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

Product Detail

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– AAA Lendings Jumbo Loan – AAA Lendings Detail:

JL0815

Overview

Loan amount exceeds the limits for a conventional conforming loan.

Program Highlights

30/15 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 720.

Move High Balance to Jumbo 10/6 ARM

Loan Amount More Than $726,200

* Loan Amount at Least $1 Over the Agency Conforming Loans Size are Allowed.

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 2023, the FHFA improves the loan limits for all kinds of loan types, especially Jumbo Loans. Please refer to below 2023 loan limits in California.

2023 Loan Limits in California Counties

COUNTY	1-Unit Limit	2-Unit Limit	3-Unit Limit	4-Unit Limit
ALAMEDA	$1,089,300	$1,394,775	$1,685,850	$2,095,200
ALPINE	$726,200	$929,850	$1,123,900	$1,396,800
AMADOR	$726,200	$929,850	$1,123,900	$1,396,800
BUTTE	$726,200	$929,850	$1,123,900	$1,396,800
CALAVERAS	$726,200	$929,850	$1,123,900	$1,396,800
COLUSA	$726,200	$929,850	$1,123,900	$1,396,800
CONTRA COSTA	$1,089,300	$1,394,775	$1,685,850	$2,095,200
DEL NORTE	$726,200	$929,850	$1,123,900	$1,396,800
EL DORADO	$763,600	$977,550	$1,181,650	$1,468,500
FRESNO	$726,200	$929,850	$1,123,900	$1,396,800
GLENN	$726,200	$929,850	$1,123,900	$1,396,800
HUMBOLDT	$726,200	$929,850	$1,123,900	$1,396,800
IMPERIAL	$726,200	$929,850	$1,123,900	$1,396,800
INYO	$726,200	$929,850	$1,123,900	$1,396,800
KERN	$726,200	$929,850	$1,123,900	$1,396,800
KINGS	$726,200	$929,850	$1,123,900	$1,396,800
LAKE	$726,200	$929,850	$1,123,900	$1,396,800
LASSEN	$726,200	$929,850	$1,123,900	$1,396,800
LOS ANGELES	$1,089,300	$1,394,775	$1,685,850	$2,095,200
MADERA	$726,200	$929,850	$1,123,900	$1,396,800
MARIN	$1,089,300	$1,394,775	$1,685,850	$2,095,200
MARIPOSA	$726,200	$929,850	$1,123,900	$1,396,800
MENDOCINO	$726,200	$929,850	$1,123,900	$1,396,800
MERCED	$726,200	$929,850	$1,123,900	$1,396,800
MODOC	$726,200	$929,850	$1,123,900	$1,396,800
MONO	$726,200	$929,850	$1,123,900	$1,396,800
MONTEREY	$915,400	$1,171,900	$1,416,550	$1,760,400
NAPA	$1,017,750	$1,302,900	$1,574,900	$1,957,250
NEVADA	$726,200	$929,850	$1,123,900	$1,396,800
ORANGE	$1,089,300	$1,394,775	$1,685,850	$2,095,200
PLACER	$763,600	$977,550	$1,181,650	$1,468,500
PLUMAS	$726,200	$929,850	$1,123,900	$1,396,800
RIVERSIDE	$726,200	$929,850	$1,123,900	$1,396,800
SACRAMENTO	$763,600	$977,550	$1,468,500	$1,468,500
SAN BENITO	$1,089,300	$1,394,775	$1,685,850	$2,095,200
SAN BERNARDINO	$726,200	$929,850	$1,123,900	$1,396,800
SAN DIEGO	$977,500	$1,251,400	$1,512,650	$1,879,850
SAN FRANCISCO	$1,089,300	$1,394,775	$1,685,850	$1,867,275
SAN JOAQUIN	$726,200	$929,850	$1,123,900	$1,396,800
SAN LUIS OBISPO	$911,950	$1,167,450	$1,411,200	$1,753,800
SAN MATEO	$1,089,300	$1,394,775	$1,685,850	$2,095,200
SANTA BARBARA	$805,000	$1,030,550	$1,245,700	$1,548,100
SANTA CLARA	$1,089,300	$1,394,775	$1,685,850	$2,095,200
SANTA CRUZ	$1,089,300	$1,394,775	$1,685,850	$2,095,200
SHASTA	$726,200	$929,850	$1,123,900	$1,396,800
SIERRA	$726,200	$929,850	$1,123,900	$1,396,800

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The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. – AAA Lendings Jumbo Loan – AAA Lendings , The product will supply to all over the world, such as: Jakarta , Latvia , Finland , We provide OEM services and replacement parts to meet the varying needs of our customers. We give competitive price for quality solutions and we are going to make certain your shipment is handled quickly by our logistics department. We sincerely hope to have the opportunity to meet with you and see how we can help you further your own business.

-AAA Lendings

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