A&D Mortgage – Nationwide Mortgage Lender

Second Mortgage

FICO 660+ Max CLTV 85%

Loan secured by the equity in your home for any chosen purpose

• Credit scores down to 660
• Owner-occupied or second home or investment
• Max CLTV 85%
• Maximum 50% DTI

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DSCR

Min. FICO 620 Up to 80% CLTV

Close DSCR loans with the fastest turn times in the industry

• No ratio loans
• No income no employment
• Condotels, mixed use, 5-8 units
• Max cash-on-hand $1 million, no limit for CLTV <55%

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12/24 Months Bank Statements

Min. FICO 599 Up to 90% CLTV

The perfect fit for self-employed borrowers

• Personal / business / combined
• 3 month reserves
• Concierge Service to calculate income
• Max cash-on-hand $1 million, no limit for CLTV < 55%

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1Y + 2Y P&L

Min. FICO 660 Up to 80% CLTV

The simpliest alternative solution for self-employed borrowers

• P&L only prepared by 3rd party CPA
• 2 months of bank statements required
• No tax returns required
• Loan amounts up to $4 million

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1Y or 2Y Full Doc Non-QM

Min. FICO 599 Up to 80% CLTV

Take advantage of Non-QM flexibility for Full Doc borrowers

• Loan amounts up to $4 million
• DTI up to 55% on owner-occupied
• 1Y credit event allowed
• Max cash-on-hand $1 million, no limit for LTV < 55%

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1099

Min. FICO 599 Up to 85% CLTV

Ideal loan for sole proprietors or contract individuals

• 1099s for 2 years
• 1 year history with same employer
• Gift funds allowed
• DTI 55% Max

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WVOE

Min. FICO 599 Up to 85% CLTV

Loan solution for salaried borrowers with no tax returns

• FNMA Form 1005
• 3 month reserves
• No tax returns required
• Loan amounts up to $4 million

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Asset Utilization

Min. FICO 599 Up to 80% CLTV

Qualify high net-worth individuals with their accumulated capital

• Qualifying assets / 60
• 3 month reserves
• Checking, savings, stocks, bonds
• Savings and checking 100%

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Foreign Nationals DSCR

Up to 70% CLTV No score or FICO 660

Qualify Foreign Nationals with minimal documentation and fast closings

• Loan amounts up to $2 million
• Cash-out allowed
• DSCR as low as 0 (min. FICO 680)
• CPA Letter for last 2 years & year-to-date

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Foreign Nationals Full Doc

Up to 75% CLTV Min. FICO 660

Qualify Foreign National borrowers with overseas income

• Loan Amount up to $2 Million
• Overseas assets allowed
• RON allowed
• Cash-out allowed

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Freddie Mac Refi Possible

Up to 97% LTV FICO 620

Borrowers with limited income or credit seeking to refinance

• Designed for lower-income families
• Limited to owner-occupied, 1-unit primary residence financed through Fannie Mae or Freddie Mac
• Lowers interest rate by 0.5% and monthly payment by at least $50
• FICO 620

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Fannie Mae RefiNow

Homeowners wanting to refinance with lower income/credit requirements

• Designed for lower-income families
• Limited to owner-occupied, 1-unit primary residence financed through Fannie Mae or Freddie Mac
• Lowers interest rate by 0.5% and monthly payment by at least $50
• FICO 620

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Prime Jumbo

High-income borrowers seeking large home loans

• FICO 680
• Up to 75.00% HCLTV
• Fixed terms available up to $2.5 milliоn
• Cash out up to 75% HCLTV

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FHA High Balance

Minimum 620 FICO

Homebuyers in costlier areas with moderate income

• Loan amounts up to $1,089,300 depending on home location
• Available on primary residences
• Condo financing available

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FHA Streamline Refinance

No minimum FICO

Existing FHA loan holders aiming to refinance with minimal paperwork

• No appraisal and no income documentation are required
• You must have made at least six payments on your FHA mortgage
• To qualify, you’re required to be current on your monthly loan payments

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FHA

Financing up to 96.5% DTI up to 55%

First-time homebuyers with lower down payment capabilities

• Financing up to 96.5%
• DTI up to 55%
• Up to 6% of closing costs can be contributed by the seller

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Conventional High Balance

Loans up to $970,800

Buyers in high-cost areas with strong credit scores

• Loan amounts up to $1,089,300 in high-cost areas for a single unit
• Eligible for primary and secondary homes
• More competitive rates and easier guidelines
• Faster turn times

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Freddie Mac Home Possible

Low to moderate-income buyers aiming to purchase a home

• Fixed-rate financing for easier budgeting
• Homebuyer education is required for first-time buyers
• Up to 97% LTV
• FICO 620

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Fannie Mae HomeReady

Low to moderate-income buyers seeking affordable housing

• Down payments as low as 3%
• FICO 620
• Low income
• First-time or repeat home buyers

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Conventional

Standard mortgage for creditworthy homebuyers

• Loan amounts up to $726,200
• A conventional loan can be used to finance a property in a high-cost area
• 15-, 20-, 25- & 30-year fixed rate
• Down payments as low as 3% depending on loan amount

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