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- AAA Lendings Non-QM Interested Program – Full Doc – AAA Lendings
Overview Full Doc, for borrowers who can not do Non-agency Jumbo. More loan amount/Higher DTI/Higher LTV/ Unlimited financed properties. Program Highlights 1) Max. DTI 55%; 2) Up to $4M Loan Amount; 3) Up to 80% LTV; 4) No MI (Mortgage Insurance); 5) 660 or higher Credit Score; 6) 6 months or more reserves; 7) 1-year tax return. What are the differences between Non-QM Full Doc and Full Qualify Program? In general, most of the applicants may apply for conventional Jumbo loa... -
- 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 Non-QM Non-DTI ratio Program – Asset Depletion (Asset Only) – AAA Lendings
Overview Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments. They are financially responsible people, but they might not have sources of income that are easily quantifiable. AAA LENDINGS Mortgage’s Asset depletion programs allow these kinds of borrowers to use their personal and business assets as a means to qualify for a home mortgage. Progr... -
- 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 Jumbo Loan – AAA Lendings
Overview Loan amount exceeds the limits for a conventional conforming loan. Program Highlights 30 Years fixed 1) Rental income can be used with 2 years landlord experiences history; 2) No Mortgage Insurance needed; 3) Max. DTI 45%; 4) Max. LTV 85% for purchase & R/T; Max. LTV 75% for C/O; 5) Max number of financed properties: ① Primary – No Limit, ② 2nd & Investment Property – Max. 20; 6) Max. Loan Amount $3.0M; 7) Max. cash-out amount $500,000; 8) Min. 12 m... -
- 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 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 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 WVOE – AAA Lendings
Overview It’s a good choice for wage earner 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) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.5M; 5) Down payment as low as 30%; 6) Min. FICO 700. What is Elite WVOE? Did the Lender condition updated paystubs again and again? Did the lender calculate yo... -
- 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 11/04/2022, 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 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 ...