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Navigating the mortgage landscape can be complicated, but AAA LENDINGS simplifies the process, making it engaging and stress-free. We offer a clear and concise document collection system, allowing you to easily upload the required paperwork online. We are keenly aware that your time is valuable, and by making the process smoother, we keep you actively engaged and in control of your mortgage journey. Best Mortgage Lender , Credit Score , What Is Ssa-89 , We understand that selecting a mortgage lender is a critical decision. To help you connect with AAA LENDINGS, we offer a hassle-free, no-obligation consultation with our expert loan officers. This personal touch allows you to get a feel for our approach and ask any questions you may have. We're eager to engage with you, understand your goals, and provide valuable insights, all in a relaxed and informative consultation.
– 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:

– AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings detail pictures


Related Product Guide:

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: Bolivia , Japan , South Korea , Our company promises: reasonable prices, short production time and satisfactory after-sales service, we also welcome you to visit our factory at any time you want. Wish we have a pleasant and long terms business together!!!
  • This manufacturers not only respected our choice and requirements, but also gave us a lot of good suggestions, ultimately, we successfully completed the procurement tasks.
    5 Stars By Caroline from South Africa - 2018.12.30 10:21
    We have been appreciated the Chinese manufacturing, this time also did not let us disappoint,good job!
    5 Stars By Philipppa from United Arab Emirates - 2017.04.08 14:55