Wholesale - AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – 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. State Licensed , Mortgage Broker Texas , Delaying Financing , At AAA LENDINGS, our commitment to excellence extends to our team. We're proud to have a dedicated group of professionals who are experts in the mortgage industry. Our loan officers are not just experts; they are your allies. They are here to guide you through the entire lending process, from application to closing. We take pride in our team's expertise, ensuring you receive the highest level of service and support.

– AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – AAA Lendings Detail:

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Overview

Most simple product in the varieties of Non-QM programs.
No Income/ No Employment/ No Tax Returns, neither comparing DTI ratio like conventional loans. Only if the subject property is an investment property.

Details

1) Up to $2M loan amounts;
2) Up to 80% Max LTV;
3) 660 or greater credit scores;
4) Can close in entities;
5) No limits on number of properties financed;
6) SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos.

DSCR Program

DSCR (Debt Service Coverage Ratio) is designed for experienced real estate investors and qualifies borrowers based on cash-flows solely from the subject property to analyze the risk degree of an investment. Today, we focus on understanding the definition of DSCR and unveiling the mystery of DSCR program from the perspective of housing mortgage investment. Next, let’s walk into the DSCR program.

How to calculate DSCR?

For housing mortgage loans, DSCR refers to the ratio of monthly rental income of an investment house to total housing expenses(such as principal, interest, land tax, insurance and management fee (if some expenses are not actually incurred, it will be recorded as 0)). The lower the ratio, the greater the risk of the loan. It can be expressed in the following:

detail

We AAA Lendings now offers “No ratio DSCR” for our clients, which means the ratio can be down to “0″. In our convention loan products, we need to compare our income with the monthly PITIA(Principle/ Interest/ Tax/ Insurance/ HOA) and other liabilities of the mortgaged house to decide if the loan can qualify.

DSCR

What is DSCR?

Do you know how to qualify a house mortgage loan without any job information and income?
Are you not qualified with the conventional mortgage loans?
Do you know which loan program is the easiest product?
Do you want to know how to use the reduced documents to qualify a loan?
Is it very difficult for you to get a home loan in your industry?

We offer a perfect loan program to satisfy the above key factors, that’s DSCR program, which is the most popular Non-QM product in house mortgage loans.

What’s the benefits of DSCR program?

No ratio DSCR, a loan product that does not check the income, has no requirements for the income of guests, because this loan product does not involve the calculation of DTI. And the minimum DSCR ratio can be as low as 0. Even if the rent of the house is low, we can still do it! This is a good choice for guests with low income or more liabilities.

Besides, Foreign Nationals are acceptable for this program as well, especially with F1 visa. If you’re a foreigner, and can not qualify with a conventional mortgage loan, contact us and obtain your loan scenario.

Our guidelines are flexible and if your loan makes sense we will help you close it quickly. We have smooth communication and fast proceeds for Non-QM loans, contact us if you have any needs.

You make more money! Our average submission to close is less than 3 weeks and we close without hassles. Imagine how your referrals will increase.

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Transparency is at the core of our operations. We take pride in our open and honest communication with our clients. No hidden fees, no surprises. We provide clear, straightforward information about your mortgage options, ensuring you have all the facts to make informed decisions. Our goal is to build trust with our clients by being forthright and transparent, making your home financing experience as smooth as possible. – AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – AAA Lendings , The product will supply to all over the world, such as: venezuela , Hungary , Monaco , Although continuous opportunity, we have now developed serious a friendly relationship with many oversea merchants, such as ones through Virginia. We securely assume that the merchandise regarding t shirt printer machine is often good through a great number of having its good quality and also cost.

-AAA Lendings