– AAA Lendings Enhanced R Series – Elite P&L(Self Prepared Profit & Loss Only) – AAA Lendings Detail:
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:
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: Costa rica , Indonesia , Bahamas , we have complete material production line, assembling line , quality control system, and the most importantly, we have many patents technology and experienced technical&production team, professional sales service team. With all those advantages, we are going to createthe reputable international brand of nylon monofilaments, and spreading our products to every corner of the world. We are keep moving and try our best to serve our customers.
By Doris
from
America
-
2018.07.12 12:19
A good manufacturers, we have cooperated twice, good quality and good service attitude.
By Alan
from
Oman
-
2018.08.12 12:27
