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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 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 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 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 90% 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, 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 mortgage le... -
- AAA Lendings Enhanced R series – Elite True Stated Income – AAA Lendings
Overview Similar with True Stated Income. CA, CO, GA, IL, 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 WVOE (W... -
- AAA Lendings Enhanced R Series – Elite P&L (Self Prepared Profit & Loss Only) – AAA Lendings
Overview Similar with P&L. CA, CO, GA, IL, 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 mortgage le... -
- 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 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 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 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. One Month Bank Statement, No Need to Source Large Deposit *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. Allowed: 1) Max. 70% LTV; 2) 100... -
- 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...