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- 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 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 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 AAA Conventional Conforming Loans for most of the Borrowers in United States – AAA Lendings
What is conventional Conforming Loan? A conforming loan is a mortgage with terms and conditions that meet the funding criteria of Fannie Mae and Freddie Mac. Conforming loans cannot exceed a certain dollar limit, which changes from year to year. In 2022, the limit is $647,200 for most parts of the U.S. but is higher in some more expensive areas. You can search on the internet for each county loan conforming loan limits for current year. The mission of Fannie Mae and Freddie Mac results in t... -
- 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 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 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 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 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 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 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...