05/07/2024

Frequently, loan brokers or clients consult us because they are in urgent need of housing, but their jobs and income do not meet the requirements of current loan products on the market. How can they realize their dream of buying a home? Choosing AAA’s No Job No Income product is the solution. It does not require the client to have a job, nor does it require income verification. With low interest rates and lenient conditions, it easily meets the client’s housing needs.

1. No Need for Job and Income

There is no need for employment or to provide various complex income verification documents, allowing for rapid review and lightning-fast loan disbursement. Asset proof only requires a one-month bank statement or VOD (Verification of Deposit). If buying a primary residence, up to 50% of the down payment can come from a gift.

2. Broad Loan Purposes
Suitable for primary residences, vacation homes, and investment properties. Purchases, refinancing, and cash-out loans are all available.

3. Low Down Payment
The No Job No Income product requires only a 35% down payment, significantly lower than other loan products on the market that do not require a job and income, saving enough upfront cost to meet reserve requirements without the need for additional funds from the client.

4. Applicable to Various Borrower Identities

• U.S. citizens
• Permanent residents
• Foreign nationals
• Non-permanent residents

5. Low Interest Rate
According to AAA’s rate on 5/7/2024, the basic interest rate for purchasing a primary residence is only 7.125%.

 

With such lenient reserve requirements, it instantly beats competitors in the market, making it easier for clients to prepare loan documents. Whether you are a self-employed individual with stable work but less than ideal income documents; someone with unstable work and gaps in employment; or a foreign investor, this loan product is highly suitable for you. Moreover, AAA has exclusive agency rights for this product in California. With such an outstanding product, what are you waiting for? Contact us now!!

Statement: This article was edited by AAA LENDINGS; some of the footage was taken from the Internet, the position of the site is not represented and may not be reprinted without permission. There are risks in the market and investment should be cautious. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation or needs of individual users. Users should consider whether any opinions, opinions or conclusions contained herein are appropriate to their particular situation. Invest accordingly at your own risk.