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12/24 Months Bank Statements

A&D Mortgage understands that borrowers should not be denied the opportunity of homeownership because they don’t meet the stringent requirements that traditional lenders require.

Our A&D 12/24 Month Bank Statement loans are perfect Non-QM options for self-employed and high net worth individuals who are unable to document their income with tax returns. To qualify for this loan, we allow the use of 12 and 24 months of Business and Personal bank statements.

Program highlights:

  • FICO 580
  • 90% LTV
  • Loan amounts up to $4 million
  • Max cash in hand $1 million, no limit for LTV < 55%​
  • 3 months reserves​
  • 12 months from bankruptcy or foreclosure​
  • Mortgage history 0 x 60 x 12​
  • Combination of business and personal bank statements allowed​
  • Condo and condotels allowed

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Asset Utilization

- FICO 580
- 80% LTV
- Cash-out up to 75% LTV
- Savings and checking 100%
- Securities at 90%
- Retirement at 70%
- Cash out available
- Income calculation - all eligible assets divided by 60
- Super Prime & Prime programs

Full Doc Non-QM

- FICO 580
- 90% LTV
- Loan amounts up to $4 million
- Max cash in hand $1 million, no limit for LTV < 55%
- Cash-out up to 80% LTV
- Traditional income
- 2-year credit event allowed
- Super Prime & Prime Programs
- Condo up to 90% LTV
- Condotels allowed

Freddie Mac Refi Possible

- 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
- Up to 97% LTV
- Income at or below 80% of the area median income (AMI)
- Maximum DTI 65%
- Borrower will receive $500 credit at closing if they have an existing appraisal
- Roll up to $5,000 in closing costs for those with limited cash to close. Cash-out limited to $250
- Reduced documentation requirements

Fannie Mae Refi Now

- 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
- Up to 97% LTV
- Income at or below 80% of the area median income (AMI)
- Maximum DTI 65%
- Borrower will receive $500 credit at closing if they have an existing appraisal
- Roll up to $5000 in closing costs for those with limited cash to close. Cash-out limited to $250
- Reduced documentation requirements