– AAA Lendings Portfolio Program – AAA Lendings Detail:
				
		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:
 
                            Related Product Guide:
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: Germany , Accra , Slovenia , We are your reliable partner in the international markets of our products. We focus on providing service for our clients as a key element in strengthening our long-term relationships. The continual availability of high grade products in combination with our excellent pre- 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, to create a great future. Welcome to Visit our factory. Looking forward to have win-win cooperation with you.
 By Maria
 from
                                Sheffield
 -
                                2018.07.26 16:51
 By Maria
 from
                                Sheffield
 -
                                2018.07.26 16:51
                            It is really lucky to meet such a good supplier, this is our most satisfied cooperation, I think we will work again!
 By Frances
 from
                                Boston
 -
                                2018.12.14 15:26
 By Frances
 from
                                Boston
 -
                                2018.12.14 15:26
                            

 
				



