Wholesale - AAA Lendings Portfolio Program – AAA Lendings lender and investor

Product Detail

Transparency is at the core of our operations. We take pride in our open and honest communication with our clients. No hidden fees, no surprises. We provide clear, straightforward information about your mortgage options, ensuring you have all the facts to make informed decisions. Our goal is to build trust with our clients by being forthright and transparent, making your home financing experience as smooth as possible. Conventional Loan Without Pmi, Hawii Mortgage Broker Or Lender, Conventional Loan Texas, We value your time, and we understand that your schedule may not always align with traditional business hours. That's why our customer support is available beyond the 9-to-5 window. Whether you have questions in the evening or during the weekend, we're here to provide assistance. Our extended support hours aim to engage customers by demonstrating our commitment to being there when you need us the most. Your convenience is our priority, and we're here to make your mortgage journey as engaging and hassle-free as possible.

– AAA Lendings Portfolio Program – AAA Lendings Detail:

Portfolio Program

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 $500,000;

6) Foreign National – Not Eligible;

7) 18-Month Pre-Payment Penalty is equal to 6 months interest;

8) Min. 12 months PITIA on subject property as the reserves;

9) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.

Portfolio DSCR

1) UW Fee $1495 & Processsing Fee $845;

2) Trust/Entity Review $300, if applicable;

3) Min. Loan Amount $500,000;

4) Foreign National – Not Eligible;

5) Min. DSCR 1.000;

6) Loan Made to Natural Person – No Entity Borrowers;

7) 2-4 Unit Property is Eligible and 5% Reduction in Max. LTV/CLTVs on Matrix;

8) 18-Month Pre-Payment Penalty is equal to 6 months interest;

9) Min. 12 months PITIA on subject property as the reserves;

10) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.

Portfolio FN DSCR

1) UW Fee $1495 & Processsing Fee $845;

2) Trust/Entity Review $300, if applicable;

3) Foreign National Review $250;

4) Min. Loan Amount $500,000;

5) Min. DSCR 1.000;

6) Interest Only – Not Allowed;

7) Power of Attorney – Not Allowed;

8) Pre-Payment Penalty (Investor only) is 18 months and equal to 6 months interest.

9) Min. 12 months PITIA on subject property as the reserves;

10) Exception: case by case for loan amount ≤ $500k with 0.5 adjusted to fee.

How to Calculate Portfolio DSCR?

DSCR shall be calculated as follows: DSCR = *Net Rental Income ÷ Qualifying Monthly Payment (P and I only);

*Net Rental Income = Gross Rents * (1 – Expense Factor);

Expense Factors: Property without HOA = 25%, Property with HOA = 30%;

Rent will be the lesser of: Current lease income or the amount on the 1007 provided by the appraiser showing the estimated market rent schedule.

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Planning your financial future begins with the right mortgage partner, and at AAA LENDINGS, we are committed to helping you achieve your dreams. We understand that the journey towards homeownership can be exciting but also daunting. Our seasoned professionals are more than just mortgage experts; they are your financial allies. They are available to discuss your goals, assess your financial situation, and provide personalized guidance that captures your interest. We take pride in being the guiding hand that empowers you to make informed decisions about your future. – AAA Lendings Portfolio Program – AAA Lendings , The product will supply to all over the world, such as: Argentina, panama, Mauritius, Since the establishment of our company, we've realized the importance of providing good quality goods and the best before-sales and after-sales services. Most problems between global suppliers and clients are due to poor communication. Culturally, suppliers can be reluctant to question points they do not understand. We break down these barriers to ensure you get what you want to the level you expect, when you want it.

-AAA Lendings