A&D Mortgage offers a range of financing solutions for new and established non-warrantable condos for borrowers who don’t meet Fannie Mae’s requirements.
Limited vs Full Review At-a-Glance
| Eligibility Requirements | Limited Review | Full Review |
| Owner Occupied LTV | ≤90% (≤75% in FL) | ≤90% |
| Second Home LTV | ≤75% (≤70% in FL) | ≤85% |
| Non-Owner-Occupied LTV | ≤75% (≤70% in FL) | ≤85% |
| Construction 100% complete | ✅ | ✅ |
| 75% of total units sold | ✅ | ✅ |
| Not operated as a hotel, motel or resort | ✅ | ✅ |
| No mandatory membership fees | ✅ | ✅ |
| Commercial space up to 35% | ✅ | ✅ |
| Single entity owns not more than 20% (projects with 2 to 4 units – 1 unit) | ✅ | ✅ |
| Capital reserves budget cap | None | 8% |
| Allowable maximum of investment properties | None | 75% |
| HOA dues cap | None | 15% |
| Maximum HOA income allowed for non-incidental business | None | 10% |
Ready to Take Your Business to the Next Level?
A&D Mortgage offers a full suite of products to meet your clients’ needs. These include DSCR loans, bank statement loans, and conventional loans. As a trusted mortgage lender, we provide flexible solutions and competitive rates. This way you can deliver the best options for your borrowers.
Explore our exclusive broker package and benefit from partnering with A&D Mortgage today. Plus, use our loan calculator for instant quotes and pricing on any product. Become a partner and access the best tools to grow your business.
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