Product Center

Product Detail

Transparency is at the core of our operations. We take pride in our open and honest communication with our clients. No hidden fees, no surprises. We provide clear, straightforward information about your mortgage options, ensuring you have all the facts to make informed decisions. Our goal is to build trust with our clients by being forthright and transparent, making your home financing experience as smooth as possible. Conventional Loan Vs Jumbo Loan , Mortgage Lender Vs Bank , 401(K) And 403(B) , At AAA LENDINGS, our commitment to excellence extends to our team. We're proud to have a dedicated group of professionals who are experts in the mortgage industry. Our loan officers are not just experts; they are your allies. They are here to guide you through the entire lending process, from application to closing. We take pride in our team's expertise, ensuring you receive the highest level of service and support.
– 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.

* 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%.

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

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


Related Product Guide:

Navigating the mortgage landscape can be complicated, but AAA LENDINGS simplifies the process, making it engaging and stress-free. We offer a clear and concise document collection system, allowing you to easily upload the required paperwork online. We are keenly aware that your time is valuable, and by making the process smoother, we keep you actively engaged and in control of your mortgage journey. – AAA Lendings HELOC – AAA Lendings , The product will supply to all over the world, such as: Madagascar , Sierra Leone , Georgia , The development of our company not only needs the guarantee of quality, reasonable price and perfect service, but also relies on our customer's trust and support! In the future, we will continue with the most professional and high quality service to provide the most competitive price, Together with our customers and achieve win-win! Welcome to inquiry and consult!
  • The company account manager has a wealth of industry knowledge and experience, he could provide appropriate program according our needs and speak English fluently.
    5 Stars By Julie from Mombasa - 2018.02.04 14:13
    Production management mechanism is completed, quality is guaranteed, high credibility and service let the cooperation is easy, perfect!
    5 Stars By Frank from Azerbaijan - 2018.09.21 11:01