Wholesale - AAA Lendings Non-QM Interested Program – Full Docs (Similar with Conventional Loan) – AAA Lendings lender and investor

Product Detail

Navigating the mortgage landscape can be complicated, but AAA LENDINGS simplifies the process, making it engaging and stress-free. We offer a clear and concise document collection system, allowing you to easily upload the required paperwork online. We are keenly aware that your time is valuable, and by making the process smoother, we keep you actively engaged and in control of your mortgage journey. Mortgage Lender Vs Broker, Conventional Vs Fha Loan, Home Equity Loan, We understand that financial challenges can arise unexpectedly, and we're here to provide solutions when you need them most. In addition to traditional mortgage products, AAA LENDINGS offers a range of flexible loan programs that cater to unique financial situations. Whether you have a less-than-perfect credit score, are self-employed, or have unconventional income sources, we have loan options designed to meet your needs.

– AAA Lendings Non-QM Interested Program – Full Docs (Similar with Conventional Loan) – AAA Lendings Detail:

Title - FD

Overview

Full Docs, 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 higher credit scores;
6) 6 months or more reserves;
7) 1-year tax return.

What’s this Full Docs?

Did you ever met below situation?
• Lender can not permit your high loan amount request.
• Can’t you get to the LTV you want?
• Can’t non-agency jumbo lenders offer you cash-out loans?
• Did the lender require you to buy MI(Mortgage Insurance)?
If you have ever met these embarrassed situations, then no worries. Non-QM lenders also have such programs, similar with agency loans. However, Non-QM lenders with {Full Docs} loan product have much lower limitations than Full Documents loan products. You have a better choice now. One key point you may pay attention is that you can apply for this program only if you can not qualify with a FNMA or FHMLC loan.

What are the differences between Non-QM Full Docs and Full Qualify Program?

In general, most of the applicants may apply for conventional Jumbo loan for purpose of higher loan amount. However, in our experiences, conventional Jumbo program is not that easy to close. The program has restricted requirements than agency loans, and has long turn time as well.

However, under some circumstances, the applicants can not qualify or proceed with conventional Jumbo program, as a result they can only do a Non-QM product to satisfy their purpose, such as higher loan amount/ Cash-out/ LTV/ Credit score, etc.

Our Non-QM Full Income Documentation is available to borrowers with jumbo loans and conforming loans that fall just outside the parameters for Qualified Mortgages. Loans in this program must not be eligible for sale to any Government Agency.

The benefits of Full Docs

Higher loan amount than agency loans;
High DTI ratio, low limitations;
No MI (Mortgage Insurance) needed;
Cash-out is allowed;
Higher LTV than agency loans.

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Our commitment to transparency goes beyond the initial stages of the mortgage process. We ensure that you have a clear understanding of your mortgage terms, including interest rates, fees, and closing costs. There are no surprises on the closing day. We're dedicated to providing you with straightforward, jargon-free explanations, so you can confidently navigate the financial aspects of your home purchase or refinance. – AAA Lendings Non-QM Interested Program – Full Docs (Similar with Conventional Loan) – AAA Lendings , The product will supply to all over the world, such as: Morocco, Belize, Armenia, Our company insists on the purpose of takes service priority for standard, quality guarantee for the brand, do business in good faith, to offer skilled, rapid, accurate and timely service for you. We welcome old and new customers to negotiate with us. We are going to serve you with all sincerity!

-AAA Lendings

This company has the idea of better quality, lower processing costs, prices are more reasonable, so they have competitive product quality and price, that's the main reason we chose to cooperate.