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Transparency is at the core of our operations. We take pride in our open and honest communication with our clients. No hidden fees, no surprises. We provide clear, straightforward information about your mortgage options, ensuring you have all the facts to make informed decisions. Our goal is to build trust with our clients by being forthright and transparent, making your home financing experience as smooth as possible. Top Mortgage Brokers , Conventional Loan Limits , Top 10 Mortgage Refinance Companies , 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 Enhanced R series – Elite True Stated Income – AAA Lendings Detail:

E TSI 2

Overview

Similar with True Stated Income.

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

Program Highlights

7/6 ARM (5/1/5)

1) No P&L Needed;
2) No WVOE Needed;
3) No Tax Returns Needed;
4) No 4506-T Needed;
5) Gift funds allowed;
6) Loan amount up to $2.0M;
7) Purchase & R/T Refinance are available.

What is Elite True Stated Income?

• Do you know how to use enough assets only to qualify for you house mortgage loan?
• Were you suspended or denied by the lender for a WVOE (Written Verification of Employment) program?
• Do you have not enough assets when you want to buy your own house?
• Didn’t your employer want to provide a WVOE form or cooperate?

The program is similar with the {True Stated Income} program, it’s designed for salaried borrowers and self-employed borrowers.

How does Elite True Stated Income work?

Just like what the product name, this program is qualified with asset as well. See below:

· Stated Income means the borrower states their REASONABLE current income in the 1003

(Application).

· We verify that their monthly income can be SUPPORTED by the liquid assets pre-closing.

Calculation:

Assets / 6 must be greater than Stated Income

· Medical Doctor who has $300,000 in assets and 1003 income of $20,000 a month?
Yes, this scenario is eligible. $300,000 / 6 = $50,000 which is greater than $20,000 monthly income listed on the application. We use $20,000 for qualification.

· Wage Earning Masseuse who has $100,000 in assets and stated income of $15,000 a month?
No, this scenario is not elisible. Although $100.000 / 6 = $16,666 > $15,000 which is the monthly income stated. it is not reasonable for a wage earning masaeuse to make $15,000 a month.

· Self-employed Import/Export Entrepreneur with $500,000 in assets and stated income of $100,000 a month?
Yes, this scenario is eligible. $500,000 / 6 = $83,333 & borrower states $100,000 a month. However only $83,333 is used for qualification purposes.

If we choose the Elite True Stated Income, the borrower will only be required to provide an Asset Based Income on the Loan Application (1003). This income will be utilized to calculate qualifying debt to income ratio.

Who can apply for Elite True Stated Income?

As mentioned the above, whatever you are salary borrower or self-employed borrower, you can apply for Elite True Stated Income. For salary borrower, special documents are not needed when you apply a new house mortgage loan with a Non-QM lender. For self-employed borrowers or 1099 borrowers, a CPA letter is required.


Product detail pictures:

– AAA Lendings Enhanced R series – Elite True Stated Income – AAA Lendings detail pictures


Related Product Guide:

In the world of mortgage lending, accessibility is key. Our digital mortgage platform is designed with your convenience in mind. You can apply for a mortgage, upload documents, and track your loan progress online, all from the comfort of your home. We've created an engaging digital experience that puts you in control, ensuring that you can manage your mortgage application at your own pace, 24/7. – AAA Lendings Enhanced R series – Elite True Stated Income – AAA Lendings , The product will supply to all over the world, such as: Morocco , Ecuador , Marseille , Our Company has professional engineers and technical staff to answer your questions about maintenance problems, some common failure. Our product quality assurance, price concessions, any questions about the products, Please feel free to contact us.
  • The accounts manager made a detailed introduction about the product, so that we have a comprehensive understanding of the product, and ultimately we decided to cooperate.
    5 Stars By Louis from Australia - 2017.06.29 18:55
    Company director has very rich management experience and strict attitude, sales staff are warm and cheerful, technical staff are professional and responsible,so we have no worry about product,a nice manufacturer.
    5 Stars By Elsie from Lebanon - 2018.02.12 14:52