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- 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 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 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 Enhanced R series – Elite True Stated Income – AAA Lendings
Overview Similar with True Stated Income. CA, CO, GA, IL, TX, VA, WA are available. Program Highlights 7/6 ARM (5/1/5) 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 $2.0M; 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 you house mortgage loan? • Were you suspended or denied by the lender for a WVO... -
- 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 Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings
Overview Use Borrower’s 6 months deposits of monthly income to support the stated income in 1003. Program Highlights 1) No P&L Needed; 2) No WVOE Needed; 3) 12 months reserves calculated on PI; 4) Gift funds allowed; 5) Loan amount up to $2.5M; 6) Purchase & No R/T. What is True Stated Income? • Do you know how to use asset only to qualify for you house mortgage loan? • Were you suspended or denied by the lender for a WVOE (Written Verification of Employment) progr... -
- 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 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 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% · Loan Amount $500,000 * Max. seller credit 2.5% to cover buydown rate cost Year 1 Year 2 Year 3, 4, 5, … Interest Rate 5.000% 6.000% 7.000% Mthly PMT $2,684.11 $2,997.75 $3,326.... -
- 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% · Loan Amount $500,000 * Max. seller credit 2.5% to cover buydown rate cost Year 1 Year 2 Year 3, 4, 5, … Interest Rate 5.000% 6.000% 7.000% Mthly PMT $2,684.11 $2,997.75 $3,326.... -
- 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 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% · Loan Amount $500,000 * Max. seller credit 2.5% to cover buydown rate cost Year 1 Year 2 Year 3, 4, 5, … Interest Rate 5.000% 6.000% 7.000% Mthly PMT $2,684.11 $2,997.75 $3,326....