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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. Rate Sheet , Top Mortgage Lenders By Volume 2021 , Ancillary Income , A crucial aspect of attracting your interest is the speed at which you can access vital mortgage information. Our website features a knowledge center, regularly updated with articles on a wide range of mortgage-related topics. From understanding credit scores to demystifying closing costs, these resources are designed to engage and educate you at your own pace, making your journey more interesting and informed.
– 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:

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 Second Loan – AAA Lendings , The product will supply to all over the world, such as: Cannes , Holland , Estonia , Most problems between suppliers and clients are due to poor communication. Culturally, suppliers can be reluctant to question things they do not understand. We break down those barriers to ensure you get what you want to the level you expect, when you want it. Faster delivery time and the product you want is our Criterion .
  • This is a very professional wholesaler, we always come to their company for procurement, good quality and cheap.
    5 Stars By Alexia from Haiti - 2017.09.28 18:29
    Adhering to the business principle of mutual benefits, we have a happy and successful transaction, we think we will be the best business partner.
    5 Stars By Bruno Cabrera from Philippines - 2018.06.19 10:42