Wholesale - AAA Lendings Non-QM Self-employed borrower program – P&L (Self Prepared Profit & Loss Only) – AAA Lendings lender and investor

Product Detail

Our commitment to transparency goes beyond the initial stages of the mortgage process. We ensure that you have a clear understanding of your mortgage terms, including interest rates, fees, and closing costs. There are no surprises on the closing day. We're dedicated to providing you with straightforward, jargon-free explanations, so you can confidently navigate the financial aspects of your home purchase or refinance. Mortgage Broker Or Bank , Conventional Loan Limits , Mortgage Broker List , At AAA LENDINGS, we operate under the firm belief that 'No Loan is impossible.' This belief is the driving force behind our operations and is embodied in our motto, Able to Assist, Always. It encapsulates the true essence of our AAA brand. We recognize that different customers and diverse lending scenarios require unique solutions, and we are fully prepared to offer them.

– AAA Lendings Non-QM Self-employed borrower program – P&L (Self Prepared Profit & Loss Only) – AAA Lendings Detail:

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Overview

It’s a good choice for self-employed borrowers who can not be qualified with agency loan and do not want to provide varities of income documents.

Program Highlights

1) No CPA signature needed;
2) Foreign national allowed;
3) Loan amount up to $10M;
4) 12 months reserves calculated on PI;
5) No tax returns needed;
6) Gift funds allowed;
7) Down payment as low as 30%;
8) Min. FICO 680.

What is Self-prepared P&L? Who can apply for this program?

• Are you a self-employed borrower?
• Did the mortgage lender require your business bank statements to get loan qualified? Or did your lenders require you to sign the tax returns and need transcripts?
• Have you ever been suspended or denied by the agency lenders? Did the lenders ever say “Per our guideline”?
• Do you know how you can qualify a house loan without any income documents? Even though tax returns/business bank statements, etc.

AAA Lendings now offer an appropriate Non-QM loan program used in the above situations, which is named P&L (Profit & Loss). P&L is designed for borrowers who are self-employed and would benefit from alternative loan qualification methods. That’s the best part for self-employers. A CPA/CTEC/EA completed and signed P&L may be used as an alternative to tax returns to document a self-employed borrower’s income. Sometimes, we even accept borrower prepared P&L, which is also a good news for some borrowers.

Fast approval Notification

When you submit the loan to us, we may need a YTD (Year-to-Date) P&L (or plus a prior year P&L sometimes), business license, CPA letter, etc. Either way is OK for what provide at initial submission or when loan approval.

Besides, you need to check with our submission team to calculate income first.

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Transparency is at the core of our operations. We take pride in our open and honest communication with our clients. No hidden fees, no surprises. We provide clear, straightforward information about your mortgage options, ensuring you have all the facts to make informed decisions. Our goal is to build trust with our clients by being forthright and transparent, making your home financing experience as smooth as possible. – AAA Lendings Non-QM Self-employed borrower program – P&L (Self Prepared Profit & Loss Only) – AAA Lendings , The product will supply to all over the world, such as: Mauritius , Egypt , Venezuela , With more than 9 years of experience and a professional team, we have exported our products to many countries and regions all over the world. We welcome customers, business associations and friends from all parts of the world to contact us and seek cooperation for mutual benefits.

-AAA Lendings

With a positive attitude of regard the market, regard the custom, regard the science, the company works actively to do research and development. Hope we have a future business relationships and achieving mutual success.