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(Non Conforming) Home Loan
• No Financials Asset Based 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.
Flexible repayment and interest only options.
With or without an ongoing fee option.
A very competitive rate.

Terms: Principal and Interest up to 40 years.
Loan Size: $20 000 to $1 000 000 per loan.
Max Lending Ratio: 90% 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.

Terms: Principal and Interest up to 30 years - Interest Only option available up to 10 years
Loan Size: $50 000 to $1 000 000
Max Lending Ratio: 90% of value

Professional Residential Loan

A professional package loan for all residential properties.
Progress payments available for construction.
Flexible repayment and fixed rate options.
Has redraw facility.

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

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 $1 000 000
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 (Non Conforming) 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 option available.
Loan Size: $50 000 to 2 Million.
Max Lending Ratio: up to 85% [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 business owner occupied or investment purposes.
• Support Business Owner Occupied, PAYG, PAYE, and Self Employed applicants.
• Offer flexible terms and repayments.
• Allow up to 65% body ratio.

Terms: Principal and Interest 20 or 25 years
       Interest only for first 7 years
Loan Size: 100K to 2 000 000 per security
Max Lending Ratio: as much as 65%

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

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 available.
Loan Size: $30,000 to $1 000 000.
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 achievable .

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.