– AAA Lendings Non-QM Interested Program – Diamond Jumbo (Similar with Conventional Loan) – AAA Lendings Detail:
Overview
Diamond Jumbo, for borrowers who can not do Non-agency Jumbo. More loan amount/ Higher DTI/ Higher LTV/ Unlimited financed properties.
Details
1) Max DTI 55%;
2) Up to $4M loan amount;
3) Up to 90% LTV;
4) No MI(Mortgage Insurance);
5) 660 or greater credit scores;
6) 6 or more months reserves;
7) 1-year tax return is available.
What’s this program?
Did you ever met below situation?
• Lender can not permit your high loan amount request?
• Can’t you get to the high LTV you want?
• Can’t non-agency jumbo lenders offer you cash-out loans?
• Did the lender require you to buy MI(Mortgage Insurance)?
If you have ever met these embarrassed situations, then no worries. Non-QM lenders also have such programs, similar with agency loans. However, Non-QM lenders with {Full Docs} loan product have much lower limitations than Full Documents loan products. You have better choice now. One key point you may take care is: You can apply for this program only if you can not qualify with a FNMA or FHMLC loan.
What’s the difference of this Non-QM Full Document program with agency Full qualify program?
In general, most of the applicants may apply for conventional Jumbo loan for purpose of higher loan amount. However, in our experiences, conventional Jumbo program is not so easy to close. The program has restricted requirements than agency loans, and has long turn time as well.
However, under some circumstances, the applicants can not qualify or proceed with conventional Jumbo program, as a result they can only do a Non-QM product, to satisfy their purpose, such as higher loan amount/ Cash-out/ LTV/ Credit score, etc.
Our Non-QM Full Income Documentation is available to borrowers with jumbo loans and conforming loans that fall just outside the parameters for Qualified Mortgages. Loans in this program must not be eligible for sale to any Government Agency.
What’s the benefits?
After reading the above words, here is the benefits summary for your information:
High loan amount, much more than agency loans;
High DTI ratio, lower limitations;
No MI(Mortgage Insurance) needed;
Cash-out is allowed;
High LTV, higher than agency loans.
Product 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 Interested Program – Diamond Jumbo (Similar with Conventional Loan) – AAA Lendings , The product will supply to all over the world, such as: Uzbekistan , Tanzania , Johannesburg , They're durable modeling and promoting effectively all over the world. Under no circumstances disappearing major functions in a quick time, it's a really should in your case of excellent good quality. Guided by the principle of Prudence, Efficiency, Union and Innovation. the company make a terrific efforts to expand its international trade, raise its company profit and raise its export scale. We're confident that we've been planning to possess a vibrant prospect and to be distributed all over the world within the years to come.
By Coral
from
Slovenia
-
2018.06.30 17:29
It is not easy to find such a professional and responsible provider in today's time. Hope that we can maintain long-term cooperation.
By Janet
from
Canberra
-
2018.07.12 12:19
