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1Y + 2Y P&L ONLY

Self-employed individuals have a more difficult time qualifying for a traditional mortgage. At A&D Mortgage, we offer our Non-QM 1-year and 2-year P&L Only loans to help them.

Borrowers can qualify for an A&D loan based on the strength of their business’s Profit & Loss (P&L) statement only. No bank statements are required.

Program highlights:

  • FICO 580
  • Up to 85% LTV
  • Max DTI 55%
  • Loan amounts up to $4 million
  • Max cash in hand $1 million, no limit LTV < 55%
  • P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
  • No bank statement required
  • Super Prime & Prime programs

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Other Programs

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Bridge Loan Program

- FICO 580
- 70% LTV
- Interest Only
- No Income on 1003
- Foreign National allowed
- No prepayment penalty
- Fast closing
- No asset seasoning
- Eligible for Non-Permanent Residents

Foreign Nationals

- No score or FICO 599
- Up to 80% LTV
- Loan amounts up to $3 million
- Cash-out allowed
- DSCR as low as 0
- CPA Letter for last 2 years & year-to-date
- One bank reference letter
- Overseas assets allowed as reserves
- Gift funds 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