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

Product Detail

Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. Real Estate Loan , Top Mortgage Companies To Work For , Top Mortgage Lenders List , We value your time, and we understand that your schedule may not always align with traditional business hours. That's why our customer support is available beyond the 9-to-5 window. Whether you have questions in the evening or during the weekend, we're here to provide assistance. Our extended support hours aim to engage customers by demonstrating our commitment to being there when you need us the most. Your convenience is our priority, and we're here to make your mortgage journey as engaging and hassle-free as possible.

– 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.

* Min. Loan Amount: Max Fannie Mae General Loan Limit + $1

10/6 ARM

1) Min. FICO 720;
2) Min. 12 months reserves on PITIA;
3) Max. LTV 80%;
4) Max. Loan Amount $3.0M;
5) Max. Cash Out $350,000;
6) 1-4 Units: Primary;
7) 1 Unit: 2nd home & Investment property;
8) Purchase & R/T Refi & C/O Refi.

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.

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: Montpellier , Lisbon , Ottawa , As a way to make use of the resource on the expanding information and facts in international trade, we welcome prospects from everywhere on the web and offline. In spite in the top quality products we offer, effective and satisfying consultation service is supplied by our specialist after-sale service group. Solution lists and detailed parameters and any other info weil be sent to you timely for the inquiries. So please get in touch with us by sending us emails or contact us if you have any concerns about our firm. ou can also get our address info from our web site and come to our enterprise. or a field survey of our solutions. We're confident that we are going to share mutual results and build solid co-operation relations with our companions in this market. We're looking forward to your inquiries.

-AAA Lendings

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