Wholesale - AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings lender and investor

Product Detail

The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. Non-Qm Investor , Mortgage Lender Credit , Mortgage Lender Requirements , At AAA LENDINGS, our commitment to excellence extends to our team. We're proud to have a dedicated group of professionals who are experts in the mortgage industry. Our loan officers are not just experts; they are your allies. They are here to guide you through the entire lending process, from application to closing. We take pride in our team's expertise, ensuring you receive the highest level of service and support.

– AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings Detail:

Affordable Housing Portfolio Loan L

Overview

Affordable Housing Portfolio Loan offer flexible underwriting, highly competitive rates and fixed or variable-rate financing options with certainty and speed of execution.

Details

7/6 ARM (30-Day Avg. SOFR)

1) Max. LTV 80%;
2) Max. Loan Amount $1,500,000;
3) All scenarios require 12 months P&I in the U.S. Financial Institution as reserves;

4) Primary Transaction must be CRA Eligible Loan:
①LMI of less than 80% of FFEIC median income for census tract; or
②Subject Property Located in LMI geographic location.

5) Investment Transaction must be CRA Eligible Loan:
①Subject Property Located in LMI geographic location.

* Cash Out/FN is Not Available
* Second Home Transaction is Ineligible

★Most recent 2 months bank statement required.
★Business funds may be used up to 100% of current balance if borrower can demonstrate 100% ownership of the business.
★Gift is allowed for 100% of down payment for all occupancies and properties, but no gift funds can be used for reserves.
★Subject property cannot be listed for sale at the application date.

★Max Front-End/Total Debt-to-Income (DTI) ratio allowed: 38%/50%.
★No AUS required – Manually Underwritten
★Qualifying Interest Rate: Higher of fully-indexed rate or note rate.
★Condo must be warrantable by Fannie Mae; non-warrantable condominiums will be reviewed on an individual basis.
★Transaction must be an Arms-Length Transaction.
★Appraisal guideline: One Full Appraisal and One Automated Valuation Model.

Elite P&L

①.YTD + 2021 one full year P&L Stmt completed by CPA.
②.CPA Letter (from CPA that prepared previous 2 years tax returns) verifying prepared business ownership and same location for at least 2yrs & 2yrs business license.

Elite WVOE

Completed by Employer

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Transparency is at the core of our operations. We take pride in our open and honest communication with our clients. No hidden fees, no surprises. We provide clear, straightforward information about your mortgage options, ensuring you have all the facts to make informed decisions. Our goal is to build trust with our clients by being forthright and transparent, making your home financing experience as smooth as possible. – AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings , The product will supply to all over the world, such as: Turkmenistan , Oman , Denver , We have now 48 provincial agencies in the country. We also have stable cooperation with several international trading companies. They place order with us and export solutions to other countries. We expect to cooperate with you to develop a larger market.

-AAA Lendings

The factory can meet continuously developing economic and market needs, so that their products are widely recognized and trusted, and that's why we chose this company.