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Innovation is part of our DNA. We continuously seek ways to enhance the mortgage experience for our clients. Our state-of-the-art online application process, secure document management, and digital communication options offer a seamless, paperless mortgage journey. With AAA LENDINGS, you can expect a modern, efficient, and secure mortgage lending experience that keeps up with the fast-paced world of technology. Your convenience and security are paramount to us. Tax Return , Mortgage Lender List 2021 , Mortgage Lender License , What sets us apart is our personalized approach to lending, as opposed to the one-size-fits-all methods employed by many others. We provide tailored solutions for the unique needs of each individual client, firmly believing in the possibility of every loan. With AAA LENDINGS, your financial goals become ours, and together, we make them happen.
– AAA Lendings Second Loan – AAA Lendings Detail:

Title SL

Overview

Standalone & Piggyback.
Second Loan Only is acceptable.

* Subject property should have a first mortgage.

Program Highlights

15 Years Term.
Other term options(5 yrs, 10yrs, 20yrs, 30yrs).

1) No Prepayment Penalty;
2) 1 Unit & Up to 85% CLTV;
3) Min. FICO 680;
4) Max. Loan Amount $250,000;
5) Primary & Second home are eligible.

Credit Guideline

(1) If there are past due unpaid Federal income taxes, the borrower should provide installment agreement with the IRS, payment history showing at least 1 payment being made, and include the monthly payment in the borrower’s debt obligations. Proof of income tax payment may be required to verify there are no past due taxes.
(2) Tax liens must be paid off at or before closing.
(3) No mortgage delinquency (0×30) in the last 24 months.
(4) For any mortgage forbearance or payment deferral agreements that occurred during the COVID-19 pandemic time period, borrower(s) must have made at least 6 consecutive separate on-time monthly housing payments and at least 6 months must have elapsed since the forbearance/deferment arrangement ended.
(5) Borrower(s) must be current on all mortgage debt.
(6) No judgements, repossessions or charge offs in the past 60 months.
(7) The following are considered severe delinquency, regardless of AUS feedback; borrowers with these profiles are ineligible until a period of 7 years has passed since occurrence and credit has been re-established:
①Bankruptcy
②Foreclosure / Deed in Lieu of Foreclosure
③Short Sale or Short Payoff
④Mortgage modification, forbearance or deferment (excluding COVID-19 related)

General Guideline

(1) Max. DTI 43%.
(2) Qualifying rate is qualified at initial note rate.
(3) Assets/Funds to Close/Reserves follows first lien requirements.
(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) Leasehold is not eligible.
(7) No Prepayment Peanlty but require that any loans can be paid off or make principal curtailments in excess of 20% of the balance after 180 days of the funding date.
(8) AAA LENDINGS will not do HPML Ballons (APR > 15 Years Fixed APOR +3.5%).


Product detail pictures:

– AAA Lendings Second Loan – AAA Lendings detail pictures


Related Product Guide:

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. – AAA Lendings Second Loan – AAA Lendings , The product will supply to all over the world, such as: Cairo , Jamaica , Indonesia , With the enterprising spirit of high efficiency, convenience, practicality and innovation, and in line with such serving guidance of good quality but better price, and global credit, we are striving to cooperate with the automobile parts companies all over the world to make a win-win partnership.
  • Product quality is good, quality assurance system is complete, every link can inquire and solve the problem timely!
    5 Stars By Rosemary from Chile - 2018.12.28 15:18
    The company can think what our think, the urgency of urgency to act in the interests of our position, can be said this is a responsible company, we had a happy cooperation!
    5 Stars By Grace from America - 2018.11.28 16:25