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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. Mortgage Lender Credit , Bank Statements Program , Down Payment , 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 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


Related Product Guide:

Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. – 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: Guyana , UK , Peru , With high quality, reasonable price, on-time delivery and customized & personalized services to help customers achieve their goals successfully, our company has got praise in both domestic and foreign markets. Buyers are welcome to contact us.
  • Managers are visionary, they have the idea of mutual benefits, continuous improvement and innovation, we have a pleasant conversation and Cooperation.
    5 Stars By Erica from venezuela - 2018.05.13 17:00
    The product classification is very detailed that can be very accurate to meet our demand, a professional wholesaler.
    5 Stars By Caroline from Tunisia - 2017.08.21 14:13