Mortgage Services

We provide complete professional Mortgage Loan services to meet your needs and we strive to provide every service to your highest level of satisfaction.

Our services include: Conventional, FHA and VA purchase loans, refinancing, and reverse mortgages.

Loan types: Conforming, High Balance and Jumbo loans.

As you start contemplating the purchase of a home and obtaining a purchase loan, or the refinancing of your current home loan, you will most likely have many questions regarding the process. Our website is designed with your specific needs in mind and provide you with a host of informative detailed information to answer many of your questions.
Plus – it is SSL certified for your security.


Aiello & Associates can pre-qualify you and assist you in obtaining the best possible financing for your home purchase or current mortgage refinance. Whether you are purchasing a home or refinancing your current mortgage, you can start your loan pre-qualification process online.

Online Loan Application

A secure, fast, and hassle-free way to apply for your Mortgage Loan Online using your smart phone, tablet, laptop, or PC.

 

  • In-house Loan Processing.
  • We have a direct communication with our wholesale lender Underwriters for a smooth transaction.
  • We will provide you with a detailed "Loan Estimate" of Closing Costs indicating just about every cost you will incur in your transaction (purchase or refinance). What you see, is what you get... No Surprises! No Junk Fees!

Loan Status Updates

We will keep you updated every step of the way such as: when your loan application has been received, underwriting, approval, appraisal status, loan conditions, pre-funding, funding, and closing.

  • Loan Programs and Options

    Loan Programs and Options


    • Loan options can be tailored to each client's needs
    • Conventional Loans with 3% down payment (max 97% Loan-to-value)
    • FHA Loans with 3.5% down payment (max 96.5 Loan-to-value)
    • VA Loans with 0% down payment (No monthly Mortgage Insurance required)
    • Refinancing (Rate and Term or Cash out)
    • Loan types: Conforming, High Balance, Jumbo & Home Equity Lines of Credit (HELOC's)
    • Reverse Mortgages (for seniors 62 years and older)
    • Property types: Single Family, Condo/Townhouse, Multi-Family (1 – 4 units)
    • Occupancy: Owner occupied, Second Home, Investment
    • Amortization types: Fixed & ARM (Adjustable-Rate Mortgage
    • Loan terms – Standard: 10, 15, 20, 25, 30

    Ask us about our Flex Term option: Chose any term between 10 – 30-year amortization. This allows you to select the amortization term that best fits your needs!


    Credit Scores


    • Conventional: as low as 620
    • FHA: 580 and higher – with a minimum 3.5% down payment (500 – 579 range – with a 10% down payment)
    • VA: 580 and higher 

    Other 


    • Mortgage Insurance Options: Can be borrower paid or lender paid
    • Qualifying ratios: up to 50%
    • Seller concessions (on purchase loans): Up to 6% of purchase price
    • Collections, charge offs and judgments (not affecting title) do not need to be paid off (in some cases)

    If any of the Loan Programs and Options looks confusing, don’t worry – we’re here to assist you every step of the way, from helping you chose the right loan program, to getting you qualified, to getting you the best rate, to getting your loan approved and funded!


    Note: The above information is a compilation of some loan program highlights and may vary based on the particular loan program, guidelines and minimum FICO score requirements, income, assets, and other factors. All loan programs and rates are subject to change without notice