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- AAA Lendings Second Loan – AAA Lendings
Overview Standalone & Piggyback. Second Loan Only is acceptable. * Subject property should have a first mortgage. Program Highlights 15 Years Term. Other term options（5 yrs, 10yrs, 20yrs, 30yrs). 1) No Prepayment Penalty; 2) Max. CLTV 85%; 3) Min. FICO 680; 4) Max. Loan Amount $250,000; 5) Primary & Second home are eligible. Income Guideline ★Piggybacks: follow AUS for tax return requirements. ★Standalones: 2 yrs tax returns(business and personal) with all schedul... -
- AAA Lendings Second Loan – AAA Lendings
Overview Standalone & Piggyback. Second Loan Only is acceptable. * Subject property should have a first mortgage. Program Highlights 15 Years Term. Other term options（5 yrs, 10yrs, 20yrs, 30yrs). 1) No Prepayment Penalty; 2) Max. CLTV 85%; 3) Min. FICO 680; 4) Max. Loan Amount $250,000; 5) Primary & Second home are eligible. Income Guideline ★Piggybacks: follow AUS for tax return requirements. ★Standalones: 2 yrs tax returns(business and personal) with all schedul... -
- 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) Max. HCLTV 85%; 5) Max. Lo... -
- 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 Portfolio Program – AAA Lendings
Overview Portfolio Bank Statement Portfolio DSCR Portfolio Foreign National DSCR * Retail Only Details 1) 5/6 ARM 30 Day Average SOFR (5/1/5); 2) Buydown ratio under par 1:2; 3) Max. Loan Amount $5,000,000. * Buyup ratio over par unacceptable Portfolio Bank Statement 1) UW Fee $1495 & Processsing Fee $845; 2) Trust/Entity Review Fee $300, if applicable; 3) Bank Statement Income Max. LTV 65%; 4) Bank Statement – Interest Only Max. LTV 60%; 5) Min. Loan Amount $500,00... -
- 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 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 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 $3M 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 Portfolio Program – AAA Lendings
Overview Portfolio Bank Statement Portfolio DSCR Portfolio Foreign National DSCR * Retail Only Details 1) 5/6 ARM 30 Day Average SOFR (5/1/5); 2) Buydown ratio under par 1:2; 3) Max. Loan Amount $5,000,000. * Buyup ratio over par unacceptable Portfolio Bank Statement 1) UW Fee $1495 & Processsing Fee $845; 2) Trust/Entity Review Fee $300, if applicable; 3) Bank Statement Income Max. LTV 65%; 4) Bank Statement – Interest Only Max. LTV 60%; 5) Min. Loan Amount $500,00... -
- AAA Lendings Second Loan – AAA Lendings
Overview Standalone & Piggyback. Second Loan Only is acceptable. * Subject property should have a first mortgage. Program Highlights 15 Years Term. Other term options（5 yrs, 10yrs, 20yrs, 30yrs). 1) No Prepayment Penalty; 2) Max. CLTV 85%; 3) Min. FICO 680; 4) Max. Loan Amount $250,000; 5) Primary & Second home are eligible. Income Guideline ★Piggybacks: follow AUS for tax return requirements. ★Standalones: 2 yrs tax returns(business and personal) with all schedul... -
- 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 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...