– AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings Detail:
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).
Program Highlights
1) Up to $3M Loan Amount;
2) Up to 80% LTV;
3) Self-Employed and 1099 Borrowers;
4) 660 or higher Credit Score;
5) No reserves required for LTV at 75% or less;
6) No 4506T / No K1 / No P&L required;
7) No MI (Mortgage Insurance).
Why do we choose Bank Statements?
Even though most home owners can easily qualify with full documentations for a conventional mortgage, many still don’t fit the Fannie and Freddie guidelines when it comes to the lending requirements. Luckily, Non-QM loans and bank statement income documentation are great solutions for these non-traditional borrowers.
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 help the borrowers significantly reduce their tax liabilities, and sometimes it shows an overall loss or negative income for the year. Bank Statement Non-QM Loan will be able to help these borrowers to qualify for a mortgage without showing their tax returns and use their bank statements to show the true cashflow of their business.
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 (with 25% or greater ownership) to qualify for this program. This is a standard requirement to determine if the borrower is a self-employed borrower. 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%. Though this is also our standard requirement, but if your CPA can provide a letter with appropriate reasons, we may take considerations for a flexible expense factor due to the nature of the business has minimum expenses.
Please contact our team for a free analysis of the income before submitting the loan for you to better assist your clients.
Product detail pictures:

Related Product Guide:
In the world of mortgage lending, accessibility is key. Our digital mortgage platform is designed with your convenience in mind. You can apply for a mortgage, upload documents, and track your loan progress online, all from the comfort of your home. We've created an engaging digital experience that puts you in control, ensuring that you can manage your mortgage application at your own pace, 24/7. – 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: Montreal , Panama , Seattle , We care about every steps of our services, from factory selection, product development & design, price negotiation, inspection, shipping to aftermarket. Now we have implemented a strict and complete quality control system, which ensures that each product can meet quality requirements of customers. Besides, all of our solutions have been strictly inspected before shipment. Your Success, Our Glory: Our aim is to help customers realize their goals. We're making great efforts to achieve this win-win situation and sincerely welcome you to join us.

The company keeps to the operation concept scientific management, high quality and efficiency primacy, customer supreme, we have always maintained business cooperation. Work with you,we feel easy!
