-
- 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 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 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 Enhanced R Series – Elite P&L (Self Prepared Profit & Loss Only) – AAA Lendings
Overview Similar with P&L. CA, CO, GA, IL, TX, VA, WA are available. Program Highlights 7/6 ARM (5/1/5) 1) No CPA signature needed; 2) Foreign national allowed; 3) Loan amount up to $2.0M; 4) No tax returns needed; 5) Gift funds allowed; 6) Down payment as low as 30%; 7) Min. FICO 680. What is Elite P&L? Who can apply for Elite P&L? • Are you a self-employed borrower? • Did the lender require your business bank statements to get loan qualified? Did your mortgag... -
- 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 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 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 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 Enhanced R series – Elite WVOE – AAA Lendings
Overview Similar with WVOE. CA, CO, GA, IL, TX, VA, WA are available. Program Highlights 7/6 ARM (5/1/5) 1) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.0M; 5) Down payment as low as 30%; 6) Min. FICO 680. What is Elite WVOE? Did the Lender condition updated paystubs again and again? Did the lender calculate your income and tell you that you are not qualify with the house mortgage? Are you hard to find yo... -
- AAA Lendings Enhanced R Series – Elite P&L (Self Prepared Profit & Loss Only) – AAA Lendings
Overview Similar with P&L. CA, CO, GA, IL, TX, VA, WA are available. Program Highlights 7/6 ARM (5/1/5) 1) No CPA signature needed; 2) Foreign national allowed; 3) Loan amount up to $2.0M; 4) No tax returns needed; 5) Gift funds allowed; 6) Down payment as low as 30%; 7) Min. FICO 680. What is Elite P&L? Who can apply for Elite P&L? • Are you a self-employed borrower? • Did the lender require your business bank statements to get loan qualified? Did your mortgag... -
- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview Similar with WVOE. CA, CO, GA, IL, TX, VA, WA are available. Program Highlights 7/6 ARM (5/1/5) 1) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.0M; 5) Down payment as low as 30%; 6) Min. FICO 680. What is Elite WVOE? Did the Lender condition updated paystubs again and again? Did the lender calculate your income and tell you that you are not qualify with the house mortgage? Are you hard to find yo... -
- 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...