– AAA Lendings Non-QM Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings Detail:
Overview
Use borrower’s asset to qualify, borrower’s assets need to cover at least 6-month deposits of monthly income.
Details
1) No P&L Needed;
2) No WVOE Needed;
3) 12 months reserves calculated on PI (Not PITIA other lender required);
4) Gift funds allowed;
5) Loan amount up to $2.5M;
6) Purchase & No Cash out available.
What’s this program?
• 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?
• Do you have not so much asset 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 situation, no worries, come to us and we will introduce a Non-QM program for you—-True Stated Income. The program is familiar 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 doe this program work?
Just like what the product name, this program is qualified with asset as well. See below:
If the True Stated Income of this loan program is chosen, 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 discussed in Section VIII of these guidelines.
Who can apply for this program?
As mentioned the above, whatever you’re salary borrower or self-employed borrower, you can apply for this program. If salary borrower, then no special documents are needed when you apply a new house mortgage loan of Non-QM with the lender. If self-employed borrower or 1099 borrower, you may need a simple CPA letter.
How doe this program work?
Just like what the product name, this program is qualified with asset as well. Unlike the other programs, we lender don’t need to prepare any special documents from the borrower. Just prepare normal bank statements when apply for your house mortgage loans, See below for your information:
Stated Income means the borrower states their Reasonable current income in the loan application. The lender will verify borrower’s monthly income can be supported by the “Liquid” assets pre-closing.
If the True Stated Income of this loan program is chosen, 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 discussed in Section VIII of these guidelines.
Product detail pictures:
Related Product Guide:
The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. – 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: Singapore , Muscat , Cologne , They are sturdy modeling and promoting effectively all over the world. Never ever disappearing major functions within a quick time, it's a have to for you of fantastic good quality. Guided by the principle of Prudence, Efficiency, Union and Innovation. the corporation. ake an excellent efforts to expand its international trade, raise its organization. rofit and raise its export scale. We are confident that we are going to have a bright prospect and to be distributed all over the world in the years to come.
By Federico Michael Di Marco
from
Jordan
-
2018.11.06 10:04
The factory workers have a good team spirit, so we received high quality products fast, in addition, the price is also appropriate, this is a very good and reliable Chinese manufacturers.
By Anna
from
Mongolia
-
2018.06.30 17:29
