– AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings Detail:
Overview
Similar with WVOE. 7/6 ARM (5/1/5).
CA,CO,GA,IL.VA,WA are available.
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 program?
Did you have ever meet this kind of case?
Did the Lender condition updated paystubs again and again?
Did the lender calculate your income and tell you not qualify with the house mortgage?
Are you hard to find your copies of W2s or paystubs?
We 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 most the most attractive key point of this program. No 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 can not do agency loans.
How to calculate?
- 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:
AAA LENDINGS takes pride in our community involvement and social responsibility. We believe that being a responsible lender means giving back to the communities we serve. Our team actively participates in charitable initiatives, supporting local causes, and promoting financial literacy. We're not just in the business of providing loans; we're invested in making a positive impact on the lives of our clients and the communities they call home. – AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings , The product will supply to all over the world, such as: Colombia , Moscow , Colombia , Based on products and solutions with high quality, competitive price, and our full range service, we have accumulated experienced strength and experience, and we've built up a very good reputation in the field. Along with the continuous development, we commit ourselves not only to the Chinese domestic business but also the international market. May you moved by our high quality items and passionate service. Let's open a new chapter of mutual benefit and double win.
By Olga
from
Slovenia
-
2018.09.08 17:09
The accounts manager made a detailed introduction about the product, so that we have a comprehensive understanding of the product, and ultimately we decided to cooperate.
By Caroline
from
Lahore
-
2018.06.18 19:26
