AAA Lendings Refinance Options for Self-Employed Borrowers

Refinancing can be more complicated for self-employed borrowers because traditional underwriting may not fully reflect how a business owner earns and manages income. AAA Lendings Refinance options can provide another path for borrowers whose financial picture is stronger than a standard tax-return review may suggest. One available solution is the Self Prepared P&L/WVOE 5/6 Arm program, designed for qualifying borrowers who can document their business history and current profit and loss information.

For eligible self-employed borrowers, the program can use a self-prepared profit and loss statement rather than requiring a CPA to prepare the P&L itself. The current matrix requires two years of business licensing and, for applications received on or after July 1, a current year-to-date P&L. A CPA letter is still required to verify business ownership, location, and business history. This distinction can matter when a borrower can prepare accurate current business financials but wants to avoid waiting for a third party to prepare the P&L.

AAA Lendings Refinance scenarios under the 5/6 ARM may include rate-and-term refinancing and, where eligible, cash-out refinancing. The program is available in selected markets and uses a 30-Day Average SOFR index with a 3.000% margin. Credit, property type, loan amount, occupancy, appraisal, reserve, and state-specific requirements all affect eligibility. For example, the current matrix provides different maximum LTV levels by location, loan size, and property type, and requires a minimum 680 FICO in many standard scenarios.

For borrowers who own a business, refinance planning should begin with a complete review of the current mortgage, property, credit profile, business history, assets, and the purpose of the refinance. AAA Lendings Refinance is not a one-size-fits-all solution, but the Self Prepared P&L structure may help qualified borrowers present their current business performance in a more direct way.

Mortgage professionals can review the latest AAA Lendings guidelines before structuring a file because program requirements, pricing, and availability can change. A well-prepared scenario helps determine whether a Self Prepared P&L 5/6 ARM refinance is the right fit for the borrower.

A broker can make the review faster by sending a concise scenario summary with the current rate, estimated property value, loan balance, desired loan amount, occupancy, FICO, business type, years in business, and the reason for refinancing. That information helps the lender determine whether the 5/6 ARM structure should be explored before the borrower gathers the full document package.

Compliance note: Content is based on the provided AAA Lendings matrix, rate sheet, and flyer. Confirm current product guidelines, pricing, state overlays, and borrower eligibility before quoting or submission.