New LLPA Enhancements to Non-QM Programs

A&D Mortgage continues to update our products to meet the evolving needs of our partners and their borrowers, which is why we’re excited to share our most recent updates that take effect November 10th.

Non-QM LLPA Updates

• Super Prime:  Improved LLPAs for Condotels, 2^nd homes, 2-4 units, select LTVs for loan amounts between $2-3 million, interest-only, DTIs above 50%, 40-year fixed and Non-Permanent Residents up to 90 LTV
• Prime:   Improved LLPAs for Condotels, 2^nd homes, 2-4 units, interest-only, DTIs above 50%, and 40-year fixed
• DSCR:   Improved LLPAs for Condotels, 2-4 units, select LTVs for loan amounts between $2.5-3 million, interest-only, and 40-year fixed
• Foreign Nationals:  Improved LLPAs for Condotels, 2-4 units, interest-only, and 40-year fixed

Prime Jumbo LLPA Updates

• Purchase adjustment: Improved by 12.5 bps for HCLTV 80-89.99
• General adjustment: Improved by 37.5 bps for HCLTV 75-89.99

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