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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. Georgia Mortgage Broker Or Lender , Mortgage Calculator , Mortgage Lender Zillow , When it comes to customer satisfaction, we don't just meet expectations; we exceed them. Our team is committed to providing unparalleled support throughout your mortgage journey. We assign dedicated loan officers who are accessible and attentive, ensuring you receive personalized assistance from the initial inquiry to the closing table. We believe that by going the extra mile and delivering exceptional service, we not only attract but also retain satisfied customers who become our most significant advocates.
– AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings Detail:

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Overview

Wage earner borrowers only, who can not go with agency mortgage loans, and do not want to provide varities of income documents.

Details

1) Foreign national allowed;
2) 12 months reserves calculated on PI(Not PITIA other lender required);
3) No paystub / W-2 / tax return needed;
4) Gift funds allowed;
5) Loan amount up to $2.5M;
6) Down payment as lower as 30%;
7) Min. FICO 680.

What’s the program?

Did you have ever meet this kind of case?
Did the Lender condition updated paystubs again and again?
Did the lender calculate your income and tell you not qualify with the house mortgage?
Are you hard to find your copies of W2s or paystubs?

We AAA Lendings offer you a perfect Non-QM program– WVOE(Written Verification of Employment). If the salaried borrowers receive a consistent wage or salary from an employer in return for a service rendered and have no ownership or less than 25% ownership interest in the business.

Salaried borrowers receive a consistent wage or salary from an employer in return for a service rendered and have no ownership or less than 25% ownership interest in the business. Compensation may be based on an hourly, weekly, biweekly, monthly, or semi-monthly basis. If hourly, the number of scheduled hours must be addressed. The income that is verified must be converted into a monthly dollar amount for use on the formal application (FNMA Form 1003). At the discretion of the underwriter, supplementary documentation of income may be requested

What’s the benefits?

For this program, the lender only need a WVOE form to calculate qualified income, no any other income documents needed. This should be most the most attractive key point of this program. No any agency loans can do such program. Besides, different from other programs, this program doesn’t need applicants’ too much assets. In general, this is a good program for salaried borrowers who can not do agency loans.

How to calculate?

- Use the base salary (semi-monthly, bi-weekly, or hourly rate as supported by YTD) from WVOE.
Examples:
◦ Semi-monthly: Semi-monthly amount multiplied by 2 equals monthly income.
◦ Bi-weekly: Bi-weekly amount multiplied by 26 divided by 12 equals monthly income.
◦ Teacher paid for 9 months: Monthly amount multiplied by 9 months divided by 12 months
equals monthly qualifying income.

Reminder the employer to complete the WVOE form, then lender will proceed with the loan fast.


Product detail pictures:

– AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings detail pictures


Related Product Guide:

AAA LENDINGS is not just a lender; we are your financial partner. We take the time to listen to your financial goals and aspirations, offering guidance beyond the application process. Our commitment to your financial well-being extends far beyond closing the deal, and we are dedicated to helping you achieve your long-term objectives, whether that's homeownership, real estate investment, or debt consolidation. – AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings , The product will supply to all over the world, such as: Juventus , Madras , Mombasa , To achieve reciprocal advantages, our company is widely boosting our tactics of globalization in terms of communication with overseas customers, fast delivery, the best quality and long-term cooperation. Our company upholds the spirit of innovation, harmony, team work and sharing, trails, pragmatic progress. Give us a chance and we will prove our capability. With your kind help, we believe that we can create a bright future with you together.
  • Product quality is good, quality assurance system is complete, every link can inquire and solve the problem timely!
    5 Stars By Elma from Hamburg - 2018.06.26 19:27
    Company director has very rich management experience and strict attitude, sales staff are warm and cheerful, technical staff are professional and responsible,so we have no worry about product,a nice manufacturer.
    5 Stars By Daniel Coppin from Lithuania - 2018.11.22 12:28