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Navigating the mortgage landscape can be complicated, but AAA LENDINGS simplifies the process, making it engaging and stress-free. We offer a clear and concise document collection system, allowing you to easily upload the required paperwork online. We are keenly aware that your time is valuable, and by making the process smoother, we keep you actively engaged and in control of your mortgage journey. Real Estate Loan , Hawii Mortgage Broker Or Lender , Rental Income Mortgage , 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 Easily Qualified Asset only option – ATR-In-Full – AAA Lendings Detail:

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Overview

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

Program Highlights

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 months reserves from borrower’s own funds.

What is ATR-In-Full?

The ATR-In-Full program is also an asset program, which is qualified with asset only.

We 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. As the alternative, may be left blank.

Qualification

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 the borrower is 59.5 or older, qualifying assets = $370,000 + $120,000 (60% of IRA) = $490,000 and short by $28,500.

Eligible Assets

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


Product detail pictures:

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


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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 Easily Qualified Asset only option – ATR-In-Full – AAA Lendings , The product will supply to all over the world, such as: Sheffield , Kuwait , Armenia , If any item be of interest to you, please let us know. We will try our best to satisfy your requirements with high quality products, the best prices and prompt delivery. Please feel free to contact us at any time. We will reply you when we receive your inquiries. Please note that samples are available before we start our business.
  • High production efficiency and good product quality, fast delivery and completed after-sale protection, a right choice, a best choice.
    5 Stars By Freda from Swiss - 2017.01.28 18:53
    Superb technology, perfect after-sales service and efficient work efficiency, we think this is our best choice.
    5 Stars By Octavia from Kuwait - 2017.11.01 17:04