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Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. Mortgage Broker Vs Credit Union , Mortgage Lender Greensboro Nc , Deferred Balance , At AAA LENDINGS, we believe that homeownership should be an enjoyable and fulfilling experience. To engage and excite you on this journey, we provide exclusive access to our homeowner's community. Connect with others on the same path, share experiences, and discover valuable insights to make your homeownership journey an engaging and interactive one. Your home is not just a property; it's a community and a lifestyle, and we're here to make that journey more captivating.
– AAA Lendings Enhanced R Series – Elite P&L(Self Prepared Profit & Loss Only) – AAA Lendings Detail:

E PL 2

Overview

Similar with P&L. 7/6 ARM (5/1/5).

CA,CO,GA,IL.VA,WA are available.

Details

1) No CPA signature needed;
2) Foreign national allowed;
3) Loan amount up to $2.0M;
4) No tax returns needed;
5) Gift funds allowed;
6) Down payment as lower as 30%;
7) Min. FICO 680.

What’s this program? Who can apply for this program?

• Are you a self-employed borrower?
• Did the lender require your business bank statements to get loan qualified? Or did your mortgage lenders require you to sign the tax returns and need transcripts?
• Have you ever been suspended or denied by the agency lenders? Did the lenders ever say “Per our guideline”
• Do you know how you can qualify a house loan without any income documents? Even though tax returns/business bank statements, etc.

We AAA Lendings now offer an appropriate Non-QM loan program used in the above situations, which is named P&L (Profit & Loss). This program is designed for borrowers who are self-employed and would benefit from alternative loan qualification methods. That’s the best benefit for self-employers. A CPA/CTEC/EA completed and signed P&L may be used as an alternative to tax returns to document a self-employed borrower’s income. Sometime, we even accept borrower prepared P&L, which is also a good benefit for some borrowers.

Why does this program designed?

For self-employed borrowers, 12/ 24 months bank statement program is a better choice, since this program doesn’t need tax returns and business bank statements neither. However, when some applicants owns a business, which has complicated financial situation with multiple bank statements, the P&L program may be the best choice for you. Since 12/ 24 months bank statement program has limitation about the demand of bank statements; maybe max. Three bank statement accounts for one business, that may be the restriction which leads to P&L program.

What do you need to prepare for fast approve?

When you submit the loan to the lenders, they may need a YTD(Year-to-Date) P&L (or plus a prior year P&L sometimes), business license, CPA letter, etc. So either way is OK for what provide at initial submission or when loan approval.
Besides, you need to check with our submission team to calculate income first


Product detail pictures:

– AAA Lendings Enhanced R Series – Elite P&L(Self Prepared Profit & Loss Only) – AAA Lendings detail pictures


Related Product Guide:

AAA LENDINGS takes pride in our community involvement and social responsibility. We believe that being a responsible lender means giving back to the communities we serve. Our team actively participates in charitable initiatives, supporting local causes, and promoting financial literacy. We're not just in the business of providing loans; we're invested in making a positive impact on the lives of our clients and the communities they call home. – AAA Lendings Enhanced R Series – Elite P&L(Self Prepared Profit & Loss Only) – AAA Lendings , The product will supply to all over the world, such as: Honduras , India , Denver , Our technical expertise, customer-friendly service, and specialized products make us/company name the first choice of customers and vendors. We are looking for your inquiry. Let's set up the cooperation right now!
  • This is the first business after our company establish, products and services are very satisfying, we have a good start, we hope to cooperate continuous in the future!
    5 Stars By Nicole from Japan - 2017.05.21 12:31
    We have been looking for a professional and responsible supplier, and now we find it.
    5 Stars By Danny from Swedish - 2018.09.16 11:31