Back by Popular Demand: A&D Mortgage Reintroduces Enhanced DSCR Product

July 11, 2024
Back by Popular Demand: A&D Mortgage Reintroduces Enhanced DSCR Product

At A&D Mortgage, we pride ourselves on listening to our partners and delivering products that meet their needs. That’s why we’re thrilled to announce the return of one of our most requested products: our enhanced DSCR < 0.75 loan, now featuring even more flexible options to empower your clients and grow your business.

Why the DSCR < 0.75 Product is a Game-Changer

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Our DSCR loan product has always been a favorite among investors. By allowing a Debt Service Coverage Ratio of less than 0.75, we’re making it easier for more clients to qualify for loans, even when their rental income doesn’t cover the mortgage payments. This product opens doors for a broader range of borrowers, particularly those looking to expand their investment portfolios.

Key Enhancements

  1. CLTV Max 70% for Purchases. One of the significant updates to our DSCR product is the Combined Loan-to-Value (CLTV) ratio of up to 70% for purchase transactions. This increase means your clients can borrow more against their property, providing them with greater purchasing power and making their investment goals more attainable.
  2. CLTV Max 65% for Cash-Outs. For those looking to access their property’s equity, we’ve reinstated a maximum CLTV of 65% for cash-out transactions. This update is perfect for clients who need funds for renovations, debt consolidation, or new investment opportunities. By leveraging their existing assets, they can achieve their financial objectives more efficiently.

Benefits for Mortgage Brokers and Their Clients

  • Broaden Your Client Base. By offering a DSCR of less than 0.75, you can help a wider array of investors qualify for loans. This flexibility is particularly beneficial for clients with complex income situations or those investing in high-potential but lower-yield properties.
  • Increase Investment Opportunities. Higher CLTV limits mean more capital for your clients to invest. Whether they’re purchasing new properties or tapping into existing equity, these changes provide the financial leverage they need to expand their portfolios.
  • Enhance Client Satisfaction. Offering products that meet your clients’ needs strengthens your relationships and builds trust. By reintroducing these popular features, you can deliver the solutions they’ve been asking for, setting yourself apart as a responsive and client-focused mortgage broker.

How to Take Advantage of These Updates

To leverage these exciting product updates, we recommend reaching out to your A&D Mortgage representative to discuss how these changes can fit into your clients’ financial strategies. Our team is ready to provide the support and resources you need to succeed.