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At AAA LENDINGS, we believe in giving back to our valued customers. That's why we offer a loyalty program that rewards you for your trust and ongoing partnership with us. Our loyalty program is designed to keep you engaged and appreciated, offering exclusive benefits and discounts for our returning customers. Your commitment to AAA LENDINGS is recognized and rewarded, and we strive to make your continued interest in our services a rewarding experience. Pennsylvania Mortgage Broker Or Lender , Zillow Top Mortgage Lenders , New Jersey Mortgage Broker Or Lender , The world of mortgages is constantly evolving, and we are on the cutting edge of innovation. At AAA LENDINGS, we offer state-of-the-art digital tools and mobile-friendly platforms that allow you to start your mortgage application or receive updates on the go. Our user-friendly technology streamlines the process, putting the power of mortgage management in the palm of your hand. We know your time is valuable, and our tech-savvy solutions save you time and hassle.
– 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: Netherlands , Indonesia , Danish , Hard work to keep making progress, innovation in the industry, make every effort to first-class enterprise. We try our best to build the scientific management model, to learn abundant professional knowledge, to develop advanced production equipment and production process , to create the first-call quality products, reasonable price , high quality of service , quick delivery , to give you create new value .
  • The company has rich resources, advanced machinery, experienced workers and excellent services, hope you keep improving and perfecting your products and service, wish you better!
    5 Stars By Heather from United Arab Emirates - 2017.08.21 14:13
    This enterprise in the industry is strong and competitive, advancing with the times and develop sustainable, we are very pleased to have a opportunity to cooperate!
    5 Stars By Jean from Oman - 2018.12.30 10:21