– AAA Lendings Non-QM Interested Program – Full Docs (Similar with Conventional Loan) – AAA Lendings Detail:
Overview
Full Docs, 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 80% LTV;
4) No MI (Mortgage Insurance);
5) 660 or higher credit scores;
6) 6 months or more reserves;
7) 1-year tax return.
What’s this Full Docs?
Did you ever met below situation?
• Lender can not permit your high loan amount request.
• Can’t you get to the 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 a better choice now. One key point you may pay attention is that you can apply for this program only if you can not qualify with a FNMA or FHMLC loan.
What are the differences between Non-QM Full Docs and 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 that 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.
The benefits of Full Docs
Higher loan amount than agency loans;
High DTI ratio, low limitations;
No MI (Mortgage Insurance) needed;
Cash-out is allowed;
Higher LTV than agency loans.
Product detail pictures:
Related Product Guide:
Innovation is part of our DNA. We continuously seek ways to enhance the mortgage experience for our clients. Our state-of-the-art online application process, secure document management, and digital communication options offer a seamless, paperless mortgage journey. With AAA LENDINGS, you can expect a modern, efficient, and secure mortgage lending experience that keeps up with the fast-paced world of technology. Your convenience and security are paramount to us. – AAA Lendings Non-QM Interested Program – Full Docs (Similar with Conventional Loan) – AAA Lendings , The product will supply to all over the world, such as: Borussia Dortmund , Guatemala , Georgia , During the 10 years of operating, our company always try our best to bring consumption satisfaction for user, built a brand name for ourselves and a solid position in the international market with major partners come from many countries such as Germany, Israel, Ukraine, United Kingdom, Italy, Argentina, France, Brazil, and so on. Last but not least, price of our products are very suitable and have fairly high competition with other companies.
By Victor Yanushkevich
from
Borussia Dortmund
-
2018.06.18 17:25
Timely delivery, strict implementation of the contract provisions of the goods, encountered special circumstances, but also actively cooperate, a trustworthy company!
By Ann
from
Slovenia
-
2017.08.28 16:02
