– AAA Lendings Non-QM Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings Detail:
Overview
Use Borrower’s 6 months deposits of monthly income to support the stated income in 1003.
Program Highlights
1) No P&L Needed;
2) No WVOE Needed;
3) 12 months reserves calculated on PI;
4) Gift funds allowed;
5) Loan amount up to $2.5M;
6) Purchase & No R/T.
What is True Stated Income?
• Do you know how to use asset only to qualify for you house mortgage loan?
• Were you suspended or denied by the lender for a WVOE (Written Verification of Employment) program?
• Does your assets have not so much when you want to buy your own house?
• Didn’t your employer want to provide a WVOE form or cooperate?
If you have ever met the above situations, the program is similar with the {WVOE} program, it’s designed for salaried borrowers and self-employed borrowers. Non-QM loans have little such good programs that wage earners and business owners can both apply for.
How does this program work?
Just like the product name, this program is qualified with asset as well. See below:
If to choose the True Stated Income program, the borrower will only be required to provide an Asset Based Income on the Loan Application (1003). This income will be utilized to calculate qualifying debt to income ratio.
Who can apply for this program?
No matter you are a salary borrower or a self-employed borrower, you can apply for this program. For salary borrowers, no special documents are needed when you apply a new house mortgage loan of Non-QM with the lender. For self-employed borrowers or 1099 borrowers, a CPA letter may required.
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Related Product Guide:
The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. – AAA Lendings Non-QM Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings , The product will supply to all over the world, such as: Swiss , Zurich , Philippines , Our aim is to help customers realize their goals. We have been making great efforts to achieve this win-win situation and sincerely welcome you to join us. In a word, when you choose us, you choose a perfect life. Welcome to visit our factory and welcome your order! For further inquiries, you should do not hesitate to contact us.
By Leona
from
Pakistan
-
2018.06.30 17:29
This manufacturer can keep improving and perfecting products and service, it is in line with the rules of market competition, a competitive company.
By Madge
from
Colombia
-
2017.10.13 10:47
