We want to provide AOPA members with the fastest possible turnaround for their financing. In order to do this, we strongly recommend that a completed application be submitted with all the requested detail and supporting financial documents listed here:
After Approval Process
- An AAF loan administrator will contact you via phone and/or email to communicate the Lender’s approval decision.
- The AAF loan administrator will send you a Pre-Closing Checklist to be completed.
Samples of the required documents listed in the Pre-Closing Checklist:
- Purchase Agreement
- Bill of Sale
- If registering the aircraft in a Business Name or LLC Name, Articles of Incorporation or other appropriate organizational documents will be required.
- When the purchase agreement, appropriate organizational documents and Bill of Sale have been received, the Loan Administrator will order a title search on the aircraft.
- Once a clear title search has been verified and received, the Loan Administrator will create your loan documents and overnight them to you to the address on the application.
- You will sign and notarize the loan documents and send them back to us via the pre-paid envelope.
- You need to provide proof of insurance information that meet lender requirements (Lender requirements will be provided.)
- You/the seller will need to provide wiring instructions.
- As soon as the AAF loan administrator has received all of the above documents and the documents are executed properly, the loan package will be sent to Funding/Escrow.
All financial information may be emailed to firstname.lastname@example.org or faxed to: 877.314.6448. Please call 800.62.PLANE to speak to a loan specialist if you have questions.