Wholesale - AAA Lendings Portfolio Program – AAA Lendings lender and investor

Product Detail

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. Mortgage Broker Florida , Top Mortgage Companies To Work For , Ancillary Income , At AAA LENDINGS, we're your partner for the long term. Our post-closing services are designed to keep you engaged even after your mortgage is secured. We offer ongoing resources, such as home maintenance tips, investment guidance, and periodic mortgage check-ins to ensure your financial goals are on track. Our relationship with you doesn't end at closing; it's an enduring commitment to your financial well-being.

– AAA Lendings Portfolio Program – AAA Lendings Detail:

Portfolio Program

Overview

Portfolio Bank Statement
Portfolio DSCR
Portfolio Foreign National DSCR

* Retail Only

Details

1) 5/6 ARM 30 Day Average SOFR (5/1/5);
2) Buydown ratio under par 1:2;
3) Range of Loan Amount $500,000 – $5,000,000.

* Buyup ratio over par unacceptable

Portfolio Bank Statement

1) UW Fee $1495 & Processsing Fee $845;

2) Trust/Entity Review Fee $300, if applicable;

3) Bank Statement Income Max. LTV 65%;

4) Bank Statement – Interest Only Max. LTV 60%;

5) Min. Loan Amount $500,000;

6) Foreign National – Not Eligible;

7) 18-Month Pre-Payment Penalty is equal to 6 months interest;

8) Min. 12 months PITIA on subject property as the reserves;

9) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.

Portfolio DSCR

1) UW Fee $1495 & Processsing Fee $845;

2) Trust/Entity Review $300, if applicable;

3) Min. Loan Amount $500,000;

4) Foreign National – Not Eligible;

5) Min. DSCR 1.000;

6) Loan Made to Natural Person – No Entity Borrowers;

7) 2-4 Unit Property is Eligible and 5% Reduction in Max. LTV/CLTVs on Matrix;

8) 18-Month Pre-Payment Penalty is equal to 6 months interest;

9) Min. 12 months PITIA on subject property as the reserves;

10) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.

Portfolio FN DSCR

1) UW Fee $1495 & Processsing Fee $845;

2) Trust/Entity Review $300, if applicable;

3) Foreign National Review $250;

4) Min. Loan Amount $500,000;

5) Min. DSCR 1.000;

6) Interest Only – Not Allowed;

7) Power of Attorney – Not Allowed;

8) Pre-Payment Penalty (Investor only) is 18 months and equal to 6 months interest.

9) Min. 12 months PITIA on subject property as the reserves;

10) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.

How to Calculate Portfolio DSCR?

DSCR shall be calculated as follows: DSCR = *Net Rental Income ÷ Qualifying Monthly Payment (P and I only);

*Net Rental Income = Gross Rents * (1 – Expense Factor);

Expense Factors: Property without HOA = 25%, Property with HOA = 30%;

Rent will be the lesser of: Current lease income or the amount on the 1007 provided by the appraiser showing the estimated market rent schedule.

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AAA LENDINGS takes pride in our community involvement and social responsibility. We believe that being a responsible lender means giving back to the communities we serve. Our team actively participates in charitable initiatives, supporting local causes, and promoting financial literacy. We're not just in the business of providing loans; we're invested in making a positive impact on the lives of our clients and the communities they call home. – AAA Lendings Portfolio Program – AAA Lendings , The product will supply to all over the world, such as: Cyprus , Macedonia , Portugal , Now, with the development of internet, and the trend of internationalization, we have decided to extend business to overseas market. With the propose of bringing more profits to oversea customers by providing directly abroad. So we have changed our mind, from home to abroad, hope to give our customers more profit, and looking forward to more chance to make business.

-AAA Lendings