Wholesale - AAA Lendings Equity Solutions – AAA Lendings lender and investor

Product Detail

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. Real Estate Broker , Mortgage Loan Originator , Mortgage Broker Zillow , 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 Equity Solutions – AAA Lendings Detail:

EQ Closed End Second

Overview

Easy Qualified Closed End Second.

Loan Term: Fixed; 15 Yrs Balloon.

Details

1) Standalone’s and Piggyback’s Second Loan are Both Available;
2) Primary and Investment Property are Available;

3) No Prepaid Penalty;
4) No Reserves Needed;

5) Range of Loan Amount: $75,000 – $350,000;
6) Max. CLTV: 85%.

* Loan amount are rounded down to the nearest $100

Income Documentation

Option1: Bank Statements – 12 Mths Personal & Business Bank Stmts

★Personal & Business-Combined or Business (12mo.):
§ At least one of the borrowers must be self-employed for at least 2 years (25% or greater ownership);
§ Asset Depletion allowed with Bank Statement documentation;
§ Standard expense factors apply: 50% expense factor:
①If business operates < standard expense factor, P&L or expense letter from CPA, CTEC (California Tax Education Council), or EA (Enrolled Agent) required;

②Minimum expense factor with 3rd party prepared P&L or letter is 20%.
★Personal & Business Separated (12mo.):
①At least one of the borrowers must be self-employed for at least 2 years (25% or greater ownership);
②Asset Depletion allowed with Bank statement documentation;
③Personal used to qualify, 3 months business to show business cash flows in order to utilize 100% of business related deposits in personal account (no expense factor).

Option2: Full Doc – 1 Yr & 2Yrs

General Guideline

★30/15yr Balloon &40/15yr Balloon min loan amount $200k.
★Maximum Combined Liens – $1.5 M.
★Most recent 2 months bank statements required.
★Property Type – SFR, PUD, Condo-Warrantable.
★Properties listed for sale in the last 12 months are not eligible.
★Borrowers – Eligible for US Citizen, Non-Permanent Resident Alien (with US Credit), Permanent Resident Alien. Ineligible for Non-occupant co-borrowers & entities.
★3 tradelines reporting for 12+ months or 2 tradelines reporting for 24+ months all with activity in the last 12 months.
★Credit Event Seasoning – 48 months – Foreclosure, short-sale, deed in lieu, bankruptcy. No multiple events in last 7 years.
★Derogatory Credit – No open charge-offs or collections in 48 months. No delinquent tradelines at closing.
★Housing Lates – 0x30x12 On all mortgages for all borrowers. Minimum 12 months housing history required.
★Appraisal Requirements:
①Previous appraisal within 12 months + Residential Appraisal Review. Review value must be equal to or greater than appraisal;
②New 2055 appraisal and Residential Appraisal Review supporting value within 10% variance. Lower of two values to be used;
③Declining markets maximum 75% CLTV on Owner Occupied/2nd Home. Maximum 70% CLTV on Non Owner Occupied.

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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 Equity Solutions – AAA Lendings , The product will supply to all over the world, such as: Bangalore , Angola , Provence , We are looking forward to establishing a mutually beneficial relationship with you based on our high-quality products, reasonable prices and best service. We hope that our products will bring you a pleasant experience and carry a feeling of beauty.

-AAA Lendings

The company can think what our think, the urgency of urgency to act in the interests of our position, can be said this is a responsible company, we had a happy cooperation!