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Planning your financial future begins with the right mortgage partner, and at AAA LENDINGS, we are committed to helping you achieve your dreams. We understand that the journey towards homeownership can be exciting but also daunting. Our seasoned professionals are more than just mortgage experts; they are your financial allies. They are available to discuss your goals, assess your financial situation, and provide personalized guidance that captures your interest. We take pride in being the guiding hand that empowers you to make informed decisions about your future. Asset Based Income , Top Mortgage Companies , Adjustable Vs Fixed Rate , 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 Self-employed borrower program – P&L(Self Prepared Profit & Loss Only) – AAA Lendings Detail:

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Overview

Self-employed borrowers only, who can not go with agency mortgage loans, and do not want to provide varities of income documents.

Details

1) No CPA signature needed;
2) Foreign national allowed;
3) Loan amount up to $10M;
4) 12 months reserves calculated on PI(Not PITIA other lender required);
5) No tax returns needed;
6) Gift funds allowed;
7) Down payment as lower as 30%;
8) Min. FICO 680.

What’s this program? Who can apply for this program?

• Are you a self-employed borrower?
• Did the lender require your business bank statements to get loan qualified? Or did your mortgage 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.

We AAA Lendings now offer an appropriate Non-QM loan program used in the above situations, which is named P&L (Profit & Loss). This program is designed for borrowers who are self-employed and would benefit from alternative loan qualification methods. That’s the best benefit 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. Sometime, we even accept borrower prepared P&L, which is also a good benefit for some borrowers.

Why does this program designed?

For self-employed borrowers, 12/ 24 months bank statement program is a better choice, since this program doesn’t need tax returns and business bank statements neither. However, when some applicants owns a business, which has complicated financial situation with multiple bank statements, the P&L program may be the best choice for you. Since 12/ 24 months bank statement program has limitation about the demand of bank statements; maybe max. Three bank statement accounts for one business, that may be the restriction which leads to P&L program.

What do you need to prepare for fast approve?

When you submit the loan to the lenders, they may need a YTD(Year-to-Date) P&L (or plus a prior year P&L sometimes), business license, CPA letter, etc. So 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


Product detail pictures:

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


Related Product Guide:

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. – 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: European , Peru , Victoria , With the spirit of high quality is our company's life; good reputation is our root, we sincerely hope to cooperate with customers from at home and abroad and hope to build a good relationship with you.
  • High production efficiency and good product quality, fast delivery and completed after-sale protection, a right choice, a best choice.
    5 Stars By Samantha from Jamaica - 2018.06.18 19:26
    Customer service staff and sales man are very patience and they all good at English, product's arrival is also very timely, a good supplier.
    5 Stars By Rosalind from Malawi - 2017.08.18 18:38