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

Product Detail

Innovation is part of our DNA. We continuously seek ways to enhance the mortgage experience for our clients. Our state-of-the-art online application process, secure document management, and digital communication options offer a seamless, paperless mortgage journey. With AAA LENDINGS, you can expect a modern, efficient, and secure mortgage lending experience that keeps up with the fast-paced world of technology. Your convenience and security are paramount to us. Conventional Loan Dti , Closing Costs , Military Income , At AAA LENDINGS, we're your partner for the long term. Our post-closing services are designed to keep you engaged even after your mortgage is secured. We offer ongoing resources, such as home maintenance tips, investment guidance, and periodic mortgage check-ins to ensure your financial goals are on track. Our relationship with you doesn't end at closing; it's an enduring commitment to your financial well-being.

– 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

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Your time is precious, and we respect that. At AAA LENDINGS, we're committed to streamlining the mortgage process to save you time and effort. Our online application is user-friendly and designed with your convenience in mind. You can complete the application at your own pace, from the comfort of your home or office. We know you have a busy life, and we aim to make the mortgage process engaging, efficient, and time-saving. – AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings , The product will supply to all over the world, such as: Afghanistan , United Arab Emirates , New Delhi , Our company now has many department, and there have more than 20 employees in our company. We set up sales shop, show room, and product warehouse. In the meantime, we registered our own brand. We have tightened inspection for quality of product.

-AAA Lendings

The customer service staff's attitude is very sincere and the reply is timely and very detailed, this is very helpful for our deal,thank you.

By Hedda from UK - 2018.02.04 14:13

As an international trading company, we have numerous partners, but about your company, I just want to say, you are really good, wide range, good quality, reasonable prices, warm and thoughtful service, advanced technology and equipment and workers have professional training, feedback and product update is timely, in short, this is a very pleasant cooperation, and we look forward to the next cooperation!

By Michelle from azerbaijan - 2018.04.25 16:46