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- AAA Lendings Non-QM 12 or 24-Month Personal / Business Bank Statements Program – AAA Lendings
Overview Self-employed borrower with excellent credit whose income stated on their tax return won’t qualify them for the luxury home they can afford. Qualify with 100% on Personal Account Deposits and 50% on Business Account Deposits (12 consecutive months) Details 1) Up to $4M loan amounts; 2) Up to 90% Max LTV; 3) Self-Employed and 1099 Borrowers; 4) 660 or greater credit scores; 5) No reserves required at 75% or less LTV; 6) No 4506T / No K1’s / No P&L’s; 7) No MI(Mortga... -
- AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings
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 the program? Did you have ever meet this kind of case? Did the Lender condition ... -
- AAA Lendings Salary Borrower Non-QM Program – WVOE (Written Verification of Employment) – AAA Lendings
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 the program? Did you have ever meet this kind of case? Did the Lender condition ... -
- AAA Lendings Non-QM Non-DTI ratio Program – Asset Depletion(Asset Only) – AAA Lendings
Overview A borrower sold their multi-million dollar business and then found the home of their dreams but had no source of income to document. Details 1) Up to $2.5M loan amount; 2) Up to 80% LTV; 3) DTI ratio is 50%; 4) Cash-out is accepted; 5) No need employment information in loan application; 6) Asset divide 84 or fixed loan terms to get the borrrower qualified income. What is the program？ • Is your job or income failed to qualify a mortgage loan? • Do you have enough assets in you accou... -
- AAA Lendings Non-QM Non-DTI ratio Program – Asset Depletion(Asset Only) – AAA Lendings
Overview A borrower sold their multi-million dollar business and then found the home of their dreams but had no source of income to document. Details 1) Up to $2.5M loan amount; 2) Up to 80% LTV; 3) DTI ratio is 50%; 4) Cash-out is accepted; 5) No need employment information in loan application; 6) Asset divide 84 or fixed loan terms to get the borrrower qualified income. What is the program？ • Is your job or income failed to qualify a mortgage loan? • Do you have enough assets in you accou... -
- AAA Lendings Non-QM Self-employed borrower program – P&L(Self Prepared Profit & Loss Only) – AAA Lendings
Overview Self-employed borrowers only, who can not go with agency mortgage loans, and do not want to provide varities of income documents. Details 1) No CPA signature needed; 2) Foreign national allowed; 3) Loan amount up to $10M; 4) 12 months reserves calculated on PI(Not PITIA other lender required); 5) No tax returns needed; 6) Gift funds allowed; 7) Down payment as lower as 30%; 8) Min. FICO 680. What’s this program? Who can apply for this program? • Are you a self-emp... -
- AAA Lendings AAA Non-Conforming Loan – Jumbo Loan(High Loan Amount) – AAA Lendings
Overview High loan amount limit than agency conventional loans. Details 1) Max DTI 43%; 2) Up to $2M Loan Amounts; 3) Up to 80% Max LTV; 4) 2-year tax returns are required; 5) No MI(Mortgage Insurance); 6) 720 or greater credit scores; 7) 12 or more months reserves; 8) SFRs, 2-4 Units, PUDs，Condos; 9) Non-AUS products. What is Jumbo Loan? A jumbo loan is a type of financing that exceeds the limits set by the Federal Housing Finance Agency and cannot be purchased, guaranteed, or securitized ... -
- AAA Lendings Non-QM Salary & Self-employed borrower Asset Program – True Stated Income – AAA Lendings
Overview Use borrower’s asset to qualify, borrower’s assets need to cover at least 6-month deposits of monthly income. Details 1) No P&L Needed; 2) No WVOE Needed; 3) 12 months reserves calculated on PI (Not PITIA other lender required); 4) Gift funds allowed; 5) Loan amount up to $2.5M; 6) Purchase & No Cash out available. What’s this program? • Do you know how to use asset only to qualify for you house mortgage loan? • Were you suspended or denied by ... -
- AAA Lendings Non-QM Interested Program – Diamond Jumbo (Similar with Conventional Loan) – AAA Lendings
Overview Diamond Jumbo, 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 90% LTV; 4) No MI(Mortgage Insurance); 5) 660 or greater credit scores; 6) 6 or more months reserves; 7) 1-year tax return is available. What’s this program? Did you ever met below situation? • Lender can not permit your high loan amount request? • Can’t you get to the high... -
- AAA Lendings Non-QM DSCR(Debt Service Coverage Ratio) Program – AAA Lendings
Overview Most simple product in the varieties of Non-QM programs. No Income/ No Employment/ No Tax Returns, neither comparing DTI ratio like conventional loans. Only if the subject property is an investment property. Details 1) Up to $2M loan amounts; 2) Up to 80% Max LTV; 3) 660 or greater credit scores; 4) Can close in entities; 5) No limits on number of properties financed; 6) SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos. DSCR Program DSCR (... -
- AAA Lendings AAA Non-Conforming Loan – Jumbo Loan(High Loan Amount) – AAA Lendings
Overview High loan amount limit than agency conventional loans. Details 1) Max DTI 43%; 2) Up to $2M Loan Amounts; 3) Up to 80% Max LTV; 4) 2-year tax returns are required; 5) No MI(Mortgage Insurance); 6) 720 or greater credit scores; 7) 12 or more months reserves; 8) SFRs, 2-4 Units, PUDs，Condos; 9) Non-AUS products. What is Jumbo Loan? A jumbo loan is a type of financing that exceeds the limits set by the Federal Housing Finance Agency and cannot be purchased, guaranteed, or securitized ... -
- AAA Lendings Non-QM Interested Program – Diamond Jumbo (Similar with Conventional Loan) – AAA Lendings
Overview Diamond Jumbo, 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 90% LTV; 4) No MI(Mortgage Insurance); 5) 660 or greater credit scores; 6) 6 or more months reserves; 7) 1-year tax return is available. What’s this program? Did you ever met below situation? • Lender can not permit your high loan amount request? • Can’t you get to the high...