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Our commitment to excellence and dedication to our customers have propelled us to expand our operations across 45 states, including Arizona, California, Washington D.C., Florida, Nevada, and Texas, among others. However, our success isn't solely defined by numbers. The countless positive reviews and strong word-of-mouth reputation we've garnered serve as a testament to the trust and confidence the market has placed in us. Top Mortgage Providers , Foreigner Loan , Bankruptcy And Mortgage , As your mortgage partner, we offer more than just loans; we offer a community. AAA LENDINGS is dedicated to creating a sense of belonging for our clients. Our online platform features forums and discussions where you can connect with fellow borrowers, share experiences, and seek advice. This community-driven approach fosters an engaging environment where you can find support, insights, and inspiration as you navigate the path to homeownership.
– 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


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 Non-DTI ratio Program – Asset Depletion(Asset Only) – AAA Lendings , The product will supply to all over the world, such as: Muscat , Honduras , Dominica , With the effort to keep pace with world's trend, we'll always endeavor to meet customers' demands. If you want develop any other new items, we can customize them to suit your needs. If you feel interest in any of our products and solutions or want develop new merchandise, you should feel free to contact us. We are looking forward to forming successful business relationship with customers all over the world.
  • The accounts manager made a detailed introduction about the product, so that we have a comprehensive understanding of the product, and ultimately we decided to cooperate.
    5 Stars By Atalanta from Rotterdam - 2017.12.02 14:11
    This is the first business after our company establish, products and services are very satisfying, we have a good start, we hope to cooperate continuous in the future!
    5 Stars By Jill from Frankfurt - 2017.06.16 18:23