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- AAA Lendings Non-QM DSCR (Debt Service Coverage Ratio) Program – AAA Lendings
Overview DSCR (Debt Service Coverage Ratio) Program. This is the easiest program among all of the Non-QM programs. Income/ Employment Status/ Tax Return is not required. Program Highlights 1) Up to $2M Loan Amount; 2) Up to 75% LTV; 3) 660 or higher Credit Score; 4) May close in entities; 5) No limits on number of properties financed; 6) SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos are available. What is DSCR? Do you know how to qualify a house... -
- AAA Lendings Enhanced R Series – Elite P&L (Self Prepared Profit & Loss Only) – AAA Lendings
Overview It’s a good choice for self-employed borrowers who can not be qualified with agency loan and do not want to provide varities of income documents. Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) No CPA signature needed; 2) Foreign national allowed; 3) Loan amount up to $2.5M; 4) No tax returns needed; 5) Gift funds allowed; 6) Down payment as low as 30%; 7) Min. FICO 700. What is Elite P&L? Who can apply for Elite P&L? • Are you a self-employed... -
- AAA Lendings Enhanced R series – Elite True Stated Income – AAA Lendings
Overview Use Borrower’s 6 months deposits of monthly income to support the stated income in 1003. * Foreign National or Cash Out is Not Available Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) No P&L Needed; 2) No WVOE Needed; 3) No Tax Returns Needed; 4) No 4506-T Needed; 5) Gift funds allowed; 6) Loan amount up to $2.5M; 7) Purchase & R/T Refinance are available. What is Elite True Stated Income? • Do you know how to use enough assets only to qualify for ... -
- AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings
Overview Self-employed borrower with excellent credit whose income stated on their tax return won’t qualify them for the luxury home they can afford. Qualify with 100% on Personal Account Deposits and 50% on Business Account Deposits (12 consecutive months). Program Highlights 1) Up to $4M Loan Amount; 2) Up to 80% LTV; 3) Self-Employed and 1099 Borrowers; 4) 660 or higher Credit Score; 5) No reserves required for LTV at 75% or less; 6) No 4506T / No K1 / No P&L required; 7... -
- AAA Lendings Second Loan – AAA Lendings
Overview Standalone & Piggyback. Second Loan Only is acceptable. * Subject property should have a first mortgage. Program Highlights 15 Years Term. Other term options（5 yrs, 10yrs, 20yrs, 30yrs). 1) No Prepayment Penalty; 2) 1 Unit & Up to 85% CLTV; 3) Min. FICO 680; 4) Max. Loan Amount $250,000; 5) Primary & Second home are eligible. Credit Guideline (1) If there are past due unpaid Federal income taxes, the borrower should provide installment agreement with ... -
- AAA Lendings No Doc No Credit – AAA Lendings
Overview 5 Years Fixed Rate Balloon. 30 Years Amortization Term. 4-Year P&I (Principal & Interest) Reserves Required. Max. Loan Amount $7,500,000. *Reserves shall be deposited into AAA LENDINGS’s designated bank account (Reserve Account: Non-Interest Depository Account) Program Highlights Not needed: 1) Income; 2) DTI; 3) DSCR; 4) Credit Report; 5) Tax Return; 6) Employment; 7) Bank Statement. Allowed: 1) Max. 70% LTV; 2) 100% Gift Funds; 3) Mixed Use Property; 4)... -
- AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings
Overview Self-employed borrower with excellent credit whose income stated on their tax return won’t qualify them for the luxury home they can afford. Qualify with 100% on Personal Account Deposits and 50% on Business Account Deposits (12 consecutive months). Program Highlights 1) Up to $4M Loan Amount; 2) Up to 80% LTV; 3) Self-Employed and 1099 Borrowers; 4) 660 or higher Credit Score; 5) No reserves required for LTV at 75% or less; 6) No 4506T / No K1 / No P&L required; 7... -
- AAA Lendings Non-QM Easily Qualified Asset only option – ATR-In-Full – AAA Lendings
Overview Popular asset program. Borrower has certain amount of assets, which can cover the purchase price or loan amount and closing cost. No employment info required; No DTI. Program Highlights 1) Up to 75% LTV; 2) Up to $4M loan amount; 3) Primary residence only; 4) No limits on number of properties financed; 5) At least 6 months reserves from borrower’s own funds. What is ATR-In-Full? The ATR-In-Full program is also an asset program, which is qualified with asset ... -
- AAA Lendings Temporary Buydown – AAA Lendings
Overview A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. In the case of discount points, the interest rate is lower for the loan term. * For Conforming & High Balance Loan Loan Scenario · 2-1 Buydown · 30 Years Fixed · Note Rate 7.000% (Note rate quotes as of 11/07/2022, subject to market change) · Loan Amount $500,000 * Max. seller credit 2.5% to cover the cost (including buydown rate) Year 1 Year 2 Year 3, 4, 5,... -
- AAA Lendings Affordable Housing Portfolio Loan – AAA Lendings
Overview Affordable Housing Portfolio Loan offer flexible underwriting, highly competitive rates and fixed or variable-rate financing options with certainty and speed of execution. Details 7/6 ARM (30-Day Avg. SOFR) 1) Max. LTV 80%; 2) Max. Loan Amount $1,500,000; 3) All scenarios require 12 months P&I in the U.S. Financial Institution as reserves; 4) Primary Transaction must be CRA Eligible Loan: ①LMI of less than 80% of FFEIC median income for census tract; or ②Subject Pr... -
- AAA Lendings HELOC – AAA Lendings
Overview Standalone & Piggyback. The HELOC program is Home Equity Line Of Credit. Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization. * Index: Prime Mortgage Rate floated with the market. Margin: Subject to loan scenarios, Margin Min. 1%, Fixed. Lifetime Max Rate: 18%. Lifetime Rate Floor: 2.5%. Program Highlights 1) No Prepayment Penalty; 2) No Annual Fee; 3) Primary & Second home are eligible; 4) 1 Unit & Up to 85% HCL... -
- AAA Lendings HELOC – AAA Lendings
Overview Standalone & Piggyback. The HELOC program is Home Equity Line Of Credit. Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization. * Index: Prime Mortgage Rate floated with the market. Margin: Subject to loan scenarios, Margin Min. 1%, Fixed. Lifetime Max Rate: 18%. Lifetime Rate Floor: 2.5%. Program Highlights 1) No Prepayment Penalty; 2) No Annual Fee; 3) Primary & Second home are eligible; 4) 1 Unit & Up to 85% HCL...