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- AAA Lendings Non-QM Self-employed borrower program – P&L(Self Prepared Profit & Loss Only) – AAA Lendings
Overview Self-employed borrowers only, who can not go with agency mortgage loans, and do not want to provide varities of income documents. Details 1) No CPA signature needed; 2) Foreign national allowed; 3) Loan amount up to $10M; 4) 12 months reserves calculated on PI(Not PITIA other lender required); 5) No tax returns needed; 6) Gift funds allowed; 7) Down payment as lower as 30%; 8) Min. FICO 680. What’s this program? Who can apply for this program? • Are you a self-emp... -
- 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) Details 1) Up to $4M loan amounts; 2) Up to 80% Max LTV; 3) Self-Employed and 1099 Borrowers; 4) 660 or greater credit scores; 5) No reserves required at 75% or less LTV; 6) No 4506T / No K1’s / No P&L’s; 7) No MI(Mortga... -
- AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – AAA Lendings
Overview Most simple product in the varieties of Non-QM programs. No Income/ No Employment/ No Tax Returns, neither comparing DTI ratio like conventional loans. Only if the subject property is an investment property. Details 1) Up to $2M loan amounts; 2) Up to 80% Max LTV; 3) 660 or greater credit scores; 4) Can close in entities; 5) No limits on number of properties financed; 6) SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos. DSCR Program DSCR (... -
- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview Similar with WVOE. 7/6 ARM (5/1/5). CA,CO,GA,IL.VA,WA are available. Details 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 lower as 30%; 6) Min. FICO 680. What’s the program? Did you have ever meet this kind of case? Did the Lender condition updated paystubs again and again? Did the lender calculate your income and tell you not qualify with the house mortgage? Are you har... -
- AAA Lendings Non-QM Interested Program – Diamond Jumbo (Similar with Conventional Loan) – AAA Lendings
Overview Diamond Jumbo, for borrowers who can not do Non-agency Jumbo. More loan amount/ Higher DTI/ Higher LTV/ Unlimited financed properties. Details 1) Max DTI 55%; 2) Up to $4M loan amount; 3) Up to 80% LTV; 4) No MI(Mortgage Insurance); 5) 660 or greater credit scores; 6) 6 or more months reserves; 7) 1-year tax return is available. What’s this program? Did you ever met below situation? • Lender can not permit your high loan amount request? • Can’t you get to the high... -
- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview Similar with WVOE. 7/6 ARM (5/1/5). CA,CO,GA,IL.VA,WA are available. Details 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 lower as 30%; 6) Min. FICO 680. What’s the program? Did you have ever meet this kind of case? Did the Lender condition updated paystubs again and again? Did the lender calculate your income and tell you not qualify with the house mortgage? Are you har... -
- AAA Lendings AAA Non-Conforming Loan – Jumbo Loan(High Loan Amount) – AAA Lendings
Overview High loan amount limit than agency conventional loans. 30 Yrs FRM/15 Yrs FRM/ 10/6 ARM high balance loan limit Jumbo unacceptable. 7/6 ARM high balance loan limits JUMBO acceptable. Details 10/6 ARM 1) Min. FICO 720; 2) Min. 12 months reserves on PITIA; 3) Max LTV 80%; 4) Max Loan amount $3.0M; 5) Max cash out $350,000; 6) 1-4 Units: Primary; 7) 1 unit: 2nd home & Investment property; 8) Purchase & R/T Refi & C/O Refi. 7/6 ARM 1) Min. FICO 700; 2) Min. 6 mo... -
- AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – AAA Lendings
Overview Most simple product in the varieties of Non-QM programs. No Income/ No Employment/ No Tax Returns, neither comparing DTI ratio like conventional loans. Only if the subject property is an investment property. Details 1) Up to $2M loan amounts; 2) Up to 80% Max LTV; 3) 660 or greater credit scores; 4) Can close in entities; 5) No limits on number of properties financed; 6) SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos. DSCR Program DSCR (... -
- AAA Lendings HELOC – AAA Lendings
Overview Standalones HELOC. 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%. Details 1) Like a high-limit credit card 2) No Prepayment Penalty 3) No Annual Fee 4) Primary & Second home eligible 5) 1 Unit & Up to 90... -
- AAA Lendings AAA Non-Conforming Loan – Jumbo Loan(High Loan Amount) – AAA Lendings
Overview High loan amount limit than agency conventional loans. 30 Yrs FRM/15 Yrs FRM/ 10/6 ARM high balance loan limit Jumbo unacceptable. 7/6 ARM high balance loan limits JUMBO acceptable. Details 10/6 ARM 1) Min. FICO 720; 2) Min. 12 months reserves on PITIA; 3) Max LTV 80%; 4) Max Loan amount $3.0M; 5) Max cash out $350,000; 6) 1-4 Units: Primary; 7) 1 unit: 2nd home & Investment property; 8) Purchase & R/T Refi & C/O Refi. 7/6 ARM 1) Min. FICO 700; 2) Min. 6 mo... -
- AAA Lendings HELOC – AAA Lendings
Overview Standalones HELOC. 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%. Details 1) Like a high-limit credit card 2) No Prepayment Penalty 3) No Annual Fee 4) Primary & Second home eligible 5) 1 Unit & Up to 90... -
- AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – AAA Lendings
Overview Most simple product in the varieties of Non-QM programs. No Income/ No Employment/ No Tax Returns, neither comparing DTI ratio like conventional loans. Only if the subject property is an investment property. Details 1) Up to $2M loan amounts; 2) Up to 80% Max LTV; 3) 660 or greater credit scores; 4) Can close in entities; 5) No limits on number of properties financed; 6) SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos. DSCR Program DSCR (...