Wholesale - AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings lender and investor

Product Detail

Your time is precious, and we respect that. At AAA LENDINGS, we're committed to streamlining the mortgage process to save you time and effort. Our online application is user-friendly and designed with your convenience in mind. You can complete the application at your own pace, from the comfort of your home or office. We know you have a busy life, and we aim to make the mortgage process engaging, efficient, and time-saving. Credit Score, What Is Non-Qm Loan, Mortgage Broker Rates, 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 Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings Detail:

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Overview

Wage earner borrowers only, who can not go with agency mortgage loans, and do not want to provide varities of income documents.

Details

1) Foreign national allowed;
2) 12 months reserves calculated on PI (Not PITIA other lender required);
3) No paystub / W-2 / tax return needed;
4) Gift funds allowed;
5) Loan amount up to $2.5M;
6) Down payment as lower as 30%;
7) Min. FICO 680.

What’s WVOE?

Have you ever seen 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 hard to find your copies of W2s or paystubs?

AAA Lendings offer you a perfect Non-QM program — WVOE (Written Verification of Employment). If the salaried borrowers receive a consistent wage or salary from an employer in return for a service rendered and have no ownership or less than 25% ownership interest in the business.

Salaried borrowers receive a consistent wage or salary from an employer in return for a service rendered and have no ownership or less than 25% ownership interest in the business. Compensation may be based on an hourly, weekly, bi-weekly, monthly, or semi-monthly basis. If hourly, the number of scheduled hours must be addressed. The income that is verified must be converted into a monthly dollar amount for use on the formal application (FNMA Form 1003). At the discretion of the underwriter, supplementary documentation of income may be requested.

What are the advantages?

For this program, the lender only need a WVOE form to calculate qualified income, no any other income documents needed. This should be the most attractive key point of this program. There is not any agency loans can do such program. Besides, different from other programs, borrowers doesn’t need to provide too many assets documents for this program. In general, this is a good program for salaried borrowers who do not qualify agency loans.

How to calculate the salary?

- Use the base salary (semi-monthly, bi-weekly, or hourly rate as supported by YTD) from WVOE.
Examples:
- Semi-monthly: Semi-monthly salary multiplied by 2 equals monthly income.
- Bi-weekly: Bi-weekly salary multiplied by 26 divided by 12 equals monthly income.
- Teacher paid for 9 months: Monthly salary multiplied by 9 months divided by 12 months equals monthly qualifying income.

Reminder the employer to complete the WVOE form, then lender will proceed with the loan faster.

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At AAA LENDINGS, we believe in giving back to our valued customers. That's why we offer a loyalty program that rewards you for your trust and ongoing partnership with us. Our loyalty program is designed to keep you engaged and appreciated, offering exclusive benefits and discounts for our returning customers. Your commitment to AAA LENDINGS is recognized and rewarded, and we strive to make your continued interest in our services a rewarding experience. – AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings , The product will supply to all over the world, such as: Sacramento, Mecca, Dubai, Good quality and reasonable price have brought us stable customers and high reputation. Providing 'Quality Products, Excellent Service, Competitive Prices and Prompt Delivery', we are now looking forward to even greater cooperation with overseas customers based on mutual benefits. We'll work whole-heartedly to improve our solutions and services. We also promise to work jointly with business partners to elevate our cooperation to a higher level and share success together. Warmly welcome you to visit our factory sincerely.

-AAA Lendings

The accounts manager made a detailed introduction about the product, so that we have a comprehensive understanding of the product, and ultimately we decided to cooperate.