Purchase FAQ

We offer a wide variety of loan products to meet your specific needs on any purchase transaction.

How do I know what my loan rate will be?

Rates vary primarily based on the type and purpose of the loan, your credit history and income, loan amount, and aircraft value.

How do I qualify for a loan?

We use specific criteria to determine if you qualify for a loan and the amount you can qualify for. You can use our Calculators area to determine whether you can qualify for a loan, the types of loan products that are best for you, and many other things. USAF allows you to apply and get approved right here online – it’s fast, easy, and free (USAF charges no application fee).

How much can be borrowed on an aircraft?

We can lend up to 90% of our aircraft valuation or purchase price whichever is less.

What is needed in order to start the application process?

We need a completed USAF application (available on line) along with a spec sheet on your aircraft and the last two years of IRS tax returns.

How long does the approval and closing process take?

Typically we offer same day approval and the next business day closing.