– AAA Lendings Non-QM Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings Detail:
Overview
Use Borrower’s 6 months deposits of monthly income to support the stated income in 1003.
Program Highlights
1) No P&L Needed;
2) No WVOE Needed;
3) 12 months reserves calculated on PI;
4) Gift funds allowed;
5) Loan amount up to $2.5M;
6) Purchase & No R/T.
What is True Stated Income?
• Do you know how to use asset only to qualify for you house mortgage loan?
• Were you suspended or denied by the lender for a WVOE (Written Verification of Employment) program?
• Does your assets have not so much when you want to buy your own house?
• Didn’t your employer want to provide a WVOE form or cooperate?
If you have ever met the above situations, the program is similar with the {WVOE} program, it’s designed for salaried borrowers and self-employed borrowers. Non-QM loans have little such good programs that wage earners and business owners can both apply for.
How does this program work?
Just like the product name, this program is qualified with asset as well. See below:
If to choose the True Stated Income program, the borrower will only be required to provide an Asset Based Income on the Loan Application (1003). This income will be utilized to calculate qualifying debt to income ratio.
Who can apply for this program?
No matter you are a salary borrower or a self-employed borrower, you can apply for this program. For salary borrowers, no special documents are needed when you apply a new house mortgage loan of Non-QM with the lender. For self-employed borrowers or 1099 borrowers, a CPA letter may required.
Product detail pictures:
Related Product Guide:
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 Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings , The product will supply to all over the world, such as: Korea , Toronto , South Africa , Due to the stability of our products, timely supply and our sincere service, we are able to sell our products not only over the domestic market, but also exported to countries and regions, including the Middle East, Asia, Europe and other countries and regions. At the same time, we also undertake OEM and ODM orders. We will do our best to serve your company, and establish a successful and friendly cooperation with you.
By Elma
from
Netherlands
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2017.12.19 11:10
The factory technical staff not only have high level of technology, their English level is also very good, this is a great help to technology communication.
By Kama
from
Roman
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2018.10.09 19:07
