– AAA Lendings AAA Jumbo Plus – AAA Lendings Detail:
Overview
30 years fixed.
Details
1) Rental income can be used with 2 years landlord experiences history;
2) No Mortgage Insurance;
3) Max. LTV 85%;
4) Min. 12 months reserves on PITIA;
5) Min. Fico 680;
6) Max. Loan amount $3.0M;
7) Max cash-out amount $500,000.
* Min. Loan Amount: Max Fannie Mae General LoanLimit + $1
Loan scenario
1. Purchase / Primary / Value $2.4M /
Loan amount 2.0M / LTV 83.3% / Fico 740
2. Purchase / Primary / Value $3.2 M /
Loan amount 2.5M / LTV 78% / Fico 720
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