AAA Lendings, Inc.

Basic information

QM program

• Conventional

Loss payee

AAA CAPITAL INVESTMENT, INC. Its Successors and/or Assigns 41 E Live Oak Ave, Arcadia, CA 91006

CPL or subordinate clause

AAA CAPITAL INVESTMENT, INC. Its Successors and/or Assigns 41 E Live Oak Ave, Arcadia, CA 91006

Lock policies & fees

Lock policies

Lock extension

Rate Extension Fee: 0.150% for 7 days | 0.250% for 14 days Rate Extension Fees: The fee for a second-rate extension will be 1.5 times that of the first-rate extension fee. Third-rate extensions are not permitted

Relock

Relocking within thirty days after the lock period expires is not allowed The lower price of original price or current price minus 0.25

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Good Pricing and Flexibility in Underwriting

Self-Prepared P&L

DSCR for FTHB/FTI with DSCR>=0.75

No DSCR ratio OK

No DSCR ratio for foreign nationals OK

DSCR 5+ units

Allow lender credit to cover BPC.

Lender's overlays

DSCR is available in all the states except AR, IA, RI, UT

No Mixed-use properties, no manufactured homes

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

1

Reviews