– AAA Lendings Reserves Mortgage – AAA Lendings Detail:
Overview
No Docs No Credit.
5 Years Fixed Rate Balloon.
30 Years Amortization Term.
4-Year P&I (Principal & Interest) Reserves Required.
Max. loan Amount $7,500,000.
One Month Bank Statement,No Need to Source Large Deposit
*Reserves shall be deposited into AAA LENDING’s designated bank account (Reserve Account: Non-Interest Depository Account)
Details
Not needed:
1) Income;
2) DTI;
3) DSCR;
4) Credit Report;
5) Tax Return;
6) Employment.
Allowed:
7) Max. 70% LTV;
8) 100% Gift Funds;
9) Mixed Use Property;
10) Foreign National;
11) Investment Only: 1-4 Units;
12) Purchase & R/T Refi & C/O Refi allowed.
General Guideline
(1) Foreign National:Allowed – Must obtain ITIN (W-7 Form).
(2) POA:Allowed – Only Individual Borrower(s).
(3) Property Type:SFR (1-4 units), Condo, Townhomes, PUD.
Product detail pictures:
Related Product Guide:
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By Victor Yanushkevich
from
Rome
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2018.11.02 11:11
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By Rachel
from
Niger
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2018.10.01 14:14
