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For many of our clients, a mortgage is more than just a financial transaction; it's a significant life milestone. Whether you're a first-time homebuyer or a seasoned real estate investor, we approach each application with the care and attention it deserves. We take the time to understand your goals and aspirations, ensuring that your mortgage aligns with your vision for your future. Mortgage Broker License California , Residential Loan , House Mortgage Lender , At AAA LENDINGS, we believe that homeownership should be an enjoyable and fulfilling experience. To engage and excite you on this journey, we provide exclusive access to our homeowner's community. Connect with others on the same path, share experiences, and discover valuable insights to make your homeownership journey an engaging and interactive one. Your home is not just a property; it's a community and a lifestyle, and we're here to make that journey more captivating.
– AAA Lendings Non-QM Non-DTI ratio Program – Asset Depletion(Asset Only) – AAA Lendings Detail:

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Overview

A borrower sold their multi-million dollar business and then found the home of their dreams but had no source of income to document.

Details

1) Up to $2.5M loan amount;
2) Up to 80% LTV;
3) DTI ratio is 50%;
4) Cash-out is accepted;
5) No need employment information in loan application;
6) Asset divide 84 or fixed loan terms to get the borrrower qualified income.

What is the program?

• Is your job or income failed to qualify a mortgage loan?
• Do you have enough assets in you account?
• Do you just sold one property and want to buy another house?
• Don’t you want to provide varieties of income documentations?
• Do you wonder how the lenders approve your loan without considering DTI ratio?

Asset Depletion/ Utilization helps these applicants when you’re in this situation. It’s general Non-QM program, also named “asset only”. You don’t need to provide any employment information and income documents when apply for this program.
It may be used as the sole source of income for loan qualification or to supplement other income sources. When used to supplement other income sources, the minimum asset requirements under qualification method are waived.

What’s the benefit?

1) No need to provide any income documents;
2) Primary house only;
3) Reduced documents
4) Easy to qualify

What assets can be used for this program?

Assets must be liquid and available with no penalty; additional documentation may be requested to validate the origin of the funds:
• 100% of Checking, Savings, and Money Market Accounts;
• 70% of Stocks, Bonds, and Mutual Funds;
• 70% of Retirement Assets: Eligible if the borrower is of retirement age (at least 59 ½);
• 60% of Retirement Assets: Eligible if the borrower is not of retirement age.

Assets ineligible for depletion

For this program, you may take care of below limitations. Several kinds of types can not be used even though you can use these assets by yourself:

• Equity in Real Estate;
• Privately traded or restricted/non-vested stocks;
• Any asset which produces income already included in the income calculation:
• Any assets held in the name of a business.


Product detail pictures:

– AAA Lendings Non-QM Non-DTI ratio Program – Asset Depletion(Asset Only) – AAA Lendings detail pictures


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Your time is precious, and we respect that. At AAA LENDINGS, we're committed to streamlining the mortgage process to save you time and effort. Our online application is user-friendly and designed with your convenience in mind. You can complete the application at your own pace, from the comfort of your home or office. We know you have a busy life, and we aim to make the mortgage process engaging, efficient, and time-saving. – AAA Lendings Non-QM Non-DTI ratio Program – Asset Depletion(Asset Only) – AAA Lendings , The product will supply to all over the world, such as: Gambia , United States , Saudi Arabia , So that you can utilize the resource from the expanding info in international trade, we welcome shoppers from everywhere on-line and offline. In spite of the good quality solutions we offer, effective and satisfying consultation service is supplied by our specialist after-sale service team. Product lists and detailed parameters and any other info weil be sent to you timely for your inquiries. So please make contact with us by sending us emails or call us if you have any questions about our corporation. ou may also get our address info from our web page and come to our company to get a field survey of our merchandise. We are confident that we are going to share mutual achievement and create strong co-operation relations with our companions in this marketplace. We're searching forward for your inquiries.
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