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- 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 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 Self-employed borrower program – 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 1) No CPA signature needed; 2) Foreign national allowed; 3) Loan amount up to $10M; 4) 12 months reserves calculated on PI; 5) No tax returns needed; 6) Gift funds allowed; 7) Down payment as low as 30%; 8) Min. FICO 680. What is Self-prepared P&L? Who can apply for this program? • Are you a ... -
- 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 80% 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 Salary borrower Program – WVOE (Written Verification of Employment) – 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 1) Foreign national allowed; 2) 12 months reserves calculated on PI; 3) No paystub / W-2 / tax return needed; 4) Gift funds allowed; 5) Loan amount up to $2.5M; 6) Down payment as low as 30%; 7) Min. FICO 680. What is WVOE? A Written Verification of Employment (WVOE) is a form to be completed by a borrower’s... -
- AAA Lendings Second Loan – AAA Lendings
Overview Standalone & Piggyback. Second Loan Only is acceptable. * Subject property should have a first mortgage. * AZ, CA, CO, FL, GA, IL, MD, MI, MN, OH, OR, PA, SC, VA, WA are available. Program Highlights 15 Years Term. Other term options（5 yrs, 10yrs, 20yrs, 30yrs). 1) No Prepayment Penalty; 2) 1 Unit & Up to 90% 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 ... -
- AAA Lendings Non-QM Salary borrower Program – WVOE (Written Verification of Employment) – 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 1) Foreign national allowed; 2) 12 months reserves calculated on PI; 3) No paystub / W-2 / tax return needed; 4) Gift funds allowed; 5) Loan amount up to $2.5M; 6) Down payment as low as 30%; 7) Min. FICO 680. What is WVOE? A Written Verification of Employment (WVOE) is a form to be completed by a borrower’s... -
- 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 80% 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 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 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 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...