– AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings Detail:
Overview
Similar with WVOE. 7/6 ARM (5/1/5).
Available in CA, CO, GA, IL. VA, WA.
Details
1) Foreign national allowed;
2) No paystub / W-2 / tax return needed;
3) Gift funds allowed;
4) Loan amount up to $2.0M;
5) Down payment as lower as 30%;
6) Min. FICO 680.
What’s the Elite WVOE
Did the Lender condition updated paystubs again and again?
Did the lender calculate your income and tell you that you are not qualify with the house mortgage?
Are you hard to find your copies of W2s or paystubs?
AAA Lendings offer you a perfect Non-QM program — WVOE(Written Verification of Employment). If the salaried borrowers receive a consistent wage or salary from an employer in return for a service rendered and have no ownership or less than 25% ownership interest in the business.
Salaried borrowers receive a consistent wage or salary from an employer in return for a service rendered and have no ownership or less than 25% ownership interest in the business. Compensation may be based on an hourly, weekly, biweekly, monthly, or semi-monthly basis. If hourly, the number of scheduled hours must be addressed. The income that is verified must be converted into a monthly dollar amount for use on the formal application (FNMA Form 1003). At the discretion of the underwriter, supplementary documentation of income may be requested.
What’s the benefits?
For this program, the lender only need a WVOE form to calculate qualified income, no any other income documents needed. This should be the most attractive key point of this program. There is not any agency loans can do such program. Besides, different from other programs, this program doesn’t need applicants’ too much assets. In general, this is a good program for salaried borrowers who not any agency loans.
How to calculate the salary?
- Use the base salary (semi-monthly, bi-weekly, or hourly rate as supported by YTD) from WVOE.
Examples:
- Semi-monthly: Semi-monthly amount multiplied by 2 equals monthly income.
- Bi-weekly: Bi-weekly amount multiplied by 26 divided by 12 equals monthly income.
- Teacher paid for 9 months: Monthly amount multiplied by 9 months divided by 12 months equals monthly qualifying income.
Reminder the employer to complete the WVOE form, then lender will proceed with the loan fast.
Product detail pictures:
Related Product Guide:
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. – AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings , The product will supply to all over the world, such as: Florida , Romania , Danish , We strongly believe that technology and service is our base today and quality will create our reliable walls of future. Only we've got better and better quality , could we achieve our customers and ourselves, too. Welcome customers all over the word to contact us for getting further business and reliable relationships. We have been always here working for your demands whenever you require.
By Mary
from
United Kingdom
-
2017.08.16 13:39
The customer service staff's answer is very meticulous, the most important is that the product quality is very good, and packaged carefully, shipped quickly!
By Rosemary
from
Croatia
-
2017.03.28 16:34
