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Frequently Asked Questions

Simply apply online through our secure online system by clicking the red apply now button.  If you prefer to speak with a loan officer contact us at 844.242.3964

What is a P&I payment?

How can I start my application?

P&I is the combined principal and interest you pay your lender each month. The principal amount repays a portion of the amount of money originally borrowed. The interest amount pays the monthly interest accumulated on your outstanding balance. Your total payment will typically include additional items, such as, real estate taxes and insurance premiums.

What is an origination charge?

The origination charge is the amount charged for services performed on the initial loan application and loan processing. This includes all charges (other than discount points) that lenders and brokers involved in the transaction will receive for originating the loan. It includes any fees for application, processing, underwriting services, and payments from the lender for origination.

What are points?

Points (sometimes referred to as discount points or mortgage points) are paid to the lender, usually at mortgage closing, in order to lower the interest rate. One point equals one percent of the original loan amount.

Why does my lender require homeowners insurance?

Homeowners insurance is an insurance policy that protects both you and your lender in case of loss or damage to your property.  The insurance company is chosen by you and the monthly homeowners insurance premium is often included as part of the monthly mortgage payment.

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Mortgage Financing

Auto Club Trust, FSB, NMLS ID # 799629. Serving AAA Members of The Auto Club Group and residents eligible for membership with The Auto Club Group in Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, North Carolina, North Dakota, South Carolina, Tennessee, and Wisconsin.  Other AAA Clubs

Loan Programs

AAA offers a broad range of financing options to best fit your needs.


Every Step of the Way

From search to close, you can count on the home experts of AAA to guide you through the complicated process of purchasing a home. From explaining your various finance options to helping you better understand the application process, including terms, closing costs, title work, insurance, escrow, home appraisal and more, we’ll be there to help every step of the way.

We offer Conventional loans, FHA loans, Jumbo financing, Fixed and Adjustable-Rate loans.  We also offer Affordable Home Loan Programs in Wayne County, MI.

There is absolutely no obligation to apply.  Call toll free at 844.242.3964 and ask to speak with one of our home loan professionals today.


homeloans@acg.aaa.com

1 Auto Club Drive
Dearborn, MI 48126

844.242.3964

NMLS#: 799629

AAA Banking is proud to offer home mortgage lending to our Members, Employees, and non-members within the Auto Club Group area. We offer a wide variety of mortgage products to help you with this step along life’s journey. Whether you are an existing homeowner looking to refinance or a first-time home buyer looking for a home, AAA is here to make the process as easy as possible. We offer a variety of fixed rate and adjustable loans along with a simplified digital process. In addition, we are proud to offer VA programs to our Veterans; it’s an earned benefit we are happy to help provide.

Please give us a call or apply on-line, we look forward to assisting you as a trusted partner!