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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 600
  • Up to 85% CLTV
  • Loan amounts up to $3 million
  • Max cash-on-hand $1 million, no limit for CLTV < 55%
  • 30 & 40 Year Fixed, 5/6 & 7/6 ARM
  • 3 months reserves
  • 12 months from bankruptcy or foreclosure
  • Mortgage history 0 x 60 x 12
  • Condos up to 85% CLTV
  • Combination of business and personal bank statements allowed
  • Condo and condotels allowed

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Asset Utilization

- FICO 600
- Up to 80% CLTV
- Cash Out up to 75% LTV
- Savings and checking 100%
- Securities at 100%
- Retirement at 70%
- Income calculation - all eligible assets divided by 60
- Super Prime & Prime programs

Full Doc Non-QM

- FICO 600
- 85% CLTV
- Loan amounts up to $3 million
- Max cash-on-hand $1 million, no limit for LTV < 55%
- DTI up to 55%
- 30 & 40 Year Fixed, 5/6 ARM & 7/6 ARM
- Traditional income​
- 2-year credit event allowed​
- Super Prime & Prime Programs​
- Condo up to 85% CLTV​
- Condotels up to 70% CLTV
- NY up to 85% CLTV

DSCR

- FICO 620
- Up to 80% CLTV
- Loan amounts up to $2.5 million
- Max cash-on-hand $1 million, no limit for CLTV <55%
- 40- & 30-year fixed, 5/6 ARM, &7/6 ARM terms
- No income or employment verification
- DSCR as low as 0
- Eligible for Non-Permanent Residents and Foreign Nationals (under Foreign National DSCR Program)
- Ownership of any property within the past 24 months
- Condotels allowed

Non Permanent Resident

- FICO 660
- Up to 90% CLTV
- Bank statements allowed