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Your time is precious, and we respect that. At AAA LENDINGS, we're committed to streamlining the mortgage process to save you time and effort. Our online application is user-friendly and designed with your convenience in mind. You can complete the application at your own pace, from the comfort of your home or office. We know you have a busy life, and we aim to make the mortgage process engaging, efficient, and time-saving. Top Mortgage Brokers , Mortgage Broker Business , Conventional Loan Limits 2021 , 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 Second Loan – AAA Lendings Detail:

Title SL

Overview

Standalones Second Loan.
Second Loan Only is acceptable.
15 Years Term.Other term options(5 yrs, 10yrs, 20yrs, 30yrs).

* Subject property should have a first mortgage.
* This Program can be available on AZ,CA,CO,FL,GA,IL,MD,MI,MN,OH,OR,PA,SC,VA,WA.

Details

1) No Prepayment Penalty;
2) 1 Unit & Up to 90% CLTV;
3) Min FICO 680;
4) Max Loan amount $250,000;
5) Primary & Second home eligible.
6) Piggyback’s also available

Credit Guideline

(1)If there are past due unpaid Federal income taxes, provide installment agreement with the IRS, payment history showing at least 1 payment being made and that the borrower is current, 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 43.000%
(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 not eligible
(7)No Prepayment Peanlty but require that any loan can be paid off or makes principal curtailments in excess of 20% of the balance after 180 days of funding date.
(8) AAA LENDINGS will not do HPML Ballons (APR > 15 Year Fixed APOR +3.5%)


Product detail pictures:

– AAA Lendings Second Loan – 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 Second Loan – AAA Lendings , The product will supply to all over the world, such as: Indonesia , Spain , Tunisia , With the highest standards of product quality and service, our products have been exported to more than 25 countries like the USA, CANADA, GERMANY, FRANCE, UAE, Malaysia and so on.We are very pleased to serve customers from all over the world!
  • After the signing of the contract, we received satisfactory goods in a short term, this is a commendable manufacturer.
    5 Stars By Elaine from UK - 2017.08.18 11:04
    The company has rich resources, advanced machinery, experienced workers and excellent services, hope you keep improving and perfecting your products and service, wish you better!
    5 Stars By Hazel from France - 2018.12.11 11:26