– 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:
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 Interested Program – Diamond Jumbo (Similar with Conventional Loan) – AAA Lendings , The product will supply to all over the world, such as: Uzbekistan , UK , Mexico , Be sure to feel cost-free to send us your specs and we are going to respond for you asap. We have got a experienced engineering team to serve for the every single comprehensive needs. Free samples may be sent for yourself personally to know far more facts. So that you can meet your desires, please actually feel cost-free to contact us. You could send us emails and call us straight. Additionally, we welcome visits to our factory from all over the world for much better recognizing of our corporation. nd merchandise. In our trade with merchants of several countries, we often adhere to the principle of equality and mutual advantage. It is our hope to market, by joint efforts, both trade and friendship to our mutual benefit. We look forward to getting your inquiries.
By Ada
from
Sri Lanka
-
2017.10.25 15:53
We always believe that the details decides the company's product quality, in this respect, the company conform our requirements and the goods are meet our expectations.
By Lorraine
from
Estonia
-
2018.02.12 14:52
