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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. Bankruptcy And Mortgage , State Licensed , Top Mortgage Lenders 2021 , At AAA LENDINGS, we understand that choosing a mortgage lender is a pivotal decision. That's why we go the extra mile to make your experience as inviting as possible. We offer a user-friendly website with easy navigation, ensuring that you can access essential information effortlessly. You'll also find helpful tools and resources like mortgage calculators and informative blog posts, designed to empower you with knowledge and make your mortgage journey engaging and educational.
– 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:

– AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings detail pictures


Related Product Guide:

For many of our clients, a mortgage is more than just a financial transaction; it's a significant life milestone. Whether you're a first-time homebuyer or a seasoned real estate investor, we approach each application with the care and attention it deserves. We take the time to understand your goals and aspirations, ensuring that your mortgage aligns with your vision for your future. – AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings , The product will supply to all over the world, such as: Rome , Morocco , Armenia , We now have been making our goods for more than 20 years . Mainly do wholesale , so we've the most competitive price , but highest quality. For the past years , we got very good feedbacks , not only because we offer good solutions , but also because of our good after-sale service . We are here waiting for yourself for your inquiry.
  • This supplier stick to the principle of Quality first, Honesty as base, it is absolutely to be trust.
    5 Stars By Honorio from Netherlands - 2017.05.02 18:28
    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 Myra from Latvia - 2018.09.12 17:18