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Planning your financial future begins with the right mortgage partner, and at AAA LENDINGS, we are committed to helping you achieve your dreams. We understand that the journey towards homeownership can be exciting but also daunting. Our seasoned professionals are more than just mortgage experts; they are your financial allies. They are available to discuss your goals, assess your financial situation, and provide personalized guidance that captures your interest. We take pride in being the guiding hand that empowers you to make informed decisions about your future. Top Mortgage Rates , Top 10 Mortgage Refinance Companies , Conventional Loan Mortgage Rates , A crucial aspect of attracting your interest is the speed at which you can access vital mortgage information. Our website features a knowledge center, regularly updated with articles on a wide range of mortgage-related topics. From understanding credit scores to demystifying closing costs, these resources are designed to engage and educate you at your own pace, making your journey more interesting and informed.
– AAA Lendings Enhanced R series – Elite True Stated Income – AAA Lendings Detail:

E TSI 2

Overview

Use Borrower’s 6 months deposits of monthly income to support the stated income in 1003.

* Foreign National or Cash Out is Not Available

Program Highlights

7/6 ARM (5/1/5); 5/6 ARM (2/1/5)

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 $2.5M;
7) Purchase & R/T Refinance are available.

What is Elite True Stated Income?

• Do you know how to use assets only to qualify for your house mortgage loan?
• Were you suspended or denied by the lender for a WVOE (Written Verification of Employment) program?
• Has it been difficult to obtain WVOE form from your employer?

The program is 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 eligible. Although $100,000 / 6 = $16,666 > $15,000 which is the monthly income stated. It is not reasonable for a wage earning masseuse 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?

Whether you are salaried borrowers who have difficulties with WVOE programs or self-employed borrowers who do not have enough income shown on the tax returns, this is the program for you. For salaried borrowers, no additional documents are required. For self-employed or 1099 borrowers, a CPA verification letter is required.


Product detail pictures:

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


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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 Enhanced R series – Elite True Stated Income – AAA Lendings , The product will supply to all over the world, such as: Belize , Chile , Ottawa , With many years good service and development, we've a professional international trade sales team. Our products have exported to North America, Europe, Japan, Korea, Australia, New Zealand, Russia and other countries. Looking forward to build up a good and long term cooperation with you in coming future!
  • Staff is skilled, well-equipped, process is specification, products meet the requirements and delivery is guaranteed, a best partner!
    5 Stars By Emily from Peru - 2017.03.28 16:34
    This company has the idea of better quality, lower processing costs, prices are more reasonable, so they have competitive product quality and price, that's the main reason we chose to cooperate.
    5 Stars By Agatha from Atlanta - 2018.12.30 10:21