Get a quick cash loan when you need one with AimLoan app which gives you UpTo $1000 loan without collateral.
AimLoan was founded in 1998 as an Internet Direct Lender, committed to using technology to deliver savings, transparency and convenience to mortgage customers.
Since then AimLoan have funded over $23 billion in mortgages to over 90,000 homeowners throughout the country.
American Internet Mortgage, more commonly known as “AimLoan,” which is a streamlined discount mortgage lender that focuses mostly on conforming home loans.
Why AimLoan Mortgage Loans
Since 1998, AimLoan.com has worked tirelessly to create the most efficient loan origination system in the industry.
Their system eliminates the mortgage broker and highly commissioned loan officer, the highest cost components of the mortgage process.
AimLoan further reduce costs by utilizing automated underwriting systems and other technologies, and by lending in 50 states from a single location.
AimLoan.com was founded by Vince Kasperick who continues to serve as president.
Requirements To Apply For AimLoan
An appraisal report is a written description and estimate of the value of a property. National standards govern not only the format for the appraisal, they also specify the appraiser’s qualifications and credentials.
In addition, most states now have licensing requirements for appraisers evaluating properties located within their states.
The appraiser will create a written report for AimLoan and you’ll be given a copy prior to closing.
The report will compare the qualities of your home with other homes that have sold recently in the same neighborhood.
These homes are called “comparables” and play a significant role in the appraisal process.
Using industry guidelines, the appraiser will try to weigh the major components of these properties (i.e., design, square footage, number of rooms, lot size, age, etc.) to the components of your home to come up with an estimated value of your home.
The appraiser adjusts the price of each comparable sale (up or down) depending on how it compares (better or worse) with your property.
If your home is for investment purposes, or is a multi-unit home, the appraiser will also consider the rental income that will be generated by the property to help determine the value.
Is There A Hidden Fee To Apply For AimLoan?
There’s no cost for completing an online application and obtaining an online loan approval.
Upon receiving your online loan approval, you will be given an opportunity to lock your rate.
Credit Score For AimLoan
AimLoan system is designed to deliver the very best rates and fees available to qualified borrowers.
Their loans are underwritten by an automated underwriting system and, in most cases, FICO scores below 620 will not be approved by our system.
How To Apply For AimLoan
Their online application is very user friendly. You will not be asked for any account numbers and can estimate loan payment amounts, bank account balances, etc.
The application is broken down into sections and you can track your progress through each section at the top of each screen. It should take less than 20 minutes to complete the application.