Wholesale - AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings lender and investor

Product Detail

AAA LENDINGS is not just a lender; we are your financial partner. We take the time to listen to your financial goals and aspirations, offering guidance beyond the application process. Our commitment to your financial well-being extends far beyond closing the deal, and we are dedicated to helping you achieve your long-term objectives, whether that's homeownership, real estate investment, or debt consolidation. Mortgage Broker Miami , Estimate Market Rent , Conventional Loan Limits 2022 , AAA LENDINGS is committed to making your mortgage journey an experience that truly empowers you. We understand that the prospect of securing a mortgage can be both exciting and daunting. That's why we've crafted a borrower-centric approach that not only simplifies the process but also actively engages and educates you at every step. Our aim is to make your homeownership dreams a reality while keeping you informed and excited about the process.

– AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings Detail:

E WVOE 2

Overview

It’s a good choice for wage earner who can not be qualified with agency loan and do not want to provide varities of income documents.

Program Highlights

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

1) Foreign national allowed;
2) No paystub / W-2 / tax return needed;
3) Gift funds allowed;
4) Loan amount up to $2.5M;
5) Down payment as low as 30%;
6) Min. FICO 700.

What is Elite WVOE?

Did your lender request updated paystubs again and again due to underwriting conditions?
Did the lender calculate your income and tell you that you are not qualified with the mortgage?
Have you not been able to find your W2s or paystubs?

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.

The Benefits of Elite WVOE

The highlight of this program is its simplicity. The only document required to calculate qualified income under this program is the WVOE form. This provides a much more simplified and streamlined process for creditworthy borrowers with demonstrated ability to repay who may have just missed the guidelines with agency programs.

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.

Remind the employer to complete the WVOE form, then lender will proceed with the loan fast.

Product detail pictures:

Related Product Guide:

The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. – AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings , The product will supply to all over the world, such as: Comoros , India , San Francisco , When you are keen on any of our items following you view our product list, please feel free to make contact with us for inquiries. You'll be able to send us emails and get in touch with us for consultation and we shall respond to you as soon as we are able to. If it's convenient, you could find out our address in our web site and come to our enterprise. or additional information of our items by yourself. We're generally ready to build lengthy and steady co-operation relations with any possible shoppers within the associated fields.

-AAA Lendings