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While many lenders have limited their scope, we continue to expand our presence across various states, serving borrowers in 45 states, including some of the most dynamic markets like California and Texas. Our expansive reach allows us to understand and adapt to regional nuances, ensuring that our clients in different states receive localized support while still benefiting from our nationwide expertise. Loan Estimate , Conventional Loan Vs Fha , Conventional Loan Mortgage Rates , At AAA LENDINGS, we understand that choosing a mortgage lender is a pivotal decision. That's why we go the extra mile to make your experience as inviting as possible. We offer a user-friendly website with easy navigation, ensuring that you can access essential information effortlessly. You'll also find helpful tools and resources like mortgage calculators and informative blog posts, designed to empower you with knowledge and make your mortgage journey engaging and educational.
– AAA Lendings Non-QM Easily Qualified Asset only option – ATR-In-Full – AAA Lendings Detail:

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Overview

Popular asset program. Borrower has certain amount of money, which can cover the purchase price or loan amount and closing cost. No employment info; No DTI.

Details

1) Up to 75% LTV;
2) Up to $4M loan amount;
3) Primary residence only;
4) No limits on number of properties financed;
5) At least 6-month reserves from borrower’s own funds.

What’s this program?

The ATR-In-Full program is also a asset program, which is qualified with asset only. A good choice of Non-QM loans.
AAA Lendings will not calculate a DTI for applicants who qualify by proving Assets only (“ATR-In-Full”). Mechanically, any income or employment listed on an application will be deemed superfluous to the underwrite and, as the alternate, may be left blank. Should the employment and income be represented on an application, a DTI should not be calculated

How do you know if you can qualified asset for this program?

Below are the methods of calculation:
For purchase loan,the total allowable assets must match the purchase price plus any and all closing costs.
Assets >= Purchase price + all closing cost
For refinance loan,the total allowable assets must match the full loan amount plus closing costs.
Assets >= Loan amount + closing cost

See below scenarios qualification, you can refer to the calculation methods to see if you can qualify first before applying loans with lenders:

Scenario 1:  Purchase price plus closing costs = $768,500.  Available assets = $700,000 (savings) plus $45,000 (50% of IRA) = $748,000.  Short by $20,500.  If the borrower is 59.5 or older, qualifying assets would be $700,000 + $54,000 (60% of IRA) = $754,000 and short by $14,500.
 
Scenario 2:  Loan amount plus closing costs = $518,500.  Available assets = $370,000 (savings) + $100,000 (50% of IRA) = $470,000.  Short by $48,500.  If 59.5 or older, qualifying assets = $370,000 + $120,000 (60% of IRA) = $490,000 and short by $28,500.

What’s the eligible asset for this program?

Cash, stocks, bonds and personal liquid assets ( no property ) = 100%
Retirement accounts  = 50% if 59 or younger and 60% if older
No business funds

What’s the benefits?

Min. 6 month Reserves


Product detail pictures:

– AAA Lendings Non-QM Easily Qualified Asset only option – ATR-In-Full – AAA Lendings detail pictures


Related Product Guide:

AAA LENDINGS is not just a lender; we are your financial partner. We take the time to listen to your financial goals and aspirations, offering guidance beyond the application process. Our commitment to your financial well-being extends far beyond closing the deal, and we are dedicated to helping you achieve your long-term objectives, whether that's homeownership, real estate investment, or debt consolidation. – AAA Lendings Non-QM Easily Qualified Asset only option – ATR-In-Full – AAA Lendings , The product will supply to all over the world, such as: Naples , Detroit , Eindhoven , With the first-class solutions, excellent service, fast delivery and the best price, we've won highly praise foreign customers'. Our products have been exported to Africa, the Middle East, Southeast Asia and other regions.
  • This enterprise in the industry is strong and competitive, advancing with the times and develop sustainable, we are very pleased to have a opportunity to cooperate!
    5 Stars By Honey from Tajikistan - 2018.05.13 17:00
    Perfect services, quality products and competitive prices, we have work many times, every time is delighted, wish continue to maintain!
    5 Stars By Delia from Qatar - 2018.03.03 13:09