AAA Financial has a range of Prime, Sub-prime, Non-conforming, and Specialist residential loans.

Prime Residential Lending

• Standard Home Loan
• Optioned Home Loan
• Professional Residential Home Loan
• Unsaved Deposit Home Loan

Non-Conforming Residential Lending

• Adverse Credit Home Loan
• No Financials Residential Loan
• No Deposit Home Loan

Specialist Residential Lending

• Foreign Investor Loan
• Line of Credit Facility

Standard Home Loan

With all the features of a traditional home loan product such as redraw facility.
The 'standard' loan for all residential properties.
Progress payments available for construction.
Flexible repayment and fixed rate options.
With or without an ongoing fee option.
A very competitive rate.
No ongoing fee.

Terms: Principal and Interest up to 30 years.
Loan Size: $30 000 to $500 000.
Max Lending Ratio: 97% of value

Optioned Home Loan

• A 'premier' residential loan product for your maximum financial versatily.
• Flexible redraw and direct credit of wages and B-pay available.
• Cheque book facilities and credit cards provided.
• Comes with telephone and internet banking facilities.
• Suitable for a mortgage reduction programme.
• Progress payments available for construction.
• Flexible repayment options.
• NO ongoing fees

Terms: Principal and Interest up to 30 years - Interest Only option available up to 10 years
Loan Size: $30 000 to $1 250 000
Max Lending Ratio: 95% of value

Note: The standard +0.45% p.a. is payable during construction.

Professional Residential Loan

For Professionals with combined incomes in excess of $60 000.
A professional package loan for all residential properties.
An option for no ongoing fees for the variable rate.
Progress payments available for construction.
Flexible repayment and fixed rate options.
Has redraw facility.

Terms: Principal and Interest up to 30 years.
Loan Size: $30 000 to $500 000
Max Lending Ratio: 95% of value

Fixed rates are available for 2 to 5 years.

Unsaved Deposit

Requirement of proof of a saved deposit is waived providing the source of deposit is declared (Stat. Decl.).
This is ideal if you have a First Home Owners Grant, or have borrowed your deposit, or you have been gifted your deposit.
With all the features of a traditional home loan product such as redraw facility.
Flexible repayments at weekly, fortnightly, or monthly intervals.
Progress payments available for construction

Terms: Principal and Interest up to 30 years.
Loan Size: $50 000 to $1 250 000
Max Lending Ratio: up to 90% of the value of the security

Standard Lender's Mortgage Insurance premium payable after lending over 80% of security value.

Adverse Credit Home Loan

A lending product able to deal with adverse situations that would otherwise hamper your lending.
Assesses the risk profile of the applicant to achieve the optimal rate.
Specifically designed with adverse credit applicants in mind

The risk profile can include:

• Incomplete income records.
  
• Higher than normal serviceability ratio.
  
• Difficult to verify income.
  
• Regional securities.
  
• 'Gift' deposits.
  
• Bad credit ratings, etc.

Terms: Principal and Interest from 15 to 30 years.
         Interest Only up to 5 years option.
Loan Size: $50 000 to 2 Million.
Max Lending Ratio: up to 90% [risk dependent]

No Financial Asset Based Loan

Under less than ideal circumstances, it may not be possible to provide complete financial details.
Or financial documentation is difficult to obtain and/or has minor credit impairments.
Or those financial details may preclude someone from regular lending.

In these cases, we have a variety of products which can*:

• Handle all of the above for owner occupied and domestic purposes.
• Handle all of the above for business or investment purposes.
• Conditionally take security over both residential properties and vacant lots.
• Support Owner Occupied, PAYG, PAYE, and Self Employed applicants.
• Require only the confirmation of your ability to service the loan.
• Provide a Line of Credit and Interest Only option.
• Offer flexible terms and repayments.
• Allow up to 70% body ratio.
• And all with NO ongoing fees.

Terms: Principal and Interest up to 25-30 years
       Interest Only up to 15 years
Loan Size: 30K to 2 million per security
Max Lending Ratio: as much as 70%

*Note: While some products can have one or more of these qualities and terms, not every combination is available.

No Deposit Home Loan

An owner occupied, residential lending programme providing funds for those with a stable income but no deposit. Also suitable for new migrant.

Restricted to residential property in SE Queensland, Sydney & Melbourne.
Minimum income requirements of $60 000 per annum.
No Deposit OR Equity Required.
Up to 106% Lending Ratio

Terms: Principal and Interest - 30 years.
Loan Size: Dependent upon city.
Max Lending Ratio: up to 106% of property value

Foreign Investor Loan

Many foreign residents who are unable to provide suitable documentation to establish their income for traditional lending can use this product.
Its purpose is to provide funding for the purpose of purchase or refinance of Australian residential property by foreign residents.
It requires limited financial documentation.
This package offers lending for most purposes.
Has redraw facilities.
Flexible terms and repayment options.
It is a well appointed product

Terms: Principle and Interest up to 30 years.
                Interest Only Option up to 5 years.
Loan Size: $30,000 to $1 million.
Max Lending Ratio: 80%

Note: If applicants can provide full tax returns and assessment for the past 3 years, it is possible that a maximum lending ratio of 80% is acheivable.

Line of Credit Facility

• Low cost line of credit.
  
• Flexible repayment options.
  
• With phone and internet banking facilities.
  
• Cheque book and credit card facilities.
  
• Unlimited transactions and No redraw fees.
  
• Direct salary credit and B-Pay available.
  
• Can be combined with a residential home loan with multiple account splits.
  
• No ongoing fees.