. However, our success isn't solely defined by numbers. The countless positive reviews and strong word-of-mouth reputation we've garnered serve as a testament to the trust and confidence the market has placed in us. – AAA Lendings HELOC – AAA Lendings , The product will supply to all over the world, such as: Borussia Dortmund , Seychelles , Afghanistan , So that you can utilize the resource from the expanding info in international trade, we welcome shoppers from everywhere on-line and offline. In spite of the good quality solutions we offer, effective and satisfying consultation service is supplied by our specialist after-sale service team. Product lists and detailed parameters and any other info weil be sent to you timely for your inquiries. So please make contact with us by sending us emails or call us if you have any questions about our corporation. ou may also get our address info from our web page and come to our company to get a field survey of our merchandise. We are confident that we are going to share mutual achievement and create strong co-operation relations with our companions in this marketplace. We're searching forward for your inquiries.
  • It is really lucky to meet such a good supplier, this is our most satisfied cooperation, I think we will work again!
    5 Stars By Penelope from Serbia - 2018.06.03 10:17
    The accounts manager made a detailed introduction about the product, so that we have a comprehensive understanding of the product, and ultimately we decided to cooperate.
    5 Stars By Julie from Bangladesh - 2018.12.14 15:26