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Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. Conventional Loan Appraisal , Mortgage Broker Vs Lender , Fico Score , Founded in 2007, AAA LENDINGS is a prominent mortgage lender with a rich history spanning over 15 years. We have gained renown for our unwavering commitment to providing exceptional service and reliability in the world of mortgage lending. Our remarkable lending portfolio is a testament to our experience and capability, with a staggering total loan disbursement exceeding $20 billion. Over the years, this financial prowess has enabled us to assist nearly 50,000 families in achieving their borrowing objectives, making homeownership dreams a reality.
– 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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AAA LENDINGS takes pride in our community involvement and social responsibility. We believe that being a responsible lender means giving back to the communities we serve. Our team actively participates in charitable initiatives, supporting local causes, and promoting financial literacy. We're not just in the business of providing loans; we're invested in making a positive impact on the lives of our clients and the communities they call home. – AAA Lendings Second Loan – AAA Lendings , The product will supply to all over the world, such as: Doha , Sao Paulo , Tanzania , We've got more than 10 years experience of production and export business. We always develop and design kinds of novel items to meet the market demand and help the guests continuously by updating our goods. We've been specialized manufacturer and exporter in China. Wherever you are, make sure you join us, and together we will shape a bright future in your business field!
  • Superb technology, perfect after-sales service and efficient work efficiency, we think this is our best choice.
    5 Stars By Joa from Porto - 2017.11.20 15:58
    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 Bruno Cabrera from Belgium - 2017.10.27 12:12