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

Product Detail

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. What Is Non-Qm Loan , Foreign National Mortgage , Maryland Mortgage Broker Or Lender , One of our flagship offerings is our 'Non-QM' loan products, and we take great pride in leading the way in this lending category. We are highly specialized in this domain, with extensive experience and an early entry into the market, making us adept at understanding and addressing your financial needs. Navigating the path to your financial goals becomes an easier, more achievable journey with AAA LENDINGS by your side. Experience the power of customized lending with us today, and let us help you achieve your financial aspirations.

– 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.(a)Application on or before 6/30/2022: YTD + 2021 one full year P&L Stmt completed by CPA.
(b)Application on or after 7/1: YTD 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

Product detail pictures:

Related Product Guide:

Our commitment to transparency goes beyond the initial stages of the mortgage process. We ensure that you have a clear understanding of your mortgage terms, including interest rates, fees, and closing costs. There are no surprises on the closing day. We're dedicated to providing you with straightforward, jargon-free explanations, so you can confidently navigate the financial aspects of your home purchase or refinance. – AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings , The product will supply to all over the world, such as: Iran , Houston , Albania , We are very responsible for all details on our customers order no matter on warranty quality, satisfied prices, quick delivery, on time communication, satisfied packing, easy payment terms, best shipment terms, after sales service etc. We provide one-stop service and best reliability to our every customers. We work hard with our customers, colleagues, workers to make a better future.

-AAA Lendings