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Asset Utilization

Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments. They are financially responsible people, but they might not have sources of income that are easily quantifiable.

A&D Mortgage’s Asset Utilization loans allow these kinds of borrowers to use their personal and business assets as a means to qualify for a home mortgage.

Program highlights:

  • 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

Video tutorial

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Other Programs

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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

12/24 Months Bank Statements

- 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

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

Non Permanent Resident

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