Wholesale - AAA Lendings Jumbo Loan – AAA Lendings lender and investor

Product Detail

Our commitment to transparency goes beyond the initial stages of the mortgage process. We ensure that you have a clear understanding of your mortgage terms, including interest rates, fees, and closing costs. There are no surprises on the closing day. We're dedicated to providing you with straightforward, jargon-free explanations, so you can confidently navigate the financial aspects of your home purchase or refinance. Top Mortgage Lenders By Volume 2021 , Top Michigan Mortgage Lenders , Estimate Market Rent , We understand that creditworthiness can be a concern for many borrowers. That's why we offer credit counseling services to help you improve your credit score and secure better loan terms. By providing valuable insights and tailored guidance, we aim to engage potential borrowers who might initially be unsure about their eligibility. We're here to empower you to take control of your financial future.

– AAA Lendings Jumbo Loan – AAA Lendings Detail:

JL0815

Overview

Loan amount exceeds the limits for a conventional conforming loan.

Program Highlights

30 Years fixed

1) Rental income can be used with 2 years landlord experiences history;
2) No Mortgage Insurance needed;
3) Max. DTI 45%;
4) Max. LTV 85% for purchase & R/T; Max. LTV 75% for C/O;
5) Max number of financed properties: ① Primary – No Limit, ② 2nd & Investment Property – Max. 20;
6) Max. Loan Amount $3.0M;
7) Max. cash-out amount $500,000;
8) Min. 12 months reserves on PITIA;
9) Min. FICO 680.

7/6 ARM

1) Min. FICO 700;
2) Min. 6 months reserves on PITIA;
3) Max. LTV 89.99%;
4) Max. Loan Amount $2.5M;
5) Max. Cash Out $750,000;
6) 1 Unit & 2 Units;
7) Primary & 2nd Home property;
8) Purchase & R/T Refi & C/O Refi.

* Min. Loan Amount: Max Fannie Mae General Loan Limit + $1
* At least one year rental management history for positive rental income.

What is Jumbo Loan?

A jumbo loan is a type of financing that exceeds the limits set by the Federal Housing Finance Agency and cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Homeowners must undergo more rigorous credit requirements than those applying for a conventional loan. Jumbo loans allow you to buy expensive properties. A jumbo loan is not backed by Fannie Mae or Freddie Mac.

In 2022, the FHFA improves the loan limits for all kinds of loan types, especially Jumbo Loans. Please refer to below 2022 loan limits in California, if your loan amount exceeds $970,800, you’re suitable for Jumbo loan.

2022 Loan Limits in California Counties

COUNTY	1-FAMILY	2-FAMILY	3-FAMILY	4-FAMILY
ALAMEDA	$970,800	$1,243,050	$1,502,475	$1,867,275
ALPINE	$647,200	$828,700	$1,001,650	$1,244,850
AMADOR	$647,200	$828,700	$1,001,650	$1,244,850
BUTTE	$647,200	$828,700	$1,001,650	$1,244,850
CALAVERAS	$647,200	$828,700	$1,001,650	$1,244,850
COLUSA	$647,200	$828,700	$1,001,650	$1,244,850
CONTRA COSTA	$970,800	$1,243,050	$1,502,475	$1,867,275
DEL NORTE	$647,200	$828,700	$1,001,650	$1,244,850
EL DORADO	$675,050	$864,200	$1,044,600	$1,298,200
FRESNO	$647,200	$828,700	$1,001,650	$1,244,850
GLENN	$647,200	$828,700	$1,001,650	$1,244,850
HUMBOLDT	$647,200	$828,700	$1,001,650	$1,244,850
IMPERIAL	$647,200	$828,700	$1,001,650	$1,244,850
INYO	$647,200	$828,700	$1,001,650	$1,244,850
KERN	$647,200	$828,700	$1,001,650	$1,244,850
KINGS	$647,200	$828,700	$1,001,650	$1,244,850
LAKE	$647,200	$828,700	$1,001,650	$1,244,850
LASSEN	$647,200	$828,700	$1,001,650	$1,244,850
LOS ANGELES	$970,800	$1,243,050	$1,502,475	$1,867,275
MADERA	$647,200	$828,700	$1,001,650	$1,244,850
MARIN	$970,800	$1,243,050	$1,502,475	$1,867,275
MARIPOSA	$647,200	$828,700	$1,001,650	$1,244,850
MENDOCINO	$647,200	$828,700	$1,001,650	$1,244,850
MERCED	$647,200	$828,700	$1,001,650	$1,244,850
MODOC	$647,200	$828,700	$1,001,650	$1,244,850
MONO	$647,200	$828,700	$1,001,650	$1,244,850
MONTEREY	$854,450	$1,093,850	$1,322,200	$1,643,200
NAPA	$897,000	$1,148,350	$1,388,050	$1,725,050
NEVADA	$647,200	$828,700	$1,001,650	$1,244,850
ORANGE	$970,800	$1,243,050	$1,502,475	$1,867,275
PLACER	$675,050	$864,200	$1,044,600	$1,298,200
PLUMAS	$647,200	$828,700	$1,001,650	$1,244,850
RIVERSIDE	$647,200	$828,700	$1,001,650	$1,244,850
SACRAMENTO	$675,050	$864,200	$1,044,600	$1,298,200
SAN BENITO	$970,800	$1,243,050	$1,502,475	$1,867,275
SAN BERNARDINO	$647,200	$828,700	$1,001,650	$1,244,850
SAN DIEGO	$879,750	$1,126,250	$1,361,350	$1,691,850
SAN FRANCISCO	$970,800	$1,243,050	$1,502,475	$1,867,275
SAN JOAQUIN	$647,200	$828,700	$1,001,650	$1,244,850
SAN LUIS OBISPO	$805,000	$1,030,550	$1,245,700	$1,548,100
SAN MATEO	$970,800	$1,243,050	$1,502,475	$1,867,275
SANTA BARBARA	$783,150	$1,002,600	$1,211,900	$1,506,100
SANTA CLARA	$970,800	$1,243,050	$1,502,475	$1,867,275
SANTA CRUZ	$970,800	$1,243,050	$1,502,475	$1,867,275
SHASTA	$647,200	$828,700	$1,001,650	$1,244,850
SIERRA	$647,200	$828,700	$1,001,650	$1,244,850

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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 Jumbo Loan – AAA Lendings , The product will supply to all over the world, such as: Zurich , Grenada , Mombasa , Till now, the items list has been updated regularly and attracted clients from around the globe. Comprehensive facts is often obtained in our web-site and you'll be served with premium quality consultant service by our after-sale group. They are likely to help you get thorough acknowledge about our goods and make a satisfied negotiation. Company go to to our factory in Brazil is also welcome at any time. Hope to obtain your inquiries for any pleased co-operation.

-AAA Lendings

The sales manager has a good English level and skilled professional knowledge, we have a good communication. He is a warm and cheerful man, we have a pleasant cooperation and we became very good friends in private.

By Bruno Cabrera from Algeria - 2018.08.12 12:27

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 Rosemary from azerbaijan - 2018.09.21 11:44