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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 Lender License , Mortgage Broker Education Program , Fico Score , We understand that creditworthiness can be a concern for many borrowers. That's why we offer credit counseling services to help you improve your credit score and secure better loan terms. By providing valuable insights and tailored guidance, we aim to engage potential borrowers who might initially be unsure about their eligibility. We're here to empower you to take control of your financial future.
– 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) Max. Loan Amount $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.


Product detail pictures:

– AAA Lendings Portfolio Program – AAA Lendings 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 Portfolio Program – AAA Lendings , The product will supply to all over the world, such as: Qatar , Bolivia , Lebanon , The quality of our merchandise is equal to OEM's quality, because our core parts are the same with OEM supplier. The above items have passed professional certification, and we not only can produce OEM-standard items but we also accept Customized Merchandise order.
  • We have been appreciated the Chinese manufacturing, this time also did not let us disappoint,good job!
    5 Stars By Deborah from Suriname - 2018.06.28 19:27
    Staff is skilled, well-equipped, process is specification, products meet the requirements and delivery is guaranteed, a best partner!
    5 Stars By Stephanie from Seychelles - 2017.11.01 17:04