– AAA Lendings Non-QM Interested Program – Full Docs (Similar with Conventional Loan) – AAA Lendings Detail:
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.
Product detail pictures:
Related Product Guide:
For many of our clients, a mortgage is more than just a financial transaction; it's a significant life milestone. Whether you're a first-time homebuyer or a seasoned real estate investor, we approach each application with the care and attention it deserves. We take the time to understand your goals and aspirations, ensuring that your mortgage aligns with your vision for your future. – 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, Jordan, Macedonia, By integrating manufacturing with foreign trade sectors, we can offer total customer solutions by guaranteeing the delivery of right items to the right place at the right time, which is supported by our abundant experiences, powerful production capability, consistent quality, diversified product portfolios and the control of the industry trend as well as our mature before and after sales services. We'd like to share our ideas with you and welcome your comments and questions.
By Faithe from Cologne - 2018.06.18 17:25
A nice supplier in this industry, after a detail and careful discussion, we reached a consensus agreement. Hope that we cooperate smoothly.
By Renee from Zurich - 2018.11.28 16:25