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Our commitment to excellence and dedication to our customers have propelled us to expand our operations across 45 states, including Arizona, California, Washington D.C., Florida, Nevada, and Texas, among others. However, our success isn't solely defined by numbers. The countless positive reviews and strong word-of-mouth reputation we've garnered serve as a testament to the trust and confidence the market has placed in us. Experienced Investor , Fico Score , Top 10 Mortgage Lenders , What sets us apart is our personalized approach to lending, as opposed to the one-size-fits-all methods employed by many others. We provide tailored solutions for the unique needs of each individual client, firmly believing in the possibility of every loan. With AAA LENDINGS, your financial goals become ours, and together, we make them happen.
– AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings Detail:

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Overview

Self-employed borrower with excellent credit whose income stated on their tax return won’t qualify them for the luxury home they can afford. Qualify with 100% on Personal Account Deposits and 50% on Business Account Deposits (12 consecutive months)

Details

1) Up to $4M loan amounts;
2) Up to 90% Max LTV;
3) Self-Employed and 1099 Borrowers;
4) 660 or greater credit scores;
5) No reserves required at 75% or less LTV;
6) No 4506T / No K1’s / No P&L’s;
7) No MI(Mortgage Insurance).

Why do we choose this program?

Even though most Americans can easily qualify with full documentations for a conventional house mortgage loan, many still don’t fit the Fannie and Freddie guides when it comes to lending requirements. Luckily, Non-QM loans and bank statement income documentation are a great solution for these untraditional borrowers.

Especially, self-employed wage-earners have the luxury to write off many business expenses under the IRS Tax Code. Writing off business expenses from their gross income benefits self-employed wage-earners in paying less in income taxes.

Many self-employed people with shrewd accountants often pay little to no taxes due to taking advantage of the tax codes. Many have negative income. Unfortunately, a lot of write-offs mean self-employed wage-earners have a difficult time qualifying for a mortgage. Traditional lenders will use adjusted gross income when calculating qualified income. Great news for self-employed home buyers with non-QM loans. We have Non-QM mortgages for self-employed borrowers with no income tax returns required. In this article, we will discuss and cover non-QM bank statement mortgages for self-employed borrowers.

Who is this program designed for?

This program is designed for borrowers who are self-employed and would benefit from alternative loan qualification methods. Bank statements may be used as an alternative to tax returns to document a self-employed borrower’s income. Besides, personal and/or business bank statements are all allowed.

At least one of the borrowers must be self-employed for at least 2 years (25% or greater ownership) to qualify for this program. This is standard requirement to determine if the borrower is self-employed borrower. Sometimes, the borrower may own ownership of a business, however, we only count as self- employed borrowers when it’s more than 25%. In agency loans, we always refer to K-1 or Schedule G; while for Non-QM loans, we always need a CPA letter to verify the actual ownership.

Usually, the lender would calculate the qualifying income by taking the average value of bank statement deposits in 12 or 24 months, then multiple a standard expense factor. That should be the borrower’s qualified income for this program.

As for the expense factor, many Non-QM investors may have a standard ratio like 50%. We have this requirement as well. However, if your CPA can provide a letter with appropriate reasons, we may take considerations for a flexible expense factor. Don’t exceed the minimum limits~

If you have any needs, contact us first, we can offer a free pre-analysis income calculation. That should be much useful for all of you especially the Mortgage Loan Officers, to service your clients better.


Product detail pictures:

– AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings detail pictures


Related Product Guide:

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. – AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings , The product will supply to all over the world, such as: Juventus , Naples , Zambia , We're your reliable partner in the international markets of our products and solutions. We focus on providing service for our clients as a key element in strengthening our long-term relationships. The continual availability of high grade solutions in combination with our excellent pre- and after-sales service ensures strong competitiveness in an increasingly globalized market. We're willing to cooperate with business friends from at home and abroad, to create a great future. Welcome to Visit our factory. Looking forward to have win-win cooperation with you.
  • Products and services are very good, our leader is very satisfied with this procurement, it is better than we expected,
    5 Stars By Althea from Namibia - 2017.11.20 15:58
    Adhering to the business principle of mutual benefits, we have a happy and successful transaction, we think we will be the best business partner.
    5 Stars By Murray from Casablanca - 2018.07.27 12:26