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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. Mortgage Broker Fees , Top Mortgage Questions , Mortgage Broker Vs Bank , At AAA LENDINGS, we operate under the firm belief that 'No Loan is impossible.' This belief is the driving force behind our operations and is embodied in our motto, Able to Assist, Always. It encapsulates the true essence of our AAA brand. We recognize that different customers and diverse lending scenarios require unique solutions, and we are fully prepared to offer them.
– 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:

Customer education is a cornerstone of AAA LENDINGS' mission. We believe that an informed borrower is an empowered borrower. That's why we go the extra mile to provide educational resources and guidance to help you navigate the complexities of the mortgage process. Our team is dedicated to answering your questions, explaining the intricacies of interest rates, loan options, and more, ensuring that you make well-informed decisions. Your financial literacy and confidence matter to us. – 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: Canada , Kuwait , Greece , We have been in operation for more than 10 years. We are dedicated to quality products and consumer support. We currently own 27 product utility and design patents. We invite you to visit our company for a personalized tour and advanced business guidance.
  • The company has rich resources, advanced machinery, experienced workers and excellent services, hope you keep improving and perfecting your products and service, wish you better!
    5 Stars By Athena from Liverpool - 2017.09.29 11:19
    It is not easy to find such a professional and responsible provider in today's time. Hope that we can maintain long-term cooperation.
    5 Stars By Emily from Poland - 2018.07.12 12:19