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At AAA LENDINGS, we believe in giving back to our valued customers. That's why we offer a loyalty program that rewards you for your trust and ongoing partnership with us. Our loyalty program is designed to keep you engaged and appreciated, offering exclusive benefits and discounts for our returning customers. Your commitment to AAA LENDINGS is recognized and rewarded, and we strive to make your continued interest in our services a rewarding experience. Mortgage Broker Association , Minnesota Mortgage Broker Or Lender , Debt To Income , The world of mortgages is constantly evolving, and we are on the cutting edge of innovation. At AAA LENDINGS, we offer state-of-the-art digital tools and mobile-friendly platforms that allow you to start your mortgage application or receive updates on the go. Our user-friendly technology streamlines the process, putting the power of mortgage management in the palm of your hand. We know your time is valuable, and our tech-savvy solutions save you time and hassle.
– 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:

While many lenders have limited their scope, we continue to expand our presence across various states, serving borrowers in 45 states, including some of the most dynamic markets like California and Texas. Our expansive reach allows us to understand and adapt to regional nuances, ensuring that our clients in different states receive localized support while still benefiting from our nationwide expertise. – 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 , Moscow , Panama , We focus on providing service for our clients as a key element in strengthening our long-term relationships. Our continual availability of high grade products in combination with our excellent pre-sale and after-sales service ensures strong competitiveness in an increasingly globalized market. We are willing to cooperate with business friends from at home and abroad and create a great future together.
  • The company keeps to the operation concept scientific management, high quality and efficiency primacy, customer supreme, we have always maintained business cooperation. Work with you,we feel easy!
    5 Stars By Kim from Armenia - 2018.11.11 19:52
    It is a very good, very rare business partners, looking forward to the next more perfect cooperation!
    5 Stars By Ivy from Muscat - 2018.05.13 17:00