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AD Mortgage

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% CLTV on 2Y and up to 80% CLTV on 1Y
  • Max DTI 55%
  • Loan amounts up to $4 million
  • Max cash in hand $1 million, no limit CLTV < 55%
  • P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
  • No bank statement required
  • Super Prime & Prime program

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Other Programs

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Bridge Loan Program

- FICO 580
- 70% CLTV
- Interest Only
- No Income on 1003
- Foreign National allowed
- Refer to guidelines and matrix for prepayment penalty
- Fast closing
- No asset seasoning
- Eligible for Non-Permanent Residents
- Cryptocurrencies accepted for reserves, down payments and closing costs

Foreign Nationals

- No score or FICO 599
- Up to 80% CLTV
- 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
- Cryptocurrencies accepted for reserves, down payments and closing costs

Full Doc Non-QM

- FICO 580
- 90% CLTV
- Loan amounts up to $4 million
- Max cash in 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 90% CLTV​
- Condotels up to 70% CLTV
- NY up to 90% CLTV
- Cryptocurrencies accepted for reserves, down payments and closing costs

12/24 Months Bank Statements

- FICO 580
- Up to 90% CLTV
- Loan amounts up to $4 million
- Max cash in hand $1 million, no limit for CLTV < 55%
- 3 months reserves
- Cryptocurrencies accepted for reserves, down payments and closing costs
- 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