– AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings Detail:
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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We understand that a mortgage is not just a financial transaction but a significant life decision. Our focus on customer-centricity means that we don't just consider the numbers; we consider your unique story, aspirations, and financial goals. Our mortgage experts take the time to understand your personal journey, ensuring that you receive a mortgage solution that aligns with your vision for the future. – AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings , The product will supply to all over the world, such as: US , Pakistan , Russia , The development of our company not only needs the guarantee of quality, reasonable price and perfect service, but also relies on our customer's trust and support! In the future, we will continue with the most professional and high quality service to provide the most competitive price, Together with our customers and achieve win-win! Welcome to inquiry and consult!

We feel easy to cooperate with this company, the supplier is very responsible, thanks.There will be more in-depth cooperation.
